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.

 

721 thoughts on “Frequently Asked Questions on Solar Power

  1. dinesh singh bhati

    I want to establish a solar power plant in 18 km west from jaisalmer on a 5 acre barren land on road and 20 hectare barren land at mohangarh in jaisalmer district , I will only provide land , if there is any govt/private organization or any agency which is interested in dealing with me what are their terms and conditions and how I will be benefitted in a month approximately separately on both the sites ? will rajasthan govt . provide me any subsidy plz mention the conditions .
    thanks .plz reply as soon as possible.

    Reply
  2. dinesh singh bhati

    I have 5 acre barren land at mohangarh near jaisalmer , I want to establish a solar power plant , if any organization which is interested in dealing with me , I can only provide land , what are their conditions ? how can I be benefitted from this deal in a month approximately ?

    Reply
  3. dinesh singh bhati

    I have 25 bighas land which is 18 km west from jaisalmer on the road , I want to establish 1mw solar power plant on this land , if any organization or company is interested in this deal , so how can I be benefitted from it .
    note- I will only provide land , I will not invest a single penny.

    Reply
  4. Capt. Michael Fonseca

    I am associated with Solar Power Generating manufacturers from Taiwan, Hong Kong, China, Europe and U.S.
    At the moment we are workingon a tender for Congo Govt. and will also have presence in Nigeria, Benin and Burkina Faso later.
    Since set up costs are extremely expensive and is hindering companies from setting up their own power generating solar plants, we have tied up with Finance Companies, who will study your present consumption and based on the rooftop and open space available in your unit, will finance your set up.
    Your repayment will be on units consumed, just like your electric bill and based on your consumption over the years, the unit becomes yours to keep, once the financiers receive their capital, interest, O & M costs for all those years they were running the plant for you.
    Financiers will however need some information from you on your unit and will accordingly lend the finance.
    For further details;
    You can contact me on email: mikensesame@gmail.com
    Capt. Michael Fonseca ( Master Mariner)

    Reply
  5. Srikanth

    Hi, I am interested in solar power plant. We have the capability of initial investment up to 15 Lakhs. We are interested in below 1MW power. Please provide some details how much cost it will and is it profitable or compensate the initial investment gradually.

    Reply
  6. safari johnson

    Am from Rwanda(east Africa) I want to invest in solar enargy for at least minimum of 5mw which companies can I contact for this business? My phone numbers are. +250788303443/ +250722303443

    Reply
  7. Capt. Michael Fonseca

    I am associated with Solar Power Generating manufacturers from Taiwan, Hong Kong, China, Europe and U.S.
    Since set up costs are extremely expensive and is hindering companies from setting up their own power generating solar plants, we have tied up with Finance Companies, who will study your present consumption and based on the rooftop and open space available in your unit, will finance your set up.
    Your repayment will be on units consumed, just like your electric bill and based on your consumption over the years, the unit becomes yours to keep, once the financiers receive their capital, interest, O & M costs for all those years they were running the plant for you.
    Financiers will however need some information from you on your unit and will accordingly lend the finance.
    For further details;
    You can contact me on email: mikensesame@gmail.com
    Capt. Michael Fonseca ( Master Mariner)

    Reply
  8. Muralidharan.V

    Wishing all the readers , Team members and those who promote Solar Power as clean energy source a Happy Diwali !!

    Reply
  9. Amit

    Dear consultants,
    Can Solar Plant be less than 1 MW capacity ? If yes , what should be the capacity ?
    I am a land owner and wants to start with Solar Plant with less than 1 MW capacity. Is it possible ?
    What will be the cost of investment in this case ?
    When and what will be the return on investments ?
    Can the plant capacity be increased gradually ?
    Awaiting answers …
    Thank you.

    Reply
  10. Arun

    My name is Arun kumar From Nizamabad ,Telangana State,I have completed B.tech (EEE) interested in solar start-up plant , we have land near to 33/11kv substation in our area, can you send us financial assistance (bank loan , we cant afford crores) details for set-upping 1 MW , subsidiary for OBC category and how much profit will come and bank repayment interest rates.
    Contact me:arun.panchareddy@gmail.com

    Thank You

    Reply
  11. ANSHUMAN

    Dear All,

    We are industrial consultant based in Pune . but our work geography is across the country. We assist our clients for solar power plants, food processing plants , hydropower plant, sme plants and other projects as per their interest, financial strengths, viability of projects and availability of resources ,

    The most Important steps in the projects are analysis of Viability , feasibility and financial strength of developer.
    As a Industrial consultant behalf of customer we find out different opportunities and their positive and negative factors in their respective states and geographies.For solar power Plant we provide following Services.

    Reply
  12. VKJ

    Dear Sir,

    Im really very interested into join the solar territory with small scale investment like 100kw at starting.
    Pls send me the details what kind of arrangement I have to do for implement this plant.
    1)Procedure
    2)Required Fund
    3)Required Land
    4)Subsidy Of Government as latest by 2014-2015
    5)Banking Finance up to what limit & Yearly interest rate.

    Reply
  13. phani

    Sir,

    I am an engineer and looking to start a small business, I see a lot of potential in solar plants but will not be capable of investing crores . I am looking for small plants like few kilo watts, I do have few acres of land too. My question is , can such business exist and then gradually grow depending upon profit earned. Is there any such model? I am interested to set up either in AP or Karnataka.

    Thanks
    phani

    Reply
  14. islamuddin

    Hello sir
    Iam islamuddin from ajmer rajasthan iam intrested to 1mw solar plant in ajmer please give some information what i do .

    Reply
    1. Anshuman

      Dear Sir,

      We are industrial Consultant based in pune . our Work geography is in Eastern ,western and northern part of country also.
      At present rajasthan and talangana has appropriate solar policy .
      Our services Includes.

      1) Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles / Pre-Investment and Pre-Feasibility Studies, Market Surveys / Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Section of Plant /Process / Equipment, General Guidance, Technical and Commercial Counseling for setting up new industrial projects.(For all type of Industrial projects )

      2) Project Report Preparation.

      3) Chartered Accounting Services.
      Products- Company formation, Audit Services, IEC Code, Networth certificates…etc

      4) Complete solar power Solution starting from small equipments to Large Power Plants.
      Products—Solar lartnen, Solar Power pack, Solar Fans, Solar Water Heater, Solar Water Pump, Solar Mobile Charger, Solar Street Ligting system, 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)

      5) External Commercial Borrowing.

      6) Project Finance assistance.

      7) Debt Syndication for bigger projects/expansion plan

      For Setting up Solar Power we follow below process.(For full steps please find attachment)

      Th Site Selection—–>Bidding Process——->Project Development approvals and Clearance——–>Funding and Financing———>Construction and Commissioning—–>o&m—–>Support Schemes

      Please find Below Information..

      1. Land required for 1 MW – 4.5 to 5 acres(Aprox).

      2. cost of project for 1MW – 7.5 cr to 8 Cr including land.
      value of land assumed as RS 15 TO 18 LACS as allowed by banks.

      3. 3rd party PPA can be arranged based on the state policy.

      4. Discom PPA can be arranged based on the state policy.

      5.REC can be sold separately and can be arranged.

      6.APPROX 15 TO 18 lakhs units/MW /Annum with a guaranty from supplier with a slight variation based on site location and solar irradiation.

      7 .Equity required 25%(Minimum) .

      For ECB Funding project should be a minimum of 5MW capacity

      Please reply with a brief detail about you ,, your current business and financial background

      Regards
      Anshuman Shrivastava
      Director
      Ispeed moneta CoLtd
      09028012464

      Reply
  15. kalyan

    Hi,

    We are planning to setup a new Ice Manufacturing-daily 20 tonnes, company in Hyderabad. And we are thinking about the solar power setup for the machinery.

    Can you plz help me out what are the requirements and how can we proceed, and the subsidy we get?

    Thanks and Regards
    Kalyan

    Reply
    1. neetu singh

      dear sir ,
      i am neetu singh work in js renewable .
      our company is epc service provider for solar we done lots of rooftop projects . recently iit delhi .
      please give your contact an name or unit location we will revert your.
      my no is 9891052299 .
      MY Head No is 9871052299 Mr. JS BHATIA.

      Reply
  16. Nimish Arora

    Hi

    Interested in setting up a 1MW Solar Power Plant. Need information on the cost, land required, financing options available, minimum equity required and which state policies are most suitable for a Solar Power Plant.

    Looking forward for a positive response.

    Thanks.

    Reply
    1. Anshuman Shrivastava

      Dear Mr Arora

      We are industrial Consultant based in pune . our Work geography is in Eastern ,western and northern part of country also.
      At present rajasthan and talangana has appropriate solar policy .
      Our services Includes.

      1) Pre-feasibility study, New Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Preparation of Project Profiles / Pre-Investment and Pre-Feasibility Studies, Market Surveys / Studies, Preparation of Techno-Economic Feasibility Reports, Identification and Section of Plant /Process / Equipment, General Guidance, Technical and Commercial Counseling for setting up new industrial projects.(For all type of Industrial projects )

      2) Project Report Preparation.

      3) Chartered Accounting Services.
      Products- Company formation, Audit Services, IEC Code, Networth certificates…etc

      4) Complete solar power Solution starting from small equipments to Large Power Plants.
      Products—Solar lartnen, Solar Power pack, Solar Fans, Solar Water Heater, Solar Water Pump, Solar Mobile Charger, Solar Street Ligting system, 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)

      5) External Commercial Borrowing.

      6) Project Finance assistance.

      7) Debt Syndication for bigger projects/expansion plan

      For Setting up Solar Power we follow below process.(For full steps please find attachment)

      Th Site Selection—–>Bidding Process——->Project Development approvals and Clearance——–>Funding and Financing———>Construction and Commissioning—–>o&m—–>Support Schemes

      Please find Below Information..

      1. Land required for 1 MW – 4.5 to 5 acres(Aprox).

      2. cost of project for 1MW – 7.5 cr to 8 Cr including land.
      value of land assumed as RS 15 TO 18 LACS as allowed by banks.

      3. 3rd party PPA can be arranged based on the state policy.

      4. Discom PPA can be arranged based on the state policy.

      5.REC can be sold separately and can be arranged.

      6.APPROX 15 TO 18 lakhs units/MW /Annum with a guaranty from supplier with a slight variation based on site location and solar irradiation.

      7 .Equity required 25%(Minimum) .

      For ECB Funding project should be a minimum of 5MW capacity

      Please reply with a brief detail about you ,, your current business and financial background

      Regards
      Anshuman Shrivastava
      Director
      Ispeed moneta CoLtd
      09028012464

      Reply
    2. neetu singh

      dear sir ,
      i am neetu singh work in js renewable .
      our company is epc service provider for solar we done lots of rooftop projects . recently iit delhi .
      please give your contact an name or unit location we will revert your.
      my no is 9891052299 .
      MY Head No is 9871052299 Mr. JS BHATIA.

      Reply
    3. neetu singh

      dear sir ,
      my no is 9891052299 .
      MY Head No is 9871052299 Mr. JS BHATIA.
      i am neetu singh work in js renewable .
      our company is epc service provider for solar we done lots of rooftop projects . recently iit delhi .
      please give your contact and name or unit location we will revert your.

      Reply
  17. Suresh Naik

    Sir, My brother has completed B.Tech EEE, we have to install @ 500KW solar power plant around 40KM from Warangal in TG State.
    Kindly suggest Cost, Area required, Subsation distace to syncronize it , cost benfits ratios and subsidies provided by state/ central Govt. (especially for ST Communities).
    Thank sir…

    Reply
  18. Muralidharan.V

    Dear Sir ,

    Thank you for the enquiry on the above subject.The following gives a brief details regarding the project.
    1. Land required for 1 MW – 5 acres.
    2. cost of project for 1MW – 8.5 cr including land.
    value of land assumed as 18lakhs as allowed by banks.
    3. 3rd party PPA can be arranged at Rs.6.20/unit to 6.50/unit based on the state policy with a revolving bank guaranty on quarterly basis.
    4.REC can be sold separately and can be arranged.
    5.Assured 19.5 lakhs units/MW /Annum with a guaranty from supplier with a slight variation based on site location and solar irradiation.
    6.Equity required 25% .
    For ECB Funding project should be a minimum of 5MW capacity
    Hope I have given the main points required by you and you are welcome to call us for any further details.

    Please reply with a brief detail about you , your email, your current business and financial background.

    Thanks and Regards ,

    Muralidharan.V.
    9445094041
    veeemdee@gmail.com

    Reply

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