India MW Solar Advisor Expert Guide

Wish to put up a 1 MW or larger solar power plant?

Read this definitive guide on policies, business models and costs.

Updated first week of December 2015
Recent Updates on policies and bids in 7 states
And also on the recently released India Solar Atlas

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Starting with the National Solar Mission in 2010, solar power, especially solar PV, has been growing at a hectic pace in India.From almost insignificant installations in 2010, the total installed capacity of solar PV has crossed 3,000 MW towards end of 2014. That is a fairly good achievement in just four years.Not surprisingly, the lion’s share of the capacity addition has come from MW-scale, ground mounted utility solar PV power plants. EAI estimates close to 90% of all capacity added in solar PV since 2010 has been in the utility scale solar sector.

This growth in utility scale solar is set to accelerate even further, with the new government at the centre significantly enhancing the targets to be achieved. Adding to the excitement is the role of many states, each of which has its own ambitious solar policies.All these augur well for businesses. It is hence no surprise that a number of enterprising businesses wish to set up utility scale solar power plants.

While attractive opportunities exist, this is still a nascent sector. It is thus imperative that entrepreneurs, especially those new to the power sector or renewable energy sector, employ significant due diligence in their investments in this sector – be it in the choice of business models to follow, in the selection of land, or in their choice of the EPC vendor.

MW Solar Advisor


Who should buy this Expert Guide?

MW Solar Advisor will be invaluable to the following:

  • Prospective solar power plant developers anywhere in India
  • Financial investors wishing to understand the key components, business models and strategic drivers for solar power plants
  • Corporates and businesses keen on investing in MW scale solar power plants anywhere in India
  • Small businesses and individuals wishing to get a thorough understanding of the MW scale solar power sector for their investments or business expansion needs
  • High net worth individuals considering solar as an investment opportunity
  • EPCs keen on expanding their business in the fast growing MW Solar sector in India
  • Large land owners who can obtain a good understanding the potential of MW Solar for their investments.

Solar Expert Guide BUNDLE OFFER

Actual value-Rs 23,500/-(US $390)
Bundle Offer Price-Rs 19,000/-Only(US $325)See more from here

Why should you buy this Expert Guide ?

  • 1 MW of solar power plant carries a capital cost of Rs 6-6.5 crores. That is a lot of money for anyone.
  • As this is a new industry, there are many critical aspects of the industry which many investors are not aware of.
  • Before investing time and resources into such capital intensive projects, it is important for prospective solar power developers to understand these critical aspects, drivers and constraints that will define the success of solar power plants.
  • Solar Mango’s MW Solar Advisor is the first comprehensive and authoritative guide that provides all the above inputs.

What will you gain by purchasing this Expert Guide ?

  • Critical data points for various aspects of a MW solar power plant
  • Clear understanding of the business and revenue models applicable to MW Solar power plants
  • Comprehensive updates on current and upcoming solar policies from central and state governments – this is the first time when all these have put together at one place and analysed.
  • Clear answers to the most frequently asked questions from developers
  • Understanding of attractive regions and states for MW Solar power plant investments
  • Detailed inputs on how to calculate the right price to bid in solar tenders
  • Detailed inputs on how to select EPCs and critical components for solar power plants
  • A thorough understanding the various financing avenues available, and the pros and challenges for each of them
  • Recommendations on how to approach banks and other financial institutions, useful especially for SMEs
  • Template for developing an effective and winning detailed project Expert Guide .
  • Costs of various components in a MW solar power plant, and how these costs have trended over the years
  • List of critical mistakes to avoid for a new MW Solar power plant developer
  • Inputs on site selection strategy and a comprehensive list of aspects to be considered while selecting land
  • Case studies and performance data from existing MW Solar power plants
  • The big picture of an effective overall MW Solar Blueprint and key action points

 

List of Contents

Introduction
Contents

    1.Business Models for Utility Scale Solar +

    1. Sale to Utility
    2. Sale to Private Consumer
    3. Captive Consumption
    4. Pros and Cons of the Business Models
    5. Key Takeaways

    2.Status of MW Solar Power Plants in India+

    1. Prominent Developers
    2. Non-Developer Stakeholders
    3. Key Takeaways

    3.Attractive Regions for MW Solar in India+

    1. Prominent Regions for Solar Power Plants

      1. By Radiation
      2. By State
    2. Performance of Operating Plants
    3. Key Takeaways

    4.Vendor & Component Selection Checklist+

    1. Who is an EPC?
    2. Criteria to Choose EPCs

      1. Expertise on All Solar EPC Value Chain Components
    3. Three Types of EPCs You Should Avoid
    4. Key Parameters for EPC Selection

      1. Top 5 criteria
      2. Other criteria
    5. Specific Expertise to Look for in Core EPC Team

      1. Engineering
      2. Procurement
      3. Commissioning
      4. Planning for O&M & Monitoring and Control Systems
    6. Prominent Solar EPCs in India

      1. National EPCs
      2. Regional Solar EPC Players
    7. Component Selection – Standards and Warranties
    8. Key Takeaways

    5.State, Central Solar Policies +

    1. Introduction to Solar Policies and Regulations
    2. Central Policy – National Solar Mission

      1. Overview
      2. Status
    3. State Policies

      • Andhra Pradesh
      • Assam
      • Bihar
      • Chhattisgarh
      • Gujarat
      • Haryana
      • Karnataka
      • Madhya Pradesh
      • Maharashtra
      • Odisha
      • Punjab
      • Rajasthan
      • Tamil Nadu
      • Telangana
      • Uttarakhand
      • Uttar Pradesh
      • Other States
    4. Key Takeaways

    6.Financing Options in India+

    1. Overview
    2. Debt Financing Terms

      1. Domestic Financing
    3. International Financing
    4. Approaching a Financer

      1. Eligibility Criteria
      2. Documents
    5. Financial Institutions

      1. Equity
      2. Debt
    6. Details of Debt from Government Sources

      1. IREDA
      2. Power Finance Corporation (PFC)
    7. Constraints and Challenges for Getting Financial Closure for MW Solar Power Plants

      1. Earlier Challenges
      2. Current Challenges
      3. Suggestions and Perspectives from the Financial Sector for Overcoming the Challenges and Making Solar Power Projects More Bankable
    8. Key Takeaways

    7.DPR Template for a Solar PV Power Plant +

    1. Components of a Detailed Project Expert Guide
    2. Key Takeaways

    8.Cost Break-up of Utility Scale Solar PV Power Plants +

    1. Trends in Plant Cost
    2. Key Takeaways

    9.Template for Financial Returns+

    1. Revenues

      1. Billable kWh
      2. Tariff
    2. Costs

      1. Initial capital investment
      2. Inverter Replacement
      3. Operations & Maintenance (O&M)
      4. Insurance
      5. Debt Service
      6. Taxes
    3. Analysis
    4. Key Takeaways

    10.Resources +

    1. Key Takeaways

    11.Key Aspects Every MW Solar Developer Should Know+

    1. Key steps to arrive at an attractive business model

      1. How do you decide which is better for you? APPC+REC, sale to private parties, or sale to utility?
    2. Critical aspects to be considered to win bids from state or central policies

      1. Make sure you are absolutely clear what your financial targets are
      2. Employ a chartered accountant or a financial expert before you arrive at the final bid
      3. Ensure that the region (district) you are bidding for a power plant has high potential for solar output
      4. Be very realistic with costs
      5. Factor in the off-taker risk in your costs
    3. Mistakes to avoid while bidding or during implementation of the MW solar power plant

      1. Don’t quote too low
      2. Don’t quote too high
      3. Make sure you read and reread all terms and conditions
      4. Understand the penalty clauses clearly
    4. Key Takeaways

    12.Frequently Asked Questions by Developers, and Answers+

    1. Is it a good idea to invest in a solar power plant?
    2. What are the paybacks for MW scale solar power plants?
    3. I have large amounts of land. Is this a good enough reason for me to get into solar power plants?
    4. How can I get financing for my solar power plant?
    5. What are the O&M costs for solar power plants?
    6. Which state is the best for solar power plants?
    7. How can I get a private PPA signed for my power plant?
    8. I already have wind farms. Can I co-locate solar farms in the same land?
    9. What will be the output from my solar power plant?
    10. How much does a 1 MW of solar power plant cost, and how much area does it require?
    11. Key Takeaways

    13.Terms You Should Know as a Developer of MW Solar Power Plants +

    1. Technical and Operational Terms

    2. Explanation of Key Financial Terms

      • Payback Period
      • Return on Investment (ROI)
      • Net Present Value (NPV)
      • IRR (Internal Rate of Return)
      • Levelised tariff
      • PPA
      • Financial Closure
      • Accelerated Depreciation
      • Discounting Factor
      • Hedging
      • Moratorium
      • With recourse/Without recourse
    3. Solar Apex Bodies & Organisations in India and their Roles

      • MNRE
      • CWET/NIWE
      • SECI
      • SESI
      • NSEFI
      • SERIIUS
      • CSRI

    14.Components of a Solar Power Plant+

    1. Solar Panels
    2. Mounting Structures
    3. Inverters
    4. BOS

    15.Site Selection

    16.MW Solar Power Plant Action Plan

    17.Solar Mango Services for the Solar Power Sector+

    1. MW Scale Solar Power Plants
    2. Rooftop Solar Power Plants
    3. EAI’s Cleantech Consulting

    18.List of Tables & Figures+

    1. Table 1: State-wise status of MW scale solar power plants as of December 2014
    2. Table 2: Prominent locations with good radiation where solar plants/parks have been constructed
    3. Table 3: Pros and Cons of Business Models
    4. Table 4: Estimated CUF and Generation – Sample Data from Some States
    5. Table 5: Solar EPC Value Chain
    6. Table 6: List of Solar EPCs in India
    7. Table 7: Standards and Warranties for Critical Components
    8. Table 8: List of Banks, NBFCs, Private Equity & Other Financial institutions
    9. Table 9: Solar RECs – Sales During the Last Calendar Year
    10. Table 10: CERC benchmark cost breakup for a 1 MW ground mounted solar PV power plant 2015-16
    11. Table 11: Comparison of CERC Benchmark Capital Cost 2010-15 (Rs. Lakhs)
    12. Table 12: Comparison of CERC Benchmark Capital Cost 2010-15 (% of total cost)
    13. Figure 1: Business Models for MW Scale Solar
    14. Figure 2: Radiation Map of India
    15. Figure 3: Sources of Funds for MW Scale Solar Plants
    16. Figure 4: MW Solar Action Plan Schematic

Developed by experts who advised The World Bank, Bill & Melinda Gates Foundation, 10+ Fortune 100 Companies, Reliance, Vedanta, MNRE,many state governments and more.



pdf_icon_downloadFREE SAMPLE GUIDE AVAILABLE-
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Buyers will get all updated Expert Guide for the next one year at no additional cost. The Advisor will be updated once every two months or earlier.

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Buy India MW Solar Advisor Report


The price of the Expert Guide is Rs 11,500/- Only (US $200)

Contact Muthukrishnan to know more about purchasing the Expert Guide.
Mob: +91-9952910083, muthukrishnan@eai.in


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