Frequently Asked Questions on Solar Power

Solar Power industry in India is gaining more and more prominence with each passing day. The domestic/off-grid industry is picking up speed too. Owing to the queries we are receiving regarding the various issues pertaining to Solar Power Plant setup, we thought it would be a great idea to put together a bunch of questions and answer the same. We shall keeping adding to the list as we keep receiving more queries. So, here are the most Frequently Asked Questions and our answers for the same. Do let us know in case you would like us to answer any more questions. Also, kindly point out any inaccuracies/mistakes that you may find here so that we can correct the same for the benefit of everyone. We have tried our best to provide the best and most accurate information. However, inputs or responses to questions from other industry experts are encouraged and extremely appreciated.

[Update - 31-08-2014: The FAQs page has been updated. CERC Benchmark Cost and related details have been updated from 2013-14 figures to those of 2014-15.] 

 

 

General

How much land is required to setup a 1MW solar power generation Unit?

The land required for a 1 MW power plant setup is around 4.5-5 acres for Crystalline technology and around 6.5-7.5 acres for Thin-Film technology. This is only a rough benchmark and may vary based on technology and efficiency of panels.

 

What is the life-time of a typical Solar Power plant?

The useful life of a typical Solar Power plant is considered to be 25 years. This is the duration for which long-term PPAs are signed and financial models are built. However, Solar Power plants can run beyond 25 years while producing a lower output. Many Solar Panel manufacturers guarantee an output of 90% at the end of 10 years and 80% at the end of 25 years.

 

What is the annual energy generated from a 1 MW Solar Power plant?

The usual benchmark for energy generated from a 1 MW Solar Power plant is considered as 1.5 Million units. This is only a benchmark and should not be considered as the actual output for a given location. The amount of actual energy generated from a Solar Power Plant in an year depends on both internal and external factors. External factors which are beyond the control of a Solar developer can include the following:

  • Number of sunny days
  • Solar Irradiation
  • Day Temperatures
  • Air Mass

The output also depends on the following internal factors all of which are within the control of a Solar Developer:

  • Plant Location
  • Usage of Solar Tracking systems
  • Quality of equipment used
  • Workmanship of the EPC contractor
  • O&M activities

 

What are the various modes under which we can setup a Solar Power plant?

The various modes under which a Solar Power plant can be setup depends on the specific requirement. All the following are valid modes and the costs for each kind of system varies based on various factors:

  • Off-Grid Captive Consumption for domestic premises
  • Off-Grid Captive Consumption for commercial premises
  • Grid Connected (Net Metered) Captive Consumption for domestic premises
  • Grid Connected (Net Metered) Captive Consumption for commercial premises
  • Sale of Power generated to local Distribution Company (DISCOM)
  • Sale of Power generated to 3rd Party consumer (Industry or Commercial entity)

 

What is the cost of setting up a Rooftop Solar Power plant for domestic or commercial use?

Rooftop Solar Power plants can be broadly categorized into Battery-based and Non-Battery based systems. The benchmark cost set by MNRE for the year 2013-14 for these systems are Rs.90-100 per W for Non-Battery based systems and Rs.170-210 per W for Battery-based systems. More details can be accessed on the following MNRE webpage: http://mnre.gov.in/file-manager/UserFiles/amendmends-benchmarkcost-aa-jnnsm-2013-14.pdf

 

What size Solar Power plant is required for domestic or commercial use?

Identifying the Solar Power plant size for your domestic or commercial premises depends on the following factors:

  • Wattage of appliances to be run on Solar
  • Monthly energy consumption from these appliances
  • Energy Backup or Days of Autonomy required
  • Roof space available for plant setup

Based on these factors, the power plant sizing can be accordingly done at your end.

 

 

Permissions and Bank Loans

What permissions/clearances are required to setup a Solar PV Plant?

A certain set of permissions need to be obtained and documents need to be submitted in order to setup a Solar PV plant. While these may vary from state-to-state, in order to get a Solar PV Project Accredited by AP State Load Dispatch Center (AP SLDC) for REC mechanism, the following are the statutory clearances and environmental clearances to be furnished:

    1. Industrial Clearance
    2. Land conversion (Agricultural to Non-Agricultural)
    3. Environmental Clearance Certificate from APPCB, Hyderabad
    4. Contract labour license from AP Labour Department
    5. Fire Safety certificate from AP Fire Department
    6. Latest tax receipt from the Municipal/Gram Panchayat for the factory land.
    7. Auditor compliance certificate regarding fossil fuel utilization
    8. Approval from Chief Electrical Inspector
    9. Clearance from Forest department

Also, all necessary approvals/agreements before start of Solar PV project construction are to be furnished as and when necessary. These include the following:

    1. Land purchase
    2. Power Evacuation arrangement permission letter from DISCOM
    3. Confirmation of Metering Arrangement and location
    4. ABT meter type, Manufacture, Model, Serial No. details for Energy Metering.
    5. Copy of PPA (important as Preferential PPA projects are not eligible for REC mechanism)
    6. Proposed Model and make of plant equipment
    7. Undertaking for compliance with the usage of fossil fuel criteria as specified by MNRE
    8. Details of Connectivity with DISCOM
    9. Connectivity Diagram and Single Line Diagram of Plant
    10. Details of pending court cases with APERC, Supreme Court of India, High Court of A.P. or any other courts
    11. Any other documents requested by AP SLDC

While these are the documents that AP SLDC requires for REC project accreditation, these are typically the clearances/documents required in general for a Solar PV project.

 

Can Solar Power developers avail loans from banks for Solar Power plant setup? What is the loan % and what criteria does a bank/lending institution look for?

There are 2 kinds of Financing mechanisms that are usually discussed – Recourse Financing and Non-Recourse Financing. Recourse Financing requires collaterals and other extensive guarantees from the Solar developer who wishes to avail loan. Non-Recourse Financing, on the other hand, does not require any additional collateral as the Asset or Power Plant itself is the collateral in this case. Recourse Financing is the prevalent mechanism in India currently owing to lack of confidence of banks in the Power and Solar Power sector. The typical Debt-Equity Ratio (Loan to Investment Ratio) for Solar Power plants is 70:30. And the typical collaterals required for a 70% project cost loan could be in the range of 40-60% project cost. This, however, varies from bank to bank as each bank has its own risk perception/mitigation strategy, exposure targets to various sectors and Non-Performing Asset (NPA) limits.

 

 

Setup Costs and Power Sale Tariff 

What would be the total project cost excluding the cost of land?

Total project cost per MW would be in the range of Rs.6.5 Crores-Rs.8 Crores depending on the kind of technology you are using, whether or not you are using tracking systems, the kind of EPC Contractor you choose for power plant system etc. CERC recently announced the benchmark tariff for setup of Solar PV and Thermal Plants in India. Here are the links to the documents containing more details: http://www.cercind.gov.in/2014/orders/SO353.pdf and http://www.cercind.gov.in/2014/orders/SO354.pdf

The table below indicates CERC determined benchmark cost for Financial Year 2014-15.

CERC benchmark Cost for Solar PV for 2014-15

 

What would be the O & M cost?

Central Electricity Regulatory Commission (CERC) benchmark costs for O&M is Rs.12.3 lakhs/year/MW for 2014-15 with a 5.72% increase every year. This varies from project to project based on the number of people you employ for maintenance, frequency of cleaning of panels, onsite-engineer availability etc.

 

What would be the per unit expected sale price?

This depends on the mode of sale of power and the consumer of power.

  • In the case of sale of power to DISCOM, the prevailing Average Pooled Power Purchase Cost (APPC) will be applicable.
  • In the case of sale of power to 3rd Party consumer, a mutually agreed price can be agreed upon and accordingly a PPA can be signed.

It is to be kept in mind that several additional charges such as Wheeling Charges, Distribution Charges, Open-Access Charges, Cross-Subsidy Charges are applicable in the case of sale of power to 3rd party. These charges vary from State-to-State and DISCOM-to-DISCOM and even based on voltage levels.

 

 

RECs and Carbon Credits (CERs)

Which kinds of Solar Power plants are eligible for REC benefits?

Solar Power Plants need to be Grid-Connected on order to avail REC benefits. Though there have been recommendations on multiple occasions that Off-Grid Solar Power plants be made eligible for RECs, the proposal is still under discussion. Solar Power plants setup under the following 3 modes are eligible for REC benefits:

  • Captive Power plants
  • Sale of power to Govt. at APPC
  • Sale of power to 3rd party at mutually agreed price

Captive Power Plants are eligible for RECs subject to the condition that Concessional/Promotional Transmission or Wheeling Tariffs and/or banking facility benefit are not availed. Also, Solar Power plants setup under Preferential Tariff schemes are not eligible for RECs. Check out more information on RECs on our REC page here – http://efficientcarbon.com/services/energy/renewable-energy-certificates

 

Is there a minimum size for Solar Power plants to be eligible for RECs?

As per the Second Amendment of REC Principal Regulations – 2013, there is no lower limit for Solar Power plants to be eligible for RECs. Though it previously stated that 250 KW is the minimum size for Solar Power plants to be eligible for RECs, the same has been removed as part of the above stated amendment.

 

Can CDM benefits (Carbon Credits) be availed for a Solar Power plant?

Yes. REC Mechanism and CDM are mutually exclusive and hence a power developer can claim CDM benefits (Carbon Credits) also. However, it is to be noted that the current trading prices of Carbon Credits or Certified Emission Reductions (CERs) at the European ETS system is less than 0.7 Euro which are pretty low compared to the 15-20 Euro trading prices a few years back. At these prices, getting a Solar project registered under CDM mechanism does not make any sense as the payback for the expenses in the process itself takes several years. Unless the Solar Power Plant is of size 10 MW or more it does not make financial sense to go for Carbon Credits (CERs).

 

 

Benefits for Solar Power plants

What kind of Central/State benefits are available for Solar Power plant setup?

Solar plants can be categorized into 2 broad categories – Grid Connected and Off-Grid plants. The usual Govt. support available for an Off-Grid plant is a Capital Subsidy of 30% on the project cost upto a maximum size of 500 KW. This can be claimed by the Manufacturer/Supplier/EPC Contractor (should be an MNRE accredited supplier) on behalf of the customer. The list of MNRE accredited suppliers (all across India) can be downloaded from http://mnre.gov.in/file-manager/UserFiles/list_channelpartners_sp_jnnsm.pdf

Subsidy is not available for Grid Connected plants that engage in sale of power either to the local DISCOM or a 3rd party. Following are the benefits a Solar Power Developer involved in Sale of Power Generated can avail:

  • Accelerated Depreciation – Upto 90% of asset value with 80% depreciation allowed in the first year.
  • 10 years Tax Holiday – Tax holiday can be availed for 10 years during which time Minimum Alternate Tax is still applicable (19.9305%) which can be offset against tax payable later.
  • Other State specific exemptions which vary from state to state.

 

Can Accelerated Depreciation benefits be claimed by Solar Power Developers?

Yes. Accelerated Depreciation benefits can be claimed by Off-Grid and Grid-Connected Solar Power Developers in order to offset taxes on profits from their connected businesses. Typically, 90% depreciation is allowed with 80% allowed in the first year.

 

Can Capital Subsidy be claimed for a 1 MW Solar Power plant (or greater size)?

No. Capital Subsidy cannot be claimed for plants beyond 500 KW size. Also, capital subsidy is made available only to Off-Grid and Decentralized Solar Power applications and not Grid Connected Plants that are in the business of selling the generated power.

 

Is there any subsidy available for Solar Power plant setup?

Capital Subsidy of 30% is applicable only for captive power plants up to 100 KW. Subsidy will not be applicable in case of sale of power.

 

 

Setting up Solar Power plant in Andhra Pradesh

We would like to setup a Solar power plant in Andhra Pradesh but we have not participated in AP solar bidding. What are the other options?

Since you have not participated in AP Solar Bidding, one other way would be the REC route. You can sell the generated power to APTRANSCO or third party consumer. Through this route, you sell power to APTRANSCO/third party and also claim RECs for the same. This way, you will be able to get a base tariff (APPC) from APTRANSCO and then additional revenue can be generated through sale of Solar RECs. However, it is to be kept in mind that the following additional benefits may be availed for a Solar PV Project commissioned before June 2014 subject to the condition that REC benefits are not availed (in case of Captive Generating Plants and Plants setup under Preferential Tariff basis):

  • Exemption from  Electricity Duty
  • Exemption of Wheeling Charges, Transmission Charges and Cross-subsidy Charges
  • Refund of VAT
  • Refund of Stamp Duty and Registration Charges for purchase of land

However, it has to be kept in mind that REC revenue is market driven and can fluctuate as both demand and supply are pretty low on Solar front right now. Kindly refer to our monthly newsletter – REChronicles (http://efficientcarbon.com/services/energy/renewable-energy-certificates) – for more and up-to-date information on the REC market.

Download documents relevant to Andhra Pradesh Solar Policy here –http://nedcap.gov.in/PDFs/2012ENY_MS39.pdf
http://nedcap.gov.in/PDFs/Amendment_to_AP_Solar_power_policy.pdf

 

 

Miscellaneous

I have land and some company posted that they are looking for people having land and ready to invest about Rs.10 lakhs. Can I go ahead with this investment?

It is difficult to comment much without more information about the company. However, it is advised to check the company’s track record to understand the company’s previous projects and the revenues/returns from such projects. A couple of things that you might have already understood from the info on this FAQs page is that a typical good quality Solar PV Power plant required Rs.6.5-8 Crores for setup. In line with this, the investment of Rs.10 lakhs you have been asked to make comes to around 1.5% of total project cost which is not much. If your land also has certain value, that can be factored into your equity contribution to the project. While we am not sure about the promise made by the company to you in terms of returns, kindly make sure that your investment has been duly considered in project equity and the associated returns. Also, it is possible that there are several other investors such as you who might be investing in the project. You might ask the company details regarding the same. Following are a few more things you can ask the company to provide:

  • Is the entire project equity funded from investors such as you? If ‘Yes’, who are the other investors? If ‘No’, what is the debt portion, where is it coming from and what is the interest rate?
  • Where is the project going to be setup?
  • Who is the power sold to and at what price is it being sold?
  • What are the yearly estimated revenues and returns?
  • When would you as an investor start making money (important as payback period is reasonably high for Solar Projects)?

As an investor, you have every right to know the answers to these questions. Kindly evaluate all scenarios and clarify all you queries before making such an investment.

 

2,729 thoughts on “Frequently Asked Questions on Solar Power

  1. ANSHUMAN SHRIVASTAVA

    Dear All,

    Solar industry is getting pace due to budget-16 declared by Finance minister.
    Why to invest in solar in FY 2016-17.

    1) 100% foreign investment in Equity.

    2) Under Section 80-IA of the income tax act 1961, the central government provide a 10-year tax holiday to system owner to power generator( Investment should be in third party consumer )

    3)Solar Power generation project have the option of profiting from Accelerated Depreciation benefit by the central government ,as per section 32 of the income tax act 1962, Companies can use this to substantially reduce tax burden in the first few years of the project . up to 100% of the Project cost ( 80% accelerated depreciation and 20% additional depreciation. Note – Limit of Accelerated Depreciation for Fy 2017-18 capped to 40% from 80%.( Project must be commenced before 31 March for getting 80% benefit).

    4) The central Government has mandated concessions and exemptions on specific materials imported for manufacture of solar power generation products as well for use in solar power generation projects.

    We are bankable/ MNRE empanelled EPC company .
    Kindly contact for Solar roof top power plant in your industry with or without investment and for investment in good rated manufacturing industrial units in MIDC Maharashtra , Delhi NCR .

    Regards
    Anshuman Shrivastava
    09028012464

    Reply
  2. Ilesh

    Dear all,

    We are planning to establish Solar Project in Gujarat and Karnataka with minimum capacity of 10 MW. Currently we do not have PPA and searching for the same.

    If anyone interested to purchase energy, reply us via mail : ilesh.jadav@goglobal101.com

    Thanks & Regards,
    Ilesh Jadav

    Reply
  3. Vikas

    We are looking for a private PPA with A rated company. Need to fulfill below conditions :

    1) PPA Rate : Above 5.5 Rs/ Unit
    2) Company Rating : A Rating
    3) PPA tenure : 20 Years Min

    Please call me at 8319401214

    Reply
  4. Arpit Jaiswal

    Please provide your email id and location we can provide you detail
    proposal or send your email at vasa.enterprise9@gmail.com

    Rooftop Solar PV System -
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    Arpit Jaiswal
    9455004100
    Kotak Solar pvt ltd(distributor)
    Lucknow

    Reply
  5. Ankineedu.k

    Dear All,

    {bcc : All team members}

    As the solar market in India matures, Solartown envisions to have its footprint across the entire value chain. In accordance to this, we are creating three separate entities as below

    a) Solartown Energy Solutions Pvt Ltd : Solartown will be a pure-play solar developer catering to markets worldwide.

    b) Omorose Technologies Pvt Ltd : Omorose technologies will develop technology based solutions for the solar market place apart from providing installation/commissioning/OnM services across solar developers

    c) Aspiration Energy Ventures Pvt Ltd : This venture will provide provide funding for renewable technologies across the spectrum

    Keeping in mind the above changes, Below is the Org re-structuring plan

    Solartown will have the below departments

    a) Sales – Rajagopal will lead this team for TN/Karnataka
    b) Design – Himanshu will lead this team
    c) Operations – Yet to hire, Ramaraaj is the temporary stop-gap in charge
    d) PMO – Ramaraaj will move into this role shortly, We might add extra folks to this team depending on growth plans

    Omorose technologies will have the below departments

    a) Project Management/Construction/Service – Vignesh will lead this team, Basis expansion plans and projects under execution – We will beef up the team
    b) Hardware/Software development – Yet to hire
    d) Sales – Richard will lead this effort

    The accounting and finance teams will be shared for the above two organizations. This transition of team members will be complete by Dec 2016

    Aspiration Energy Ventures Pvt Ltd : This will be a separate entity with pure-play project finance team

    Reply
  6. Anshuman Shrivastava

    Dear All,

    Investment opportunity in solar roof top power plant in Maharasthra.

    Consumer Type- We known “A” rated manufacturing unit

    Client Location : Kolhapur , Maharashatra State, India

    Project Capacity: 400 kWac OR 413.440 kWp ( 200 kW on two adjoining industrial sheds)

    Project Financials : ₹ 5.20 / unit with an escalation of 2% per year for 15 years

    Securities: 3 months yield in the form of a deposit rolling for the period of the project

    Yield Guarantee: 1400 kWh/kWp OR 5,60,000 units per year based on a P90. Yield on site is expected to be at 1562 kWh/kWp OR 617, 342 units per year as per the report attached.

    EPC Cost: ₹ 53/ Wp OR ₹ 2,19,12,320
    BOM- Module- Trina and Equivalent
    Inverted – Delta and Equivalent

    Government incentives for investor-
    . Investor can use this to substantially reduce tax burden in the first few years of the project up to 100% of the project cost (80% accelerated deprecation and 20 % additional depreciation).

    Kindly contact for more details .

    Regards
    Anshuman Shrivastava
    09028012464
    anshumanshrivastava2014@gmail.com

    Reply
  7. KOTAPI VIJAYA SARATHI

    Dear All
    Any body require TIN registration OR VAT registration KARNATAKA OR ANY statutory Registration

    Please Call
    K.S. Vijayasarathi
    9341313480

    Reply
  8. Srikumar

    We provide Roof Top Solar PV Solutions for Residential, Commercial, Institutional and Industrial requirements. We offer the Solar PV Plants at very affordable rates for CAPEX installations and also offer OPEX/PPA/BOOT models for Residential Apartment’s, Commercial Complexes, Educational Institutions and Industrial segments.
    We would be happy hear from you and work with you on any of your Solar Power requirements in a manner which is mutually beneficial to all concerned.

    Srikumar
    +91 9710608264

    Reply
  9. Kumar

    Dear sir/Madam. We are developing private solar park in Karnataka, we are in need of third party PPA, it should be an good rated company. PPA rate should be more than Rs 5.80. Locking period min 10 years
    With the escalation of min 2% per year and as per KERC guidelines. We have got investment, all requisite infrastructure for supply of power through open access. Genuine players can contact. Thanks regards Kumar 9842209181

    Reply
  10. JP GUPTA

    We are designer, supplier, installer, and commissioning of solar plant from 1KW to 100 MW. We did 102 MW till now and our special attribute is that we give you energy supply for 24 hours and all 365 days thru solar integrated flow battery which last for 30 years and cost of this project is much less than any other project in this world.
    Our solar plant life is also 30 years. We have land parcel available from 6 acres to 600 acres at number of states. We accept all currencies and done in the past. Our another email is solarenergycalifornia@gmail.com and can be reached thru 9004904449 or 9222516444. Interested company can contact for above requirement.

    Reply
  11. Ankineedu.k

    Good Morning sir
    If you have intrest to invest in our organisation
    Currently three projects in telanga
    1)1 MW plant ready to sale.
    2)Bio_ massively to power generation project 65 crore.
    3)220 crore solar plant ready to sale.
    And 10mw project to agreements process asap.
    Otherwise any investers intrest to solar projects.
    Please information to Us.
    Contact no :7331179037,
    9505948484
    Mailid :Ankineedu.k@outlook.com

    Reply
  12. Ankineedu.k

    >>>>>> It had Special mention for stead-fast & un-deterred work by: Harish & Vijay Amritaraj! – they were seeking to
    >>>>>> learn,
    >>>>>> take responsibility and
    >>>>>> remain accountable! Kudos & wish them fast growth!
    >>>>>> All of them excelled in their approach, patience, and methodical grouting technique and water-sealing products & process selection and job execution
    >>>>>> Your Team Heads too took interest.
    >>>>>>
    >>>>>> Erection of substructure:
    >>>>>> detailed pre-document approach plan provided & updated continuously
    >>>>>> several open discussion with Investor (myself) – each resulting in improvement
    >>>>>> even some improvement proposals while erection/grouting were implemented even with reversal of pre-stages completed
    >>>>>> ultimate job plan & execution was aimed at “not destabilising” terrace integrity
    >>>>>> Your Installation team worked tireless, even at odd & late hours – a pains taking process, Well appreciated
    >>>>>> lot of Lessons Learnt! – hope all were documented!
    >>>>>> Panel mounting & connecting:
    >>>>>>
    >>>>>> Was a quick phase
    >>>>>> Wiring and connectivity/syncing to MES system well done & neat – area to improve
    >>>>>> Interfacing with Govt Power sector – a sticky ground – will often reflect on Solar Town ?!
    >>>>>> Need Govt clearance to market – buy “2-way net meter & calibrate by TNEB” – avoid above
    >>>>>>
    >>>>>> Final / Last mile: Post Insallation Service calls:PMS
    >>>>>> the 2 year PMS is good offer- needs to be 4 quarter peer year calls Or seasonal/weather based
    >>>>>> Very prompt Staff to take service calls
    >>>>>> Staff visit site and trouble shoot failure of online upload to of Inverter website
    >>>>>> Recurrent failures too well attended. (Palani & Vasu team to be appreciated!)
    >>>>>>
    >>>>>> Special mention about HR strength:
    >>>>>> Solar Town will stand & prove mainly by the dedicated Staff/Engineering team having sound engineering talent and willingness to learn/update and to improve!
    >>>>>>
    >>>>>> As a special mention: I wish Harish Palani, Vijay Amritaraj, in particular a brighter future and growth.   
    >>>>>>
    >>>>>> I am willing to provide Solar Town, anytime any other testimonial that would help you in your pursuit!
    >>>>>>
    >>>>>> Wish Solar Town a bright & fast growth in this Eco-serving Industry!
    >>>>>>
    >>>>>> Best wishes,
    >>>>>>
    >>>>>> K.V.Raghavan
    >>>>>> New No: 38, RUKMANI
    >> SolarTown Energy Solutions Pvt Ltd

    Reply
  13. Ajith Babu

    Hi,

    I have 2 acre land near Bangalore I want to set up solar power plant give me complete details I can invest upto 10 lakh by this how much I can earn please assist me with complete details
    Thanks in advance

    Ajith
    9663911153

    Reply
  14. Ranbir Ghosh

    Karnataka eases on open access policy by giving exemptions on Wheeling, Banking and cross subsidy charges.
    Marg energy solutions is planning to build a 100 MW utility scale PV Solar Park in Karnataka under open access policy.
    Solar power investors/developers interested in open access 3rd party PPA can write to me.
    ranbir.ghosh@gmail.com

    Reply
  15. Padmanaban

    Dear Sirs,

    We in need of investors who is interested in 500kw and above Solar Power Projects in Tamilnadu. Quality is the key in our Solar Power Project. So clients can enjoy hassle free ROI. Serious people only contact us. Client in Tamilnadu will be given first come first basis.

    Regards
    Padmanaban
    +91-98942-82030.

    Reply
  16. K.S. Vijayasarathi

    Dear Sir,

    We have groundmounted Solar projects in Karnataka

    30+30

    PPA Rate per Unit 8.25

    Project is ready with necessary approvals.

    Sharing Basis 2.50 Paise to Farmer

    5.75 to Investor

    30% subsidy from Government( Investor)

    Outright sale ( With land) 2 Cr per Meghawatt

    Goodwill 5 Cr for 30 Meghawatt

    Facilitation charges 10 Lakh per Meghawatt

    All terms and condition are negotiable

    If you are interested, please sign NDA , NCA,

    We will provide all details

    lease mention your Mobile no

    For any clarification please feel free to contact

    9341313480

    Thanks

    K.S. Vijayasarathi

    Attachments area

    Reply
    1. Dineshkumar

      Hello sir, i am a civil engineer, i am willing to start solar energy business. but i am not have any financial backround. but i have more interest in this renewable energy concept. please contact me.

      Reply
  17. Padmanaban

    Dear Sirs,

    A developer, unable to differentiate between the EPCs on quality or credibility, hence ends up choosing on cost alone. Well, an upfront savings of 40-50 lakhs/MW does sound too enticing to refuse, doesn’t it?

    It does, but not if you are able to juxtapose these savings with the likely looses you will suffer over the next 25 years. Losses that happen because the EPC quoting a very low price could have made a number of compromises in order to accommodate the low price.

    We have encountered cases where just 6 months into production, there have been cases of corrosion in some of the mounting structures and some of the arrays simply were not upright anymore! This alone resulted in a decrease in annual output of about 2 lakhs/MW for the power plant.

    The developer in this case had probably saved 50 L on the capital cost, but look at what his loss had been:

    Initial cost savings

    50 Lakhs

    Revenue Loss in 10 Years

    140 Lakhs

    Revenue Loss in 25 Years

    350 Lakhs (3.50 Cr)

    A few lakhs more initial expenses or a fer Crores of losses decide by yourself.

    Kindly contact for setting up good quality solar power plant in Tamilnadu.

    Regards
    Padmanaban.

    Reply
  18. Ankineedu.k

    1. CAPEX – based on structure – if it is Roof Mounted -
    2. OPEX – Rs.6.50 @5 % Esc for 20 years with 5 % ( from CAPEX Cost) Security Deposit (need Documents)
    3. LOAN – 30 % Upfront Investment – 70 % Loan ( need documents)
    We Are The Fastest Growing Company In India, We have Five Branches.
    Contact no.07331179037
    E.mail: Ankineedu.k@outlook.com

    Reply
  19. M.L. Pawar

    Land parcel (Contiguous land) for Solar Power Project available for sale at very cheap rate in Dist: Betul (Madhya Pradesh)

    Dear All,
    We have land parcels for selling at very cheap price near Multai, District Betul (Madhya Pradesh).
    As we know, Solar Power is future and all states will develop and invest in Solar projects, either within Solar Park or outside the Solar Park (Open Category). At present Madhya Pradesh has not issued any tender for open category but down the line multiple open tenders will come, and hunt for land will be started at last moment.
    So, it’s better to buy the land at present at very cheap price to avoid future escalated cost. In southern side of Madhya Pradesh, only few areas are having less productive (Barren Land), which can be bought by Firms to be secures against land risk. In Betul district, 4-5 areas are there, where investor can buy the land. We have all records and details of those lands. In last three months 2-3 Firms from Mumbai and Hyderabad have been visited to us for purchasing these lands and agreements are at various stages.

    About Betul District:
    Betul is one of the most peaceful districts in MP. People are dependant mainly on agriculture. This district never had any industrial strike or issues at all. People are very friendly simple and supportive. Developers won’t face any issue from local people in this district. (Except few minor, this may arise at anywhere).

    Land Parcel Locations:
    At present, we have three Land Parcels are available near Multai (which is a Tehsil under Betul). All the land is flat, contiguous and no tree or any other issues. Multai is among the main railway station in between ITRASI & NAGPUR railway route. Multai is situated at4 lane Nagpur Betul (NH-69).
    a) Land Parcel Area: ~ 250 Acres (5 KM from NH 69, nearby road 300 mtr and ~ 8 KM from Substation)
    b) Land Parcel Area: ~ 150 -200 Acres (12 KM from NH69, neaby village road 1 KM and ~ 2 KM from Substation)
    c) Land Parcel Area: ~ 200 Acres (2 KM from NH69 and ~ 12 KM from Substation)

    Land Parcel cost:
    We were in business of small land sale/purchase and with the help of lawyers we resolve related issues of farmers, but as solar market evolved, we can cater the larger land parcel requirements also. We work on cost plus method as well as lumpsum method.
    a) For cost plus, we charge 10% of the sale deed / AGPA value of the land Sale deed shall be made between developers & farmers).
    b) For lumpsum price basis, the tentative prices shall be Rs. 2 Lac to Rs. 2.5 Lacs per acre.
    Note: Above charges excludes, documentation charges, stamp, registry, govt, mutation, NA, due diligence, leveling, cleaning etc..
    All documents and registration etc of our firm etc shall be made available on the requirement basis.

    Thanks & regards,
    M. L. Pawar
    (LIC Agent / Ex- Janpad adhyaksh)
    Add:- Pro. Payal Footwear, Nagpur Naka, Multai,
    Distt. Betul (Madhya Pradesh), Pin Code:- 460661
    Contact no.: 09424461409 / 08959395776
    Email ID: mlpawar.payal@gmail.com

    Reply
  20. Ajay Kumar

    We are interested in PPA and Investment upto USD 50 Mns in Solar Projects.
    Investors In India from next week for a week.
    Kindly send full details of the project and diff approvals in my email id as
    We also have our own Award winning Innovative Solar Tree which can also be installed for consumers in the same rate as Rooftop and gr mounted but with 20% higher efficiency. This Solar Tree has Won two National award in Last 4 Months.

    cto@titlisindia.co.in

    BR
    Ajay

    Reply
  21. Padmanaban

    Dear Sirs,

    This is Padmanaban from PJ Enterprises, Tamilnadu. Investor need to earn profit in this Solar Industry can call me and clients in Tamilnadu are given first preference. We are also deals with Govt. PPA and Third Party PPA. Serious people and start the project immediate only contact me. We also contacted by most of the persons through this blog but still there is lack of good clients.

    Regards
    Padmanaban
    +91-98942-82030.

    Reply
  22. K.S. Vijayasarathi

    Dear sir,/ Industry financiers,

    Great oppertunity for financiers & Equity holders( 100 % finance should be put to schme by investor)
    PPA rate 8.25 per Unit under central schme in Karnataka ( Gescom)
    40 MW PPA is ready with land and all approvals.
    Those who are interetsed can contact with financials of investing company.
    serious people can contact
    solar benefits can availe
    Urgent, urgent, urgent,

    Contact person( K.S. Vijayasarathi)
    9341313480

    Reply

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