Business Plan for Solar Plant

Company Overview and mission statement,

Historically, the primary means of providing power have been through grid extension and diesel
generators.
Grid Extension: Very high initial cost, poor cost recovery, time intensive (generation,
transmission, distribution) and usually must be subsidized. Most often used.
Diesel Generators: Inexpensive installation but expensive to operate, environmental
damage/pollution, and subject to volatile fuel costs and availability.
A hybrid energy system consists of two or more renewable energy sources used together to provide
increased system efficiency as well as greater balance in energy supply.
Higher Reliability (?)
Hybrids reduce daily & seasonal resource variations
but more complex more parts to break.

Lower Cost of Energy

Hybrids reduce daily & seasonal resource variations
Minimizes battery size and fuel usage

Existing Diesel & Distribution System Investment

How much of which technologies to use? diesel, solar, wind, biomass, hydro

Fuel consumption, runtime, project economics?

How do these answers depend on assumptions? Fuel price, interest rates, equipment ``` costs,utility
tariffs
Electric and thermal load shapes, reliability requirements and load management
Resource quality and availability
Sensitivities variations in prices, resource availabilty
The global environmental, financial and political issues necessitate the use of renewable resources to
meet the fast growth in energy demand. Among renewable resources, PV systems have received
considerable attentions and it is expected that the penetration of PV energy generation will increase
steadily to become a significant proportion of total energy generation .

The motivation to evaluate the performance of solar power plant based on a developed model
comprises photovoltaic array, battery storage, controller and converters. The flowchart of the
developed monitoring technique is shown in figure 1.
Industry and a snapshot of operations.
Most parts of India receive good solar radiation 4- 7 kWh/sq.
m/day
Possible to meet growing energy demands and cover deficit areas
Can substantially reduce consumption of kerosene and diesel for
lighting and power generation
Provide access and empowerment at grass root level
Zero Customs & Excise Duties on solar cells, modules and many
raw materials and grid power projects
5% Customs and Excise duty on many other raw materials,
components
Tax - Holiday for :
Setting up units in backward and specified areas; and
Grid power projects
80% accelerated depreciation in the first year for certain capital
investments
Grant for carrying out research and development and technology
validation projects
Dynamic model of the solar power plant

In this section, the dynamic simulation model is described for PV/battery power system. The developed
model consists of a photovoltaic array, dc/dc converter with an isolated transformer, designed for
achieving the maximum power point (MPP) with a current reference control (Iref) produced by P&O
algorithm, and Li-Ion battery storage.

The excess energy with respect to the load requirement is used for battery charging. The excess power
demand of the user is supplied by the battery storage system. The block diagram of the developed
PV/battery power system is shown in figure 2
Company serves,

Industry trends that support the viability of establishing a solar farm,

Company name, address and geographic .

Company form of organization, its location and its competitive advantages.

Overview of products and services.

The amount of electricity will be generated by solar farm,

Plans for the future expansion of services.

The electricity produced by business with traditional utilities and other alternative energy providers in terms of
price, reliability and scalability.

Marketing analysis section.

Competitors and target customers in this section.

Primary competitors are likely to be large-scale alternative energy suppliers, such as other solar farms, wind turbine
farms and large hydroelectric utilities.

The traditional energy suppliers & amp;mdash;coal, natural gas and nuclear utilities —in region

Company plan for gaining market share from these well-established powerhouses.

Target customers are likely to be established utility companies, large businesses and government entities.

Financial plan section,

Projected financial statements and ratio analysis.
Large deployments of renewable energy technology, such as solar farms, require extensive capital resources at
startup, and feature a cost structure that decreases over time as the expensive technology begins to pay for itself.

Sources of funding, including bank loans, stock offerings and government grants. Grants are likely to play a large
role in the initial funding of an alternative energy company.

Personnel plan.
Organizational structure chart

Present brief professional biographies of executive team.

Kamlesh Mishra (20%): Management Graduate from IIM Indore with 15 years of experience in
Banking Sector.
Mantosh Yadav (20%): Management Graduate from IIM Indore with 13 years of experience in
Sales and Distribution of Industrial Products.
Chintan Shah (20%): Management Graduate from IIM Indore with 10 years of experience in
procurement ,Contracts & Vendor management with one of the leading corporate house .
Dibyendu Guchhait (20%) M.Tech from IIT-ISM Dhanbad, Management Graduate from
IIM Indore with 14 years of experience in R&D in energy sector.
Vishit Trivedi (10%) :Management Graduate IIT Mumbai & IIM Indore with 20 years of
experience in HR and L&D functions.
Priyanka Gupta: (10% )B.E(Civil),Management Graduate from IIM Indore with 10 years of
experience in Construction & Design with Leading EPC& Manufacturing firms.

The number and types of staff that will be employed in the solar farm initial years.

Staff to a minimum as long as possible in this business, using third-party labor for the installation of your solar
equipment, and employing a small work force for maintenance and upkeep in addition to a small office staff.

Downside Risk:
Land Availability to scale up the project
PV cells use environmentally hazardous material - Environmental clearances from govt.
may be a risk during scaling up
Uncertainty in revenue stream due to future uncertainty related to tariff, cost leadership
issue or availability of alternate energy (Gas)
Reward (Upside Potential):

Govt.s fast track implementation of Paris Convention on Green Energy

Breakthrough technology for Solar Panel and Grid Stability cost reduction
In case of success of the first project, then scaling up option will be high
Tax benefit

An executive summary,
Scaling up of Power Plant.
Manufacturing of Solar Unit Vertical integration Cost Reduction
Geographical Diversification of Business Focus on area of less availability of
Electricity