Presentation on solar rooftop Abhilakh Singh General Manager 9
th October, 2015 Slide 2 Power Scenario India, energy demand which
was nearly 700 mtoe in 2010 is expected to cross 1500 mtoe by 2030.
Dependence on imports for energy requirements is expected to
increase from 30 per cent to over 50 per cent. At the estimated 51%
primary energy imports, India will be one of the most
import-dependent countries in the world. Indias per capita
electricity consumption reached 1010 kilowatt-hour in 2014-15, as
per CEA figures, yet is among the lowest in the world. China has a
per capita consumption of 4000kWh, with developed nations averaging
around 15,000kWh per capita. The current installed capacity, as of
August, 2015 is 276,783 MW. Immediate goal is to generate two
trillion units (kilowatt hours) of energy by 2019 so as to be able
to provide 24x7 electricity for residential, industrial, commercial
and agriculture use. Slide 3 Renewable Energy It is in this context
that the country has rightfully embraced renewable energy which is
now seen as complimenting and supplementing the conventional
sector. Renewable energy with its huge untapped potential, shall be
playing a significant role in the plans of the Government to
provide 24 x 7 power to every home, factory and farm, Wind and
Solar Energy being the predominant sectors. Slide 4 Target 2022
Private Sector Commitment of 252 GW from 319 Companies PSUs
Commitment of 19 GW from 24 PSUs Manufacturing Commitment of 62 GW
from 17 Manufacturing Companies Finance Commitment for financing 69
GW from 27 Banks Slide 5 100 GW Solar by 2022 Unemployed Graduates
Village Panchayat SSI Units Synergy with MSME, MoRD Green Energy
Certificates Large Private sector corporations Green Energy
Certificates SECI: 2000 MW NVVN: 3000 MW States: 2000 MW Already
installed: 3000 MW States to install projects under their own
policies Large Scale Rooftop Power producers under VGF scheme with
DCR and prior commitments. * Stand by Capacity : 50000MW Slide 6
Rooftop Projects Target40,000 MW by 2022 Current supportFinancial
assistance of 30% of the benchmark Current Status Projects
sanctioned 1426.35 MWp Projects installed 98.75 MWp Categories of
Rooftops Institutional ( Govt. Bldgs., hospitals, warehouses,
schools etc.): 7500 MW Industrial & commercial sector: 20,000
MW Housing Sector: 12,500 MW 20 states have specified tariffs for
rooftop projects. Slide 7 Solar Rooftop Game changer Solar Roof-top
segment has a great potential in India and can indeed be a game
changer in attaining these challenging targets. Rooftop Solar in
India has mostly revolved around various demonstration projects,
although, things have changed radically in the last 2-3 years with
sharp drop in prices of various components, increased support from
the Government and positive regulatory regime. As per the Report
India Solar Rooftop Map, 1.5 GW of solar roof-top installation is
predicted by 2018 There is now a realization that the Rooftop Solar
can help earn money besides generating power at the place of use
and in fact, a profit-making proposition for the building owners by
renting their rooftops for solar installations. Slide 8 State
Policies Slide 9 Slide 10 Business Models for Solar Rooftop 2
Business models based on the ownership of the rooftop solar PV
system Self-owned solar PV system Roof owner owns, operates, and
maintains the Rooftop SPV system. Generated electricity is either
consumed by the end-use loads or supplied to the utility grid or
combination of both. Third party owned solar PV system Solar
Developer/System Integrator or any other company owns the Rooftop
Solar PV system and sell electricity either to the roof owner or
consumer or both. Third party owned model does not allow roof owner
to avail certain financial benefits, such as tax benefits, capital
subsidy. Slide 11 Financing based on System Ownership Slide 12
Project Financials for PV System for Residential Sector System
Capacity~ 2 kWp Monthly generation in Delhi~ 241 units Energy loss
due to grid outage in Delhi~ 9.6 units Net generation~ 231
units/month Grid electricity rate ~ Rs. 5.4 / unit Waived off
electricity bill ~ Rs. 1238 / month Total benefit per year ~ Rs.
14851 Payback period for the investment ~ 10 years Grant / Subsidy
/ Bulk Purchases may further help in reducing the capital cost of
the System and further reduce the Payback period Slide 13 Project
Financials for PV System for Commercial Sector Slide 14 RE now a
priority sector as per RBI notification. Supplementing the above
and to support Governments initiative for achieving targets, a new
loan scheme launched for setting up of Solar PV Rooftop Power
Projects by Industrial, Institutional and Commercial Sectors.
Salient Features Applications through Rooftop Solar Aggregators
Single or different locations Minimum total size of the project
1000 kWp, each system capacity 20 kWp Aggregators to provide credit
rating from IREDA empaneled credit rating agencies Aggregators
responsible for execution & operational performance
commitments. IREDAs loan scheme for Rooftop Solar PV Power Projects
Slide 15 Eligibility conditions: Applications to be submitted under
following categories:- 1.Aggregator Category: a)Can submit
application as borrower for either single project or multiple
sub-projects as per eligibility guidelines. b)Minimum total project
capacity 1000 kWp. c)Minimum sub-project capacity under this mode
20 kWp. 2.Direct Category a)Applicants can submit applications for
a project 1000 kWp on a single roof/ contiguous roofs
b)Applications to be rated by IREDA empaneled Credit Rating
Agencies. IREDAs loan scheme for Rooftop Solar PV Power Projects
Slide 16 Project Ownership Model Rooftops owned by single party
Rooftops owned by multiple parties Revenue Model Captive power
generation by roof owner Sale to grid under Net Metering/PPA Sale
to Grid under Gross Metering PPA Distribution licensee/ Govt. /
Semi Government bodies/institutions Any other viable model
Eligibility Business Models Slide 17 IREDAs loan scheme for Rooftop
Solar PV Power Projects 9.90% to 10.75% p.a. based on the Credit
Rating. Interest Rate Up to 9 years Loan Repayment Period 6 to 12
months from the date of COD Moratorium 70% of the total project
cost with min. promoters contribution of 30% of the project cost.
Quantum of Loan Terms & Conditions Slide 18 Conclusion Solar
Rooftop PV Systems have great potential, however, there is a need
for awareness creation both about Rooftop Solar PV Systems/
technology packages as well as about the financing avenues
available. Policy support is essential in terms of regulations for
net metering, grid interconnection and energy accounting Need for
promoting large scale, local manufacturing of dual function
inverters (functionality of both grid-tied and hybrid inverters) to
reduce cost. Need for technical innovations in storage technologies
- mainly to reduce costs and improve efficiency. Slide 19 Indian
Renewable Energy Development Agency Limited www.ireda.gov.in Thank
You
