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“Bankability of Solar in Indian Market” By: Gensol Consultants Private Limited

“Bankability of Solar in Indian Market” By: Gensol Consultants Private Limited. Technology. International Installed Solar PV Base 21 GW *. Indian Installed Solar PV Base 10 MW *. 1 MW Thin Film. 9 MW Crystalline. . . Figure: Project market dominance of PV technology **.

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“Bankability of Solar in Indian Market” By: Gensol Consultants Private Limited

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  1. “Bankability of Solar in Indian Market” By: Gensol Consultants Private Limited

  2. Technology International Installed Solar PV Base 21 GW * Indian Installed Solar PV Base 10 MW * 1 MW Thin Film 9 MW Crystalline   Figure: Project market dominance of PV technology ** *REN 21 Report 2010 ** PV status Report 2010

  3. Which Technology is Feasible? Preference to on-ground presence of crystalline technology for almost 25 years over that of thin film for not even 10 years

  4. EPC Players Key Considerations Market Presence Experience in terms of project size and complexity Product suppliers Teams – quality & structure Financial stability Government liasioning Risk handling Energy Generation Guarantee International – proportional BG after real time data analysis Indian – BG against flat generation

  5. Average installations of international EPC players entering India is atleast 150 MW Average installations of Indian EPC players is approximately 3-4 MW

  6. Tariff Backed Policies REC GSP IRR 38% NSM IRR 22% Tariff structure and returns on project IRR 13.3% Risk associated on long term basis GSP NSM REC NSM – National Solar Mission GSP – Gujarat Solar Policy REC – Renewable Energy Certificate

  7. Credible Data Availability Data collection devises Internationally available software Satellite data Do not take local geographical criteria's into consideration Imperfect data during extrapolation and interpolation of data Available software PV syst Meteonorm 3 Tier

  8. Power Purchase Agreement Strict penalties on late commissioning No reliable guarantees against the tariff payment schedule Long pending cases related to payment matters of power plants Case Study: Dabhol Power Company’s Power Plant • Claimed to be the biggest coal based thermal power plant with state-of-art technology • Payment settlement issues with Maharashtra State Electricity Board turned into an international conflict • Case filled by stakeholders against GoI • GE, Bechtel, off-shore banks, other financial institutions and OPIC (US government agency) received some amount of their claims

  9. JNNSM v/s GSP v/s REC • Payment back-up support is best in case of NVVN as PPA signing body due to the balancing of profits through unallocated quota • There is no back-up support in case of REC mechanism or any other state policy like GSP, in case of PPA signing bodies experience losses DSCR schedule for a project becomes important for banks from the point-of-view of recovery of their money from any project REC  GSP  JNNSM

  10. Financing Criteria

  11. ULTIMATELY “Achievement of grid parity will stabilize Indian Solar Market which will be achieved through: a. Economies of Scale b. Increased localization of equipments c. Advancements of technology However, like the wind sector courageous few would have to support and propel this growth in its nascent stage now”

  12. About Us: Overview Gensol Consultants, an ISO 19001:2000 certified company is a pioneer in Renewable Energy and Carbon Advisory. With a portfolio of 25 million credits spread across 400+ clients in 16 states, Gensol is an empanelled consultant with Govt of Himachal and represents Ministry of Environment at International Forums. Bajaj Hindustan Quippo Energy Suzlon Zaveri & Co Landmark Hotels Asian Tiles And many more… Clients

  13. About Us: Credentials Credentials • 150+ Trained Team - all Graduates and Post Graduates in Energy and Environment • Over 25 million Carbon Credits Under Manage • Presence in 16 states • 60 MW+ Solar Power Projects under execution • Recipient of multiple awards including BusinessWorld Hottest Young Entrepreneur and Economic Times Power of Ideas. Ahmedabad | Gurgaon | Bangalore | London Business Dailies: Business Standard Economic Times Business Magazines: Business India BusinessWorld Industry Journals: Power Line Energetica Carbon News Offices at Featured In

  14. About Us: Company Services Carbon Advisory & Trading Commanding India’s largest market share by projects, Carbon Advisory and Trading division has been instrumental in reducing 25 million tones of carbon. Strategic Consultancy Having international presence, strategic consultancy spans across carbon, energy and Information Technology management to enhance sustainability in organizations Asset Management With over 2500 crores of Assets under Management, the Gensol Renewable Energy Fund is bound to be India’s largest RE specific fund. Solar Division Providing Complete Concept to Commissioning Solutions, Gensol Solar Division is a one point stop for all solar specific needs.

  15. Contact Us: Gensol Consultants Pvt Ltd 14 - 15, 2nd Floor, Camps Corner – 2, Opp. Auda Garden, Prahladnagar, Ahmedabad – 380015, GUJARAT W: www.gensolconsultants.com E: solar@gensolconsultants.com Ph: +91-79-39122276

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