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

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Presentation on theme: "Bankability of Solar in Indian Market By: Gensol Consultants Private Limited."— Presentation transcript:

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

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

3 Which Technology is Feasible? ENERGY GENERATION COSTPROVEN LIFE RETURNS SILICON CRYSTALLINE THIN FILM PV 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 Energy Generation Guarantee Market Presence Experience in terms of project size and complexity Product suppliers Teams – quality & structure Financial stability Government liasioning Risk handling 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 IRR 13.3% IRR 22% IRR 38% REC NSM GSP Tariff structure and returns on project Risk associated on long term basis NSM REC GSP 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 Companys 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 Balance Sheet Financing Project financing


12 Clients 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 HindustanQuippo Energy SuzlonZaveri & Co Landmark HotelsAsian Tiles And many more… About Us: Overview

13 Featured In Offices at 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 About Us: Credentials

14 Carbon Advisory & Trading Commanding Indias largest market share by projects, Carbon Advisory and Trading division has been instrumental in reducing 25 million tones of carbon. About Us: Company Services 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 Indias 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, 2 nd Floor, Camps Corner – 2, Opp. Auda Garden, Prahladnagar, Ahmedabad – 380015, GUJARAT W: E: Ph: +91-79-39122276

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