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Investingina1MWSolarPlantin
AndhraPradesh
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OurarticleWhyinvestinSolarinIndiadiscussesindetailaboutthecurrent
opportunityinSolarsectorinIndiaandinleadingsolarstatessuchasAndhra
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Solutions
AddSolartoExistingUPS?
HowtoReduceDiesel
Bills?
HowtoReducePower
Bills?
SolarPlantSolutions
SolutiontoPowerCuts
Therearefewbusinessmodelsthatsolarinvestors/developerscouldchoose
fromwhenitcomestoinvestinginSolarinIndia,ourarticleBusinessmodelsin
SolarinIndiadiscussesthesemodelsindetail
RECisthepreferredmodelbecauseitismoreprofitableuntil2017asRECsare
tradingat9.3/kWh,youcouldcheckthelatestRECtradingdataatIndian
EnergyExchange
ForourbusinesscaseletsconsiderFIT(FeedinTarif)modelasthismodelis
guaranteedincomethoughitmightnotbeasprofitableasRECmodel
AndhraPradeshhasissuedanopensolarbidforprocuringelectricityat6.49
perKWH(Unit)fromSolardeveloperswhoareinterestedinsettingupsolar
plantsinAP
Forsimplicitysakeletsanalyzetheeconomicsinvolvedinsettingupandmaking
a1MWSolarplantprofitableinAP
FinancialFacts
Costofsettingupa1MWSolarplantinAP
6.5Crores
EquityInvestment:
25%1.625Crores
SolarPlantConfigurator
SolarPlantSizeCalculator
TermLoan:
75%4.875Crores
LoanTenure:
12years
RecentArticles
InterestRate:
10%FromSBI
YearlyInterestandFinancialCharges
48.75Lakhs
Operations&MaintenanceCost
38.75Lakhs
InsuranceCharges
0.10%6.5Lakhs
Tools
AffordableandReliable
SolarSolutionsforIndias
MiddleClass
WearelookingforSolar
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productdealersand
distributorsacrossIndia
MythsaboutSolarPowerin
IndianMarket
HowtoCreateaPassive
IncomeStreamby
Investingina1MWSolar
PlantinAndhraPradesh
Costofsettingupa1MW
SolarPlantin
AndhraPradesh
Source:CRECTariffRegulations2014Adjustedfor1MWplantinAP
1MWplantproducesaround17.13Lakhunitsperyear,thisnumberisarrived
basedonthefactthatinAPconditions1KWgenerates5.71unitsperday
multipliedby300sunnydaysinanyear
TotalRevenue=17.13*6.49(FITRate)=1.11Crore
TotalExpenses=45.25Lakhs(O&M+InsuranceCost)
PBIDT(ProfitBeforeInterest,DepreciationandTaxes)=65.75Lakhs
FinancialCharges=48.75Lakhs
MostReadArticles
PBIDT(ProfitBeforeDepreciationandTaxes)=17Lakhs
Costofsettingupa1MW
SolarPlantinAndhra
Pradesh
NewNABARDguidelines
togetSubsidyonSolarPV
SystemsandSolarWater
Pumpsfor2014
HowtoCreateaPassive
IncomeStreamby
Investingina1MWSolar
PlantinAndhraPradesh
BusinessModelsforSolar
PVinIndia
ProceduretogetMNRE
SubsidyforOffGridSolar
SystemsinIndia
Categories
AndhraPradesh
EPC
General
HowTo
Nellore
Ongole
Prakasam
Products
Projects
SolarInverter
SolarPanel
SolarTubularBattery
Subsidy
BookDepreciation(3.6%)=23.4Lakhs
PBT(ProfitBeforeTaxes)=(6.4Lakhs)
AlternateMinimumTax(20%)=3.4Lakhs
PAT(ProfitafterTax)=13.6Lakhs*
ProjectIRR(ReturnonInvestment)=8.4%
PaybackPeriod=12Years
*WehaventaddedAccelerateddepreciationbenefits(80%),O&Mescalation
(5.72%)andSolarPVOutputdegradationof0.8%perannum
Abovefinancialanalysisgivesyouagoodideaonprofitabilityofasolarplant,It
isverylucrativeifyouhavealargecashflowbusinessandyoucangetaone
timebenefitofADbysettingupasolarplant
Solarplantprovidesan8.5%guaranteedannualreturnforfirst12years,whichis
decent,consideringtheabsenceofriskasinotherbusinessesandthismodelis
immunetomarketconditions
FromYear12Year20cashflowincreasesby400%
AreyouplanningonsettingupasolarplantinAP?Weofferendtoendsolar
plantserviceswithProjectmanagementandEPCservicesforsolar
projectsfromKWtoMWscale,Visitourendtoendsolarplantservicesfor
details
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Plant,AndhraPradesh1MWSolarPlant,andhrapradeshsolarplant,APSolarPlant,IndiaSolar,
solarbusiness,SolarPlantCost,SolarPlantROI,SolarPowerPlant|1Comment
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Costofsettingupa1MWSolarPlantin
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OurarticleWhyinvestinSolarinIndiadiscussesindetailaboutthecurrent
opportunityinSolarsectorinIndiaandinleadingsolarstatessuchasAndhra
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Pradesh
Solar Powertech's
Blog
Therearefewbusinessmodelsthatsolarinvestors/developerscouldchoose
fromwhenitcomestoinvestinginSolarinIndia,ourarticleBusinessmodelsin
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Belowarethelistofcomponentswhichcontributetooverallcostofasolarplant
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SolarModules
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Amongthevariousphotovoltaictechnologiesinuse,crystallineSilicon
technologyismostwidelyusedtechnologyglobally.
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Thisisprimarilybecausethetechnologyiswellunderstood,andwasamongst
thefirstdevelopedphotovoltaictechnologies.Theinstallationandintegrationof
thesemodulesisrelativelyeasier
NonModuleComponents
Thenonmodulecostcomponentscomprisecosttowardsland,civil&general
works,groundmountingstructures,powerconditioningunit,cabling&
transformer/switchgearsandpreliminary/preoperatingexpenses&financing
costs.
EachcomponentofabovereferrednonmodulecostofSolarPVbasedpower
plantisestimatedasunderforthedeterminationofcapitalcostofSolarPV
projects
LandRequirement
ThelandrequirementforSolarPVbasedpowerprojectdependsuponthe
technologyemployedi.e.CrystallineorThinfilm,landrequirementforcrystalline
PVprojectis5Acre/MW
PowerConditioningUnit(Inverter)
PowerconditioningUnitisanimportantcomponentofthebalanceofsystem.
PowerconditionersprocesstheDCpowerproducedbyaphotovoltaicsystemto
ACpowerandmatchthesamewithutilityspower
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CivilandGeneralWorks
Thecostassociatedwithcivilworksincludestestingofsoil,preparationof
soil/groundwithallnecessaryworkslikeearthmoving,diggingholesforthe
foundations/pilingsandleveling,fencingoftheland,developmentofapproach
road,cabletrenches,watersupplyarrangementinsolarfarm,controlroometc.
Generalworksincludesecurityofsolarfarm,settingupofpowerbackup
generatoryardlighting,earthlingkits,etc
GroundMountingStructures
Themajorportionofthesitewillbeusedforgroundmountingstructures,
PVmodulearemountedinasteelstructurewhichwillbeinstalledfacingsouth
directionforbestefficiency&optimalpoweroutput.
ThesteelstructurewillbegroutedusingRCCfoundation.Thestructureis
designedtohold20modulesperstructureandwhichcanwithstandwindspeed
upto170km/hr.
Thestructureisdesignedinsuchawaythatitwilloccupyminimumrequired
spacewithoutsacrificingtheperformance.
CablesandTransformers
CablesconsistsofDCcaballingbetweenSolarPVpanels&Invertersincluding
junctionboxes,ACcablingbetweenInverter&substation,Earthling
arrangementsandTransformer.
TransformersincludesBreakers,CurrentTransformers,PotentialTransformers,
andIsolators
Preliminary/PreoperatingexpensesandFinancingCosts
Thepreliminary/preoperatingexpensesincludetransportationofequipment,
storageofequipmentatsite,insurance,contingency,taxesandduties
IDC(Interestduringconstruction)andfinancechargesetc.
DetailedbreakupofPreliminaryandPreoperativeexpensesandfinancingcost,
lumpsuminpercentageoftotalcapitalcostisproposedasunder:
InsuranceCost:0.5%
Contingency:0.5%
InterestduringConstruction(IDC):5%
Financingcost:1%
Projectmanagementcost:1%
PreoperativeCost:1.0%
Preliminary/PreoperatingexpensesandFinancingCostcontributetoaround
10%oftotalcapitalcostonaveragebasis.
TheTablebelowpresentsthebreakupofbenchmarkcapitalcostforSolarPV
projects
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Particulars
CapitalCost
(RsLakh/MW)
%ofTotalCost
PVModules
360.00
56%
LandCost
018.00
3%
CivilandGeneralWorks
050.00
8%
MountingStructures
040.00
6%
PowerConditioningUnit
050.00
8%
EvacuationCosts
060.00
9%
Prelim&PreOppExpenses
includingIDCandcontingency
060.00
9%
ProjectDesign&Management
010.00
2%
TotalCapitalCost
648.00
100%
Costofsettingupasolarplanthasseen20%dropfromthepreviousyear.
CERCattributesthecostdropmainlytothefollowing
CivilandGeneralworks(58%drop)
MountingStructures(52%drop)
Evacuationcost(43%drop)
Areyouplanningonsettingupasolarplant?Weofferendtoendsolarplant
serviceswithProjectmanagementandEPCservicesforsolarprojectsfrom
KWtoMWscale,Visitoursolarplantservicesfordetails
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PlantROI,SolarPowerPlant|1Comment
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