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RENEWABLE ENERGY INITIATIVES By M P Sharma Varroc Group.

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Presentation on theme: "RENEWABLE ENERGY INITIATIVES By M P Sharma Varroc Group."— Presentation transcript:

1 RENEWABLE ENERGY INITIATIVES By M P Sharma Varroc Group

2 2 Index: ABOUT VARROC GROUP ENERGY SCENARIO – INDIA WHY RENEWABLE ENERGY SOLAR PROJECT – A B C ENERGY SCENARIO – MAHARASHTRA QUESTION & ANSWERS- SESSION

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4 Headquartered in Aurangabad, India Leading Indian supplier of Electrical, Metallic and Polymer components and sub assemblies for 2 wheeler and 4 wheeler industry USD 1.2 Billion annual sales; growing at over 20% annually for the past decade 10,000+ direct employees, including 400+ engineers globally 31 manufacturing facilities and 6 engineering centers globally Serves all major OE vehicle manufacturers in India and abroad. Among top 3 automotive suppliers in India 4 Company Profile – Varroc Group

5 Varroc is well positioned to support Customer growth in all markets. Varroc Group – Global Footprint and Support Vietnam Mexico Italy India Czech Germany China France Slovakia United Kingdom Unites States of America Globally Guatemala Egypt Nigeria Angola

6 Varroc Group- India Foot Print

7 2 WHEELERS PASSENGER CARS PASSENGER CARS COMMERCIAL VEHICLES COMMERCIAL VEHICLES SYSTEM SUPPLIERS SYSTEM SUPPLIERS Trademark Shown are exclusive property of respective Companies Customer Base – Varroc Group

8 Varroc Core Values SH IPS

9 Varroc Renewable Energy Mission Varroc Renewable Energy Mission targets to achieve 20% of its power requirement through Renewable Energy by 2016 Estimated Power requirement of Varroc Group by 2016 will be 100 MW 20 MW of this power shall be through renewable energy Achievements of Mission till MW of power from Wind energy 5 MW of power from Solar energy (operational Dec 2013) Other activities under green mission Planting & distributing Sapling Distribution of Seeds

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11 Indias Energy Challenge Shortage Access Security Climate Change Demand In next 12 years Indias electricity requirement to grow 2.5 times Climate Change is also an important issue India is dependent on oil imports for 80% of its demand 400 Million people still without access to electricity Electricity shortage estimated at GW

12 Indian Power Sector (30 June 2013) Thermal 1,53,848, MW Hydro 39,623 MW Nuclear 4,780 MW Renewable 27,541 MW (Source: CEA Annual Report)

13 Renewable Power Capacity (30 June 2013) Wind 19,228 MW Small Hydro 3,630 MW Bio 3,000MW Solar 1,686 MW Current Focus Area Past Focus Area (Source: MNRE)

14 Energy Scenario-Maharashtra Particular Demand [MW] 16,79217,26617,87918,16819,105 Availability [MW] 12,46012,57813,50414,35315,634 Shortfall [MW] 4,3324,6884,3753, Demand – Supply Scenario in MW at the Time of Peak Demand (Source: CEA Monthly Report)

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16 Why Choose Renewable Energy Corporate Social Responsibility (CSR) Initiative Sustainable business model- Eliminate long term impact of energy cost on current business Excellent Investment opportunity considering government Incentives (Project IRR 20-25%) Improves Infrastructure & Groups visibility in rural areas & helps evaluating new locations to spread business

17 Wind Energy Vs Solar Energy ParameterWindSolar PV Basic Dependent on Wind (Resource: 1,700 TW) The Ultimate Energy Source (Resource 6,500 TW) SiteSea shores or LandOn Land or Rooftop TechnologyWind TurbinesSolar PV ForecastNo Forecast on availabilityPredictable & Reliable Output UseConsidered as Intermittent PowerOptimized use possible Operation and Maintenance HighAlmost Negligible Set-up time8-10 months3-5 months Warranty5 Years Warranty25 years warranty Required Area ( Acre / MW) to 5 Generation cost over life of plant INR 4-5 / unitINR 5-6 / unit Selling Price of Generated Power INR 4.5 to 6.3 / unitINR 12.3 to 16.4 / unit

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19 Steps for entering into Solar power Understanding the Scheme / policy under which plant will be set-up Feasibility Study & Risk Management Identification of site Identification of Technology & EPC partner Project Financing & Execution

20 Policies in India for Large Scale Solar Project 1. Under JNNSM by Signing Preferential Tariff PPA with NVVN 2. Under Preferential Tariff PPA with State Government 3. As Independent Power Producer (IPP) in REC Mechanism There are 3 Schemes available.

21 Solar Feasibility in India > 300 Sunny Days in India > 5-6 KWH/ Sq Meter / Day - Irradiation Govt Initiatives & Incentives

22 Risk Management & SWOT Analysis Strength Plenty of Sun Shine in Maharashtra REC Benefits No raw Material Cost Indias solar potential among highest in the World and barely a fraction of it has been exploited There is no pollution or wastage resulting from its use Very low Operating and Maintenance costs There is no pollution or wastage resulting from its use. Weakness Needs Greater support from Govt. Lack of technical supports for remote locations Opportunity Increasing energy requirement of the country Reduction of cost expected in future Threat Technological Challenges (Storage facility) Lack of cooperation from local DISCOM

23 Identification of Site Key Parameters of a good site: Good Solar Irradiance throughout the year (Data from NASA, Meteonorm, MNRE) Average temperatures throughout the year First year generation expectations Proximity to grid Water availability Road Connectivity Load bearing capacity of land STFI Hazards (Storms, Tempests, Floods, Inundation)

24 Site Evaluation Results of Sakri S No.DescriptionSakri 1 Solar Irradiation5.49 KW/ m 2 2 Average Daily temperatures deg C 3 Grid Availability66 KV or above 4 Water AvailabilityGood 5 Road ConnectivityExcellent 61 st Year Generation (units)8,000,000

25 Technology Evaluation S No. Evaluation Criterion CrystallineThin Film MonoPolyA-siCdTeCIGS/CIS 1Efficiency (%)16-18%14-16%7-9%8-10%10-12% 2 Performance Under Heat (degradation) 5-6%4-5%9-10%8-10% 3Required Area (m2 / KWp) Output per Year per MW (Indian Climatic Conditions) Cost (USD/Watt) Technology Maturity (Years)>40 ~10-20~8-10 O&MModerate High 7Weight(Kg/watt) Market Share(%)30%60%7% 9Payback Period Life>25>25 years Under Evaluation

26 Identification of EPC Partner - Functions throughout technology value chain - Diversified business for 25 year Warranty fulfilments - Has own Solar power plant - Experience & track record - Access to local execution team

27 Varroc EPC partner Inetest Technologies India from Chennai along with Anukul Power Engineers from Aurangabad Inetest has technology from AUO, a listed company in NYSE, with business in Flat panel displays & Solar. AUO has Polysilicon & WaferTechnology from Japan while Cell & Modules made in Taiwan & Malaysia. AUO has own 10 MW roof top project in Taiwan Anukul Power Engineers has vast experience in Electrical Power Transmission & distribution Erectioning, commissioning in Maharashtra Anukul has Installed many sub-stations, many Kms of Transmission line in Maharashtra Pic from AUO Japan plant during Vendor Evaluation

28 Project Financing & Execution Project Financing to be considered due to unstable INR ROI & cashflow preparation Finance available at low interest cost from government & international bodies, but not easy Identification of Project team Government Approvals –Approval for Project from concerned body (MEDA for Maharashtra) –Signing of Power Purchase Agreement with Discom (Mahagenco or MSEGCL) –Approval from substation for erection of Transmission line & grid connection –Approval from MNRE for concessional duties Prepare project execution roadmap & progress monitoring

29 Solar System Schematic

30 Other Green Initiatives Audit for Energy optimization by third parties Audit for Power Quality improvement by third parties Installation of Solar Street lights in existing plants Installation of ABT Meters with 0.2S Accuracy Use of transparent sheds for day light utilization 30

31 Solar parks Solar pumps Solar Car parking Solar Street light Solar Roof Top Systems Way Forward….

32 Thank You! M P Sharma

33 Q & A


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