ENERGIA VERDE

ASSOCIATES
(MAKING INDIA A BETTER PLACE)
 WHY SOLAR ?

Clean, Free & Independent Source of Energy

Sustainable
• Does not cause greenhouse gas emission/ air pollution

Provide electricity to remote places

 SOLAR ENERGY TO POWER
Photovoltaic Solar
• Thin wafer consisting
phosphorous doped (N type) silicon
on top of a thicker layer of boron
doped (P- type) silicon.
• An electric field is created near the
top surface of the cell where these
two materials are in contact (the P-
N junction).
• When sun light strikes the surface
of PV cell, this electrical field results
in a flow of current when the cell is
connected to an electrical load.
Solar Thermal
of • Concentrated solar power (CSP)
systems generate solar power by
using mirrors or lenses to
concentrate sun’s light energy and
convert it into heat
• The converted heat is used to
create steam to drive turbine that
generates electrical power
SOLAR PV SYSTEM COMPONENTS
TYPES OF SOLAR MODULES
MONO CRYSTALLINE
• Most expensive
• Maximum efficiency (18%~20%)

POLY/ MULTI-CRYSTALLINE
• Less Expensive
• Good efficiency (~16%)

THIN FILM
• Least Expensive
• Lest Efficient (~10%)
SOLAR PV SOLUTIONS AVAILABLE

CAPEX MODEL
• Purchase a land and install the plant by self
• Loan from Banks @ 8.5% per annum for a period of 5 years

SPV MODEL
• PPA with investor for a period of 15/ 25 years at a fixe tariff or
tariff with annual inflation rate
• As per Govt guidelines 26% investor mandatory by Power
purchaser to make plant captive and avoid cross subsidy
surcharge
SPV MODEL- SALIENT FEATURES
Investor installs the plant at its own cost by leasing out land invest 74%

Operation and Maintenance cost to be taken care by Investor

Power purchaser invests 26% in plant cost to make plant captive and avoid cross subsidy
surcharge

The power purchaser has to be bear the wheeling charges

Investor sign PPA with the Company for a period of 15/ 25 years
• At a fixed tariff valid for 15/ 25 years
• Tariff increasing at a fixed rate every year
 SOLAR PV- FINANCIALS (Fix Tariff)
No. of units produced in Cost of Solar Cost of Power from DISCOM Net Savings in Bill (INR) Cumulative Savings
a year Power (INR) (INR) (INR)
Year-1 260,00,000 ₹ 4.50 ₹ 6.50 ₹ 195,00,000 ₹ 195,00,000
Year-2 258,18,000 ₹ 4.50 ₹ 6.63 ₹ 227,19,840 ₹ 422,19,840
Year-3 256,37,274 ₹ 4.50 ₹ 6.76 ₹ 259,60,304 ₹ 681,80,144
Year-4 254,57,813 ₹ 4.50 ₹ 6.90 ₹ 292,21,802 ₹ 974,01,945
Year-5 252,79,608 ₹ 4.50 ₹ 7.04 ₹ 325,04,749 ₹ 1299,06,694
Year-6 251,02,651 ₹ 4.50 ₹ 7.18 ₹ 358,09,565 ₹ 1657,16,259
Year-7 249,26,933 ₹ 4.50 ₹ 7.32 ₹ 391,36,673 ₹ 2048,52,932
Year-8 247,52,444 ₹ 4.50 ₹ 7.47 ₹ 424,86,502 ₹ 2473,39,434
Year-9 245,79,177 ₹ 4.50 ₹ 7.62 ₹ 458,59,484 ₹ 2931,98,918
Year-10 244,07,123 ₹ 4.50 ₹ 7.77 ₹ 492,56,056 ₹ 3424,54,974
Year-11 241,63,051 ₹ 4.50 ₹ 7.92 ₹ 525,17,516 ₹ 3949,72,490
Year-12 239,21,421 ₹ 4.50 ₹ 8.08 ₹ 557,83,151 ₹ 4507,55,641
Year-13 236,82,207 ₹ 4.50 ₹ 8.24 ₹ 590,53,280 ₹ 5098,08,920
Year-14 234,45,385 ₹ 4.50 ₹ 8.41 ₹ 623,28,221 ₹ 5721,37,142
Year-15
232,10,931 ₹ 4.50 ₹ 8.58 ₹ 656,08,295 ₹ 6377,45,436
ASSUMPTIONS
• Annual Inflation considered @ 2% for the cost of Power from DISCOM. DISCOM tariff ₹ 6.5/ unit
• Solar Degradation of 0.7% per annum considered
• The annual maintenance cost increased @ 5% per annum
• Fix charges of ₹ 1.25/ unit considered for Open Access
 SOLAR PV- FINANCIALS
(Fix Tariff)
Period (Year) Cash Outflow Cash Inflow Net Cash Inflow
IRR 14.5% 0 ₹ 2080,00,000 -₹ 2080,00,000
1 ₹ 195,00,000 ₹ 170,32,357
2 ₹ 227,19,840 ₹ 173,33,471
3 ₹ 259,60,304 ₹ 172,99,365
4 ₹ 292,21,802 ₹ 170,08,559
5 ₹ 325,04,749 ₹ 165,25,228
6 ₹ 358,09,565 ₹ 159,01,564
7 ₹ 391,36,673 ₹ 151,79,757
8 ₹ 424,86,502 ₹ 143,93,686
9 ₹ 458,59,484 ₹ 135,70,328
10 ₹ 492,56,056 ₹ 127,30,954
11 ₹ 525,17,516 ₹ 118,56,203
12 ₹ 557,83,151 ₹ 109,99,796
13 ₹ 590,53,280 ₹ 101,71,048
14 ₹ 623,28,221 ₹ 93,76,625
15 ₹ 656,08,295 ₹ 86,21,061
TOTAL ₹ 6377,45,436 ₹0
 SOLAR PV- FINANCIALS (Escalating tariff)
No. of units produced in Cost of Solar Cost of Power from DISCOM Net Savings in Bill (INR) Cumulative Savings
a year Power (INR) (INR) (INR)
Year-1 260,00,000 ₹ 4.10 ₹ 6.50 ₹ 299,00,000 ₹ 299,00,000
Year-2 258,18,000 ₹ 4.18 ₹ 6.63 ₹ 309,29,964 ₹ 608,29,964
Year-3 256,37,274 ₹ 4.27 ₹ 6.76 ₹ 319,68,655 ₹ 927,98,619
Year-4 254,57,813 ₹ 4.35 ₹ 6.90 ₹ 330,16,217 ₹ 1258,14,837
Year-5 252,79,608 ₹ 4.44 ₹ 7.04 ₹ 340,72,796 ₹ 1598,87,633
Year-6 251,02,651 ₹ 4.53 ₹ 7.18 ₹ 351,38,539 ₹ 1950,26,171
Year-7 249,26,933 ₹ 4.62 ₹ 7.32 ₹ 362,13,594 ₹ 2312,39,765
Year-8 247,52,444 ₹ 4.71 ₹ 7.47 ₹ 372,98,111 ₹ 2685,37,876
Year-9 245,79,177 ₹ 4.80 ₹ 7.62 ₹ 383,92,245 ₹ 3069,30,121
Year-10 244,07,123 ₹ 4.90 ₹ 7.77 ₹ 394,96,147 ₹ 3464,26,268
Year-11 241,63,051 ₹ 5.00 ₹ 7.92 ₹ 404,87,285 ₹ 3869,13,553
Year-12 239,21,421 ₹ 5.10 ₹ 8.08 ₹ 414,82,096 ₹ 4283,95,650
Year-13 236,82,207 ₹ 5.20 ₹ 8.24 ₹ 424,80,676 ₹ 4708,76,326
Year-14 234,45,385 ₹ 5.30 ₹ 8.41 ₹ 434,83,121 ₹ 5143,59,447
Year-15
232,10,931 ₹ 5.41 ₹ 8.58 ₹ 444,89,529 ₹ 5588,48,976
ASSUMPTIONS
• Annual Inflation considered @ 2% for the cost of Power from DISCOM. DISCOM tariff ₹ 6.5/ unit
• Solar Degradation of 0.7% per annum considered
• The annual maintenance cost increased @ 5% per annum
• Fix charges of ₹ 1.25/ unit considered for Open Access
 SOLAR PV- FINANCIALS
(Escalating Tariff)
Period (Year) Cash Outflow Cash Inflow Net Cash Inflow
IRR 14.5% 0 ₹ 2080,00,000 -₹ 2080,00,000
1 ₹ 299,00,000 ₹ 261,07,330
2 ₹ 309,29,964 ₹ 235,80,985
3 ₹ 319,68,655 ₹ 212,81,300
4 ₹ 330,16,217 ₹ 191,90,769
5 ₹ 340,72,796 ₹ 172,92,751
6 ₹ 351,38,539 ₹ 155,71,529
7 ₹ 362,13,594 ₹ 140,12,333
8 ₹ 372,98,111 ₹ 126,01,346
9 ₹ 383,92,245 ₹ 113,25,695
10 ₹ 394,96,147 ₹ 101,73,429
11 ₹ 404,87,285 ₹ 91,05,893
12 ₹ 414,82,096 ₹ 81,46,215
13 ₹ 424,80,676 ₹ 72,84,132
14 ₹ 434,83,121 ₹ 65,10,261
15 ₹ 444,89,529 ₹ 58,16,032
TOTAL ₹ 5588,48,976 ₹0
 SOLAR PLANT 20 MW- SPV MODE

Plant Capacity- 20 MW
Investment of Power Purchaser (26%) ~21 crores
Plant Installation & Maintenance by Investor
Power cost ~ ₹ 4.5/KWH + ₹ 1.25/KWH (charges)
IRR for 15 years for Power Purchaser ~ 14.5%
Investment recovery ~ 7 years
 CONTACT US
ENERGIA VERDE ASSOCIATES
Gurugram-122001
Haryana, India

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