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Acknowledgement

This analysis based report is done for the readers of my previous report 1MW
Utility Scale SPV Power Plant, mainly for the readers from South region of
INDIA as they are asking repeatedly about the probability and feasibilitytechnical & Financial-of a SPV power plant in their region. At the same time
its not possible for me to design a report for each and every state from
South India, so I took Chennai city. Also the previous report was not so
detail, was very basic and meant to the readers who want to get an
overview on how a utility scale power plant works. Now, in this report, I
discuss about in depth. From panels selection to CB sizing all are presented
in very detail. Hope, this time you get a strong knowledge on designing and
estimation of 1MW solar PV power plant. Unlike the previous report, the
financial aspect discussed at the end of the paper. In this paper, the
financial assessment has done in very detail and considering the current
scenario of SPV market including the cost of solar PV modules, inverters
cost, cable, transformer etc.
prices
and
the
funding,
interest
rate..

Disclaimer
The presented data here are NOT TAKEN from any copyright materials and
not showing under my name. The meteo data collected from NASA website
and NREL database which is free over the internet. Designing of PV system
is totally based on the practical experience of the author.

Assumption & Consideration


Shading consideration: No shading has been considered at the site
during the calculation design. So it is advised that at the time of execution,
please check whether there is any kind of obstacle in the site which may
cause partial/full shading on PV strings and/or PV array. If the shading
occurs, then the estimated power generation will not match the actual
power generated.
Load Factor: It is assumed that the produced power from the PV plant will
be fed to the local utility grid. So, while designing the system, no
unbalanced load considered in 3 phase configuration.
Meteo data: The calculation based on the meteo data collected from
NASA website which is very reliable. Now, based on the co-ordinates the
values have been presented in this report. So, total design is based on this
data. For a different location (coordinates), the system design will differ. It is
advised not to copy and implement the design without consulting the author
www.renewpowerzo
ne.in

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or any certified PV professional because this design estimation is valid


only for a particular site.

www.renewpowerzo
ne.in

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2

Site consideration: this design has been done by considering the PV modules &
array will be
0
ground-mounted and the site-elevation angle taken 3 .
Cost Estimation: 1MW Solar PV power plant cost estimation has done
considering the current PV market scenario (Sept-Dec 2013), so after few
months the cost may vary according the market.
CAD design & layout: I have not uploaded/attached the CAD design. If
anybody interested in setting up the plant then only contact at the given email ids to get the design file.
Transmission & wheeling losses: Here, in this report, while doing the
technical assessment, the distance from nearest substation to the 1MW
solar PV power plant taken within 1.5 KM and so the wheeling losses
considered as 3% of total power transmission. And in the financial
assessment, no wheeling charges have been considered.
Design Criteria: While designing & estimating the technical components
& solutions, all the required/applicable standard design codes have been
considered. Mainly the IEC (International Electrotechnical Commission)
Codes, IS codes from BIS have been considered thoroughly.

Contents
1) Introduction
2) Project details
3) Location metrological details
4) Determination of optimum tilt angle
5) Solar power plant overview
6) Module selection & sizing
7) Inverter selection & sizing
8) Transformer selection
9) Other protective devices including switch gear details
10)
selection
11)
details
12)
analysis & simulation
13)
project
14)
maintenance structure of the plant
15)
calculation, estimation of NCF, Payback period
16)
selection of various components

4
5
6
7
8
9
11
12
13
Cable sizing &
14
Civil works
16
Performance
17
Timeline of the
21
Operation &
22
Financial
23
Guide on
27

PROJECT AT A GLANCE
1.

Name of the Company.

2.

Regd. Office.

:
: SRIKAKULAM DIST

3. Works.

SRIKAKULAM Dist.

4.

Line of Activity.

1 MW SOLAR Power plant

5.

Sector.

Large Scale

6.

Constitution.

Private Limited

7.

Project Cost & Means of Finance. :


(Rs in

Lacs)
PROJECT COST

EPC(, civil works and


equipment)
Deposits
Land and License
TOTAL

8. Promoters Contribution.
9. Debt/Equity.
10. Installed Capacity.

AMOUNT

MEANS OF FINANCE

709.00 Capital:
80.00 Bridge loan from
Bank(10% on project)
8.0 Term loan from NRI
0
805.00
TOTAL

: 10.00%
4:1
: 1 MW

A
M
O
U
N
T
80.50
80.50
644.00
805.00

Brief History of Project


Introduction:
XXX SOLAR ENERGY PVT LTD consists of 5 acres of land with a capacity to host over 1
megawatts of solar power plant. The Solar Project is divided into plots providing necessary
infrastructure such as smart power evacuation facilities, approach and internal roads, water supply and
storage, and office buildings.

The above said project is in the process of setting up a 1 MW Solar PV project in the prestigious Solar
Project at Srikakulam Dist.

Location:
Village
Distric
t
State
Latitud
e
Longit
ude
Solar
Project
plots

Srikakulam
Andhra Pradesh

xxx

Sailent Features:

Project capacity
Earmarked Land
Technology
Solar Irradiation (GHI)
CUF
Performance Ratio
Annual Energy Generation
Rating of Photovoltaic Modules
No. of Modules required
Quantity of Water required to wash modules per day

1 MW
5 Acres
Crystalline Silicon / Thin
Film Modules
5.7 kWh/m2/Day
20%
80%
1.76 BU
250 Watt
400, 000
80000 Ltrs

Wash Cycle
Size of Invertors
No of Invertors
Evacuation
Power evacuation upto 500 MW
Power evacuation beyond 500 MW

15 days
500 KW
200
11/66 kV Line
220 kV Substation
400 k V Substation

Solar power in India

India's solar resource


India is densely populated and has high solar insolation, an ideal combination for
using solar power in India. Moreover, it's other energy resources are relatively scarce. In
the solar energy sector, some large projects have been proposed, and a
35,000 km2 (14,000 sq mi) area of the Thar Desert has been set aside for solar power
projects, sufficient to generate 700 to 2,100 GW.
In July 2009, India unveiled a US$19 billion plan to produce 20 GW of solar power by
2020. Under the plan, the use of solar-powered equipment and applications would be
made compulsory in all government buildings, as well as hospitals and hotels. [2]In January
2015, the Indian government significantly expanded its solar plans, targeting US$100
billion of investment and 100 GW of solar capacity by 2022
According to a 2011 report by BRIDGE TO INDIA and GTM Research, India is facing a
perfect storm of factors that will drive solar photovoltaic (PV) adoption at a "furious pace
over the next five years and beyond". The falling prices of PV panels, mostly from China
but also from the U.S., has coincided with the growing cost of grid power in India.
Government support and ample solar resources have also helped to increase solar

adoption, but perhaps the biggest factor has been need. India, "as a growing economy
with a surging middle class, is now facing a severe electricity deficit that often runs
between 10% and 13% of daily need". India is planning to install the World's largest Solar
Power Plant with 4,000 MW Capacity near Sambhar Lake inRajasthan.
There are various factors that we need to consider before investing into a solar power
plant. A lot of enthusiasm has been seen among people about the use of Solar Energy as a
substitute of conventional sources of energy. However, currently, with the power subsidies
in India, solar works economical only in those areas that are using diesel generators as a
primary source of electricity. The entire payback is made in 23 years. Solar system for
petrol pumps is a leading example of such an application. IOCL is leading the race for
solarization of petrol pumps with aggressive targets. Solar applications for petrol pumps
by RelyOn Solar has been installed in more than 150 IOCL petrol pumps across India and
now other oil companies are also looking to solarize their ROs. Solar installations for
commercial buildings, where the electricity rates are higher, are also proving to be a game
changer for the owners of IT companies.
On 16 May 2011, Indias first 5 MW of installed capacity solar power project was registered
under the Clean Development Mechanism. The project is in Sivagangai
Village,Sivaganga district, Tamil Nadu.
Current status
Installed solar PV
Year

Cumulative Capacity (in MW)

2010

161

2011

461

2012

1,205

2013

2,319

2014

2,632

2015

3,744

With about 300 clear, sunny days in a year, India's theoretical solar power reception, on
only its land area, is about 5,000 trillionkilowatt-hours (kWh) per year (or 5 EWh/yr). The
daily average solar energy incident over India varies from 4 to 7 kWh/m 2 with about
1,5002,000 sunshine hours per year (depending upon location), which is far more than
current total energy consumption. For example, assuming the efficiency of PV modules
were as low as 10%, this would still be a thousand times greater than the domestic
electricity demand projected for 2015.
The amount of solar energy produced in India in 2007 was less than 1% of the total energy
demand. The grid-connected solar power as of December 2010 was merely 10 MW
Government-funded solar energy in India only accounted for approximately 6.4 MW-yrs of
power as of 2005. However, India is ranked number one in terms of solar energy
production per watt installed, with an insolation of 1,700 to 1,900 kilowatt hours per

kilowatt peak (kWh/KWp). 25.1 MW was added in 2010 and 468.3 MW in 2011. By end
March 2015, the installed grid connected solar power capacity is 3,744 MW, and India
expects to install an additional 10,000 MW by 2017, and a total of 100,000 MW by 2022.
India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

GWh
/year[1
8]

Capac
ity
factor

Notes

DonBosco,Kurla, Omega
Natural Polarity (ONP) Mumbai- 0.1
Maharashtra

Commissioned
December 2014

Charanka Solar Park Charanka village, Patan


district, Gujarat

221

Commissioned April
2012

Welspun Solar MP project 151


MW Neemuch Solar Plant Neemuch,Madhya Pradesh

151

Commissioned
February 2014

Mahagenco 125 MW Solar


Project- Maharashtra

125

Commissioned March
2013

Green Energy Development


Corporation Ltd (GEDCOL)
- Odisha

50

Commissioned 2014

Tata Power Solar Systems Ltd


(TPS) - 50 MW NTPC
- Rajgarh,Madhya Pradesh

50

Commissioned March,
2014

Welspun Energy 50MW


Rajasthan Solar Project Phalodhi, Rajasthan

50

Commissioned March
2013

India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

Green Energy Development


Corporation Ltd (GEDCOL)
- Odisha

48

Commissioned 2014

Bitta Solar Power Plant (Adani


Power) - Bitta, Kutch District,
Gujarat [

40

Commissioned January
2012

Dhirubhai Ambani Solar Park,


Pokhran, Rajasthan

40

Commissioned in April
2012

Moser Baer - Patan, Gujarat

30

Commissioned October
2011

Mithapur Solar Power


Plant (Tata Power)
- Mithapur, Gujarat

25

Commissioned 25
January 2012

Green Energy Development


Corporation Ltd (GEDCOL)
- Odisha

20

Commissioned 2014

Vivaan Solar - Madhya Pradesh

15

Commissioned 2014

Sunark Solar - Odisha

10

Commissioned 2011

NTPC Limited - Odisha

10

Commissioned 2014

GWh
/year[1
8]

Capac
ity
factor

Notes

India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

Raajratna Energy Holdings Bolangir Solar Power Project


- Odisha

10

Commissioned 2011

Azure Power - Sabarkantha,


Khadoda village, Gujarat

10

Commissioned June
2011, 63 acres, using
36,000 Suntech Power
panels.[31]

Green Infra Solar Energy


Limited - Rajkot, Gujarat

10

Commissioned
November 2011

Waa Solar Power Plant


(Madhav Power)
- Surendranagar, Gujarat

10

Commissioned
December 2011

Tata Patapur - Odisha

Commissioned 2012

Skygen Infrabuild - Odisha

Commissioned 2011

Konark Kranti Energy - Odisha

Commissioned 2011

Mahindra & Mahindra Solar


Plant, Jodhpur, Rajasthan

Completed in January
2012

Sivaganga Photovoltaic Plant,


Tamil Nadu

Completed December
2010

GWh
/year[1
8]

Capac
ity
factor

Notes

India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

Citra and Sepset Power Plants,


Katol, Maharashtra

Commissioned October
2011

Sunark Solar - Odisha

Commissioned 2011

Abacus Holdings - Odisha

Commissioned 2011

Orion Solar - Odisha

Commissioned 2011

Skygen Infrabuild - Odisha

Commissioned 2011

IIT Bombay - Gwal


Pahari, Haryana

Commissioned 26
September 2011

Itnal Photovoltaic
Plant, Belgaum, Karnataka

Completed April 2010

Kolar Photovoltaic Plant,


Yalesandra, Kolar District,
Karnataka

Completed May 2010

Tata
Power - Mulshi, Maharashtra

Commissioned April
2011

Tata Power Solar- Murugan


Textiles, Palladam, Tamil Nadu

August 2014

GWh
/year[1
8]

Capac
ity
factor

Notes

India's largest photovoltaic (PV) power plants

DC
Peak
Power
(MW)

Name of Plant

Azure Power - Ahwan


Photovoltaic Plant, Punjab

GWh
/year[1
8]

Capac
ity
factor

Notes

December 2009

Jamuria Photovoltaic Plant,


West Bengal

August 2009

TAL Solar Power Plant


- Barabanki, Uttar Pradesh

Commissioned January
2012

Omega Renk Bearings Pvt. Ltd.


Solar Plant - Madhya Pradesh

1.5

Commissioned 2013

M G M Minerals - Odisha

Commissioned 2010

Raajratna Energy Holdings


- Odisha

Commissioned 2011

Tata Power - Odisha

Commissioned 2011

Amruth Solar Power Plant


- Kadiri, Andhra Pradesh

Commissioned March
2012

B&G Solar Pvt Ltd


- Mayiladuthurai, Tamil Nadu

India's First plant


Commissioned under
JNNSM scheme 10 June
2011

Gandhinagar Solar Plant,

21 January 2011

[32][43]

India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

GWh
/year[1
8]

Capac
ity
factor

Notes

Gujarat

NDPC Photovoltaic Plant, Delhi

2010

Numeric Power Systems,


Coimbatore, Tamil Nadu

Commissioned
February 2012

Rasna Marketing Services


LLP, Ahmedabad, Gujarat

Completed in
December 2011

Solid Solar by Gautam


Polymers, Delhi, Haryana, UP,
Tamil Nadu

Tata Power - Osmanabad,


Maharastra

Commissioned 1
August 2011

Urja Global
Limited - Jharkhand, Delhi

Commissioned 1
August 2012

Thyagaraj stadium Plant


- Delhi

April 2010

Zynergy, Vannankulam village,


Peraiyur, Madurai district,
Tamil Nadu

Commissioned January
2012

Chandraleela Power Energy

0.8

Commissioned 15

India's largest photovoltaic (PV) power plants

Name of Plant

DC
Peak
Power
(MW)

GWh
/year[1
8]

Capac
ity
factor

Notes

January 2012, (EPC by


Aryav Green Energy
Solutions Pvt. Ltd.)

- Narnaul, Haryana

State

MWp

Andhra Pradesh

127.85

4.00

Chhattisgarh

4.0

0.30

Delhi

2.5

0.19

Gujarat

654.8

49.90

Haryana

7.8

0.59

Jharkhand

4.0

0.30

Karnataka

9.0

0.69

Madhya Pradesh

132.0

9.15

Maharashtra

20.0

1.38

Ref

State

MWp

Odisha

13.0

0.99

Punjab

9.0

0.69

Rajasthan

510.25

38.89

Tamil Nadu

15.0

1.14

Telangana

1.0

0.08

Uttar Pradesh

12.0

0.91

Uttarakhand

5.0

0.38

West Bengal

2.0

0.15

Total

1442.10

100

Ref

[59]

[17][60]

Solar power in Andhra Pradesh


The installed capacity is 128 MW as on February 2015. During the year
2014, APTransCo has entered in to agreements with IPPs to install 619 MW. NTPC also
entered in to agreement in the year 2015 with APTransCo to install 250 MW plant (first
phase of the 1,000-Mw ultra solar power project) in the economically backward Anantapur
district.

Solar power in Gujarat


Gujarat has been a leader in solar power generation and contributes 2/3rd of the 900 MW
of photovoltaics in the country.The State has commissioned Asias biggest solar park at
Charanka village. The park is already generating 2 MW solar power out of its total planned
capacity of 500 MW. The park has been functioning on a multi-developers and multibeneficiaries paradigm and has been awarded for being the most innovative and
environment-friendly project by the CII.

With a view to make Gandhinagar a solar city, the State government has launched a rooftop solar power generation scheme. Under this scheme, the State plans to generate five
megawatt of solar power by putting solar panels on about 50 state government buildings
and on 500 private buildings. The State has also a plan to emulate this project
in Rajkot,Surat, Bhavnagar and Vadodara in 2012-13.
The State plans to generate solar power by putting solar panels on the Narmada canal
branches. As a part of this scheme, the State has already commissioned a one megawatt
solar plant on a branch of the Narmada Canal near Chandrasan area of Anand taluka. This
also helps by stopping 90,000 liter water/year of the Narmada river from evaporating.

Solar power in Rajasthan


Rajasthan is one of the states of India in the field of solar energy. The total photovoltaic
capacity has passed 500 MW, reaching 510.25 MW at the end of the 2012-13 fiscal year.
The district of Jodhpur leads with 42 projects totalling 293 MW, followed by Jaisalmer and
Bikaner. In total there were 84 projects with installed capacity of 512.9. The French group
AREVA solar is currently engaged in constructing a 250 MW concentrated solar power
(CSP) installation which will become the largest CSP installation in Asia. A 4,000MW Ultra
Mega Green Solar Power Project (UMPP) is being built near Sambhar Lake in Rajasthan.
Upon Completion, it would be world's largest Solar Power Plant. It is expected to be built in
4 phases, with the first phase likely to be commissioned by the end of 2016 with 1,000
MW capacity. The total cost of each phase of the project is estimated to be 70
billion (US$1.1 billion) and the entire project is expected to be completed in 7 years. The
present Prime Minister Narendra Modi has put great emphasis on solar projects and is
inviting FDI in this sector.

Solar power in Maharashtra


The Shri Sai Baba Sansthan Trust has the world's largest solar steam system. It was
constructed at the Shirdi shrine at an estimated cost of Rs.1.33 crore, Rs.58.4 lakh of
which was paid as a subsidy by the renewable energy ministry. The system is used to cook
50,000 meals per day for pilgrims visiting the shrine, resulting in annual savings of
100,000 kg of cooking gas and has been designed to generate steam for cooking even in
the absence of electricity to run the feed water pump for circulating water in the system.
The project to install and commission the system was completed in seven months and the
system has a design life of 25 years. Osmanabad region in Maharashtra has been blessed
with abundance of sunlight and is ranked the third best region in India in terms of solar
insolation. A 10 MW solar power plant in Osmanabad, Maharashtra byRelyOn Solar,
generates approximately 18 Lac units per MW which is the highest generation in
Maharashtra by any other solar power plant. This plant was commissioned in 2013 and the
records of one complete year are available.

Solar power in Madhya Pradesh


The Welspun Solar MP project, the largest solar power plant in India set up at a cost of Rs.
1,100 crore on 305 hectares of land, will supply power at Rs. 8.05 a kWh. The project of a
130MW solar power plant at Bhagwanpur in Neemuch was launched by Gujarat chief
Minister, Narendra Modi.
Ujaas Energy Limited , an Indore based company which is listed on BSE /NSE . It has
installed over 105 MWs in five solar parks viz. , Rajgarh , Barod, Ichchhawar , Rojhani and

Susner , in Madhya Pradesh . The company is proud to be backed by Mr Amitabh Bachhcan


who holds 1.6 % stake according to latest filing. Ujaas is the pioneer of solar REC
Mechanism in India". Apart from companys innovative PLUG & PLAY Ujaas Park model
where it provides an end to end solution to the investors, the company has also done
substantial solar roof top installations in Chennai, UP,AP,( Noida,Greater Noida )Delhi/NCR
region etc... under the allocation from SECI-Phase-II and under JNNSM.
Ujaas has ranked at No 2 as Indias Fastest Growing Company by a renowned magazine on
Renewable Energy, Business World .
The company has made it onto prestigious Forbes Asia's 200 Best Under a Billion dollar
Companies list..
Vivaan Solar, Gwalior based company started in Aug 2012 owns 45MW of solar park
capacity in Madhya Pradesh. The plant is located in Kadodiya Village, Ujjain district. The
company has also stepped forward in providing rooftop solar solutions for homes and
business users.
There is an upcoming 750 MW solar power plant project in Madhya Pradesh in the district
of Rewa which, when completed, will be the world's largest solar power plant, backing the
Desert Sunlight project in California.
Applications
Rural electrification
Lack of electricity infrastructure is one of the main hurdles in the development of rural
India. India's grid system is considerably under-developed, with major sections of its
populace still surviving off-grid. As of 2004 there are about 80,000 unelectrified villages in
the country. Of these villages, 18,000 could not be electrified through extension of the
conventional grid. A target for electrifying 5,000 such villages was set for the Tenth
National Five Year Plan (20022007). As of 2004, more than 2,700 villages and hamlets
had been electrified, mainly using solar photovoltaic systems. Developments in cheap
solar technology are considered as a potential alternative that allows an electricity
infrastructure consisting of a network of local-grid clusters with distributed electricity
generation. It could allow bypassing (or at least relieving) the need to install expensive,
lossy, long-distance, centralized power delivery systems and yet bring cheap electricity to
the masses.
India currently has around 1.2 million solar home lighting systems and 3.2 million solar
lanterns sold/distributed. Also, India has been ranked the number one market in Asia for
solar off-grid products.
Projects currently planned include 3,000 villages of Orissa, which will be lighted with solar
power by 2014.
Solar lamps and lighting
By 2012, a total of 4,600,000 solar lanterns and 861,654 solar powered home lights had
been installed. These typically replace kerosene lamps and can be purchased for the cost
of a few months worth of kerosene through a small loan. The Ministry of New and
Renewable Energy is offering a 30% to 40% subsidy for the cost of lanterns, home lights
and small systems up to 210 Wp. 20 million solar lamps are expected by 2022.
Agricultural support

Solar PV water pumping systems are used for irrigation and drinking water. The majority of
the pumps are fitted with a 2003,000 watt motor that are powered with 1,800 Wp PV
array which can deliver about 140,000 litres (37,000 US gal) of water per day from a total
head of 10 metres (33 ft). By 30 September 2006, a total of 7,068 solar PV water pumping
systems had been installed, and by March 2012, 7,771 had been installed.
Solar driers are used to dry harvests before storage.
Solar water heaters
Bangalore has the largest deployment of roof top solar water heaters in India. These
heaters generate an energy equivalent of 200 MW.
Bangalore is also the first city in the country to put in place an incentive mechanism by
providing a rebate of 50 (79 US) on monthly electricity bills for residents using roof-top
thermal systems. These systems are now mandatory for all new structures.
Pune has also recently made installation of solar water heaters in new buildings
mandatory.

Challenges and opportunities

Price history of silicon PV cells since 1977. The great thing about solar power is that it is a
technology and not a fuel. It is unlimited and the more it is deployed the cheaper it would
be. While the more limited fossil fuels are used, the more expensive they become.
Land is a scarce resource in India and per capita land availability is low. Dedication of land
area for exclusive installation of solar arrays might have to compete with other necessities
that require land. The amount of land required for utility-scale solar power plants
currently approximately 1 km2 (250 acres) for every 2060 MW generated could pose a
strain on India's available land resource. The architecture more suitable for most of India
would be a highly distributed set of individual rooftop power generation systems, all
connected via a local grid. However, erecting such an infrastructure, which does not enjoy
the economies of scale possible in mass, utility-scale, solar panel deployment, needs the
market price of solar technology deployment to substantially decline, so that it attracts
the individual and average family size household consumer. That might be possible in the
future, because PV is projected to continue its current cost reductions for the next decades
and be able to compete with fossil fuel. Government can provide subsidies for the
production of PV panels, in which there will be reduction in the market price and this can
lead to more usage of solar power in India. In the past three years, solar-generation costs
here have dropped from around 18 (29 US) a kWh to about 7 (11 US) a kWh, whereas
power from imported coal and domestically-produced natural gas currently costs around
4.5 (7.1 US) a kWh and it is increasing with time. Experts believe that ultra mega solar

power plants like the upcoming worlds largest 4,000 MW UMPP in Rajasthan, would be
able to produce power for around 5 (7.9 US) a kWh.
Some noted think-tanks recommend that India should adopt a policy of developing solar
power as a dominant component of the renewable energy mix, since being adensely
populated region in the sunny tropical belt, the subcontinent has the ideal combination of
both high solar insolation and therefore a big potential consumer base density. In one of
the analysed scenarios, India can make renewable resources such as solar the backbone
of its economy by 2050, reining in its long-term carbon emissions without compromising
its economic growth potential.

Government support

Solar Radiation Resource Assessment stations in India


51 Solar Radiation Resource Assessment stations have been installed across India by
the Ministry of New and Renewable Energy (MNRE) to monitor the availability of solar
energy. Data is collected and reported to the Centre for Wind Energy Technology (C-WET),
in order to create a Solar Atlas.
The government of India is promoting the use of solar energy through various strategies.
In the latest budget for 2010/11, the government has announced an allocation of 1000
crore towards the Jawaharlal Nehru National Solar Mission and the establishment of a
clean energy fund. It is an increase of 380 crore from the previous budget. This new
budget has also encouraged private solar companies by reducing customs duty on solar
panels by 5% and exempting excise duty on solar photovoltaic panels. This is expected to
reduce the cost of a roof-top solar panel installation by 1520%. The budget also proposed
a coal tax of US$1 per metric ton on domestic and imported coal used for power
generation. Additionally, the government has initiated a Renewable Energy Certificate
(REC) scheme, which is designed to drive investment in low-carbon energy projects.

Timeline of the Jawaharlal Nehru National Solar Mission


The Ministry of New and Renewable Energy provides 70 percent subsidy on the installation
cost of a solar photovoltaic power plant in North-East states and 30 percentage subsidy on
other regions. The detailed outlay of the National Solar Mission highlights various targets
set by the government to increase solar energy in the country's energy portfolio.
The Mysore City Corporation has decided to set up a mega Solar power plant
in Mysorewith 50% concession from the Government of India. ]
The Maharashtra State Power Generation Company (Mahagenco) has made plans for
setting up more power plants in the state to take up total generation up to 200 MW.]
Delhi Metro Rail Corporation plans to install rooftop solar power plants at Anand
Vihar and Pragati Maidan Metro stations and its residential complex at Pushp Vihar.
Reeling under an acute power crises, the Government of Tamil Nadu has recently unveiled
its new Solar Energy Policy which aims at increasing the installed solar capacity from the
current approximate of 20 MW to over 3000 MW by 2015. The policy aims at fixing a 6%
solar energy requirement on industries and residential buildings for which incentives in the
form of tax rebates and current tariff rebates of up to Rs.1 / unit will be applicable to those
who comply with the Solar Energy Policy. The policy also gives an option to those
industries/buildings who do not want to install rooftop solar photo-voltaic systems to
invest in the government's policy and be given the same incentives as explained above.
Statistics
Installed PV capacity (in MW)
Year
End

Total
Capacit
y

2010

161

2011

461

300

2012

1,205

744

2013

2,319

1,114

Yearly
Installation

March-2014

2,632

313

March-2015

3,744

1112

India is densely populated and has high solar insolation, an ideal combination for using
solar power in India. India is already a leader in wind power generation. In the solar
energy sector, some large projects have been proposed, and a 35,000 km2 area of the
Thar Desert has been set aside for solar power projects, sufficient to generate 700 GW to
2,100 GW. Also India's Ministry of New and Renewable Energy has released the JNNSM
Phase 2 Draft Policy, by which the Government aims to install 10GW of Solar Power and of
this 10 GW target, 4 GW would fall under the central scheme and the remaining 6 GW
under various State specific schemes.
The Electricity Act, 2003, paves way for an innovative approach to solve our countrys
power problems. It has paved the way for a competitive environment; open access to
existing transmission and distribution network to transmit electricity across regions; delicensing of generation, captive power and dedicated transmission lines; licensing of
distribution and supply companies and the restructuring of State Electricity Boards.
The Ministry of Power has mandated to promote cogeneration and renewable sources for
Power generation under Nodal agencies and hence it will play a major role in
mainstreaming renewable energy sector. The advantage or renewable resources includes
their capacity to produce energy without producing carbon-based warming and polluting
agents into the atmosphere. The financial cost of its applications is not always cheap but
if the environmental costs of using fossil are accounted for, renewable energy wins handsdown. There are also indirect savings on health and its costs as there are no harmful
emissions.
In the above backdrop, YOUR COMPANY NAME has decided to set up a 1/1000 MW/KW
Solar Power Plant. This Detailed Project Report (DPR) brings out all technical details and
overall costs justifying the selection of the project. The total power generation is
envisaged to be 1050KW from Solar Photovoltaic Cell. It is a very important document
that is required for Environmental Impact Assessment (EIA) studies, fixation of tariff,
finalizing Power Purchase Agreement (PPA) and also for submission to Financial Institutions
for obtaining project funding. The total project cost is expected to be RS. 709.00 Lakhs
and the average cost of generation is expected to be Rs. 7.5/kWh (ASSUMED).
rd

For this project, poly-crystalline technology based 3 generation Solar PV modules will be
used. Along with this, highly efficient, photon-tested string inverters going to be
integrated to the system. These technologies are the best in the industry. So, Its clear
that our project is not compromising with the quality of the materials and or the
components which obviously led this project to success.

Client details
Country

India

Location

SRIKAKULAM DIST

Contact id

ABC@XYZ.COM

Contact Person
company

ABCXYZ

Purpose

Power generation
& distribution to State
utility grid

Site & Meteo Details


Location
coordinates
Ambien
t
Relative
humidity
Daily Solar
irradiation
Atmospheric
Pressure
Wind Speed
Earth
temperature
Height from sea

Project Details

10.5, 78.5
(assumed)
28.
5

27.
2
72.5%

25.
5

5.19
2
KWh/m /day
100.1 kPA
Ma
x
29.
6

abc

2.7 m/s
Aver
age
28.
8
10m

Mi
n
26.
4

Type of
installation
Estimated
array

peak
power
Shading
consideration
Grid voltage

Phase
connection
Grid
frequency
Available/require
d area
Safety level

Site Location/Layout

Groundmounted
1100KWp
Shade-free
11KV
3-phase
50Hz
20000
2
m (apprx)
IP65

Solar Irradiation
KWh/m2/day

7
6
5

Solar Irradiation

4
3
2
1
0

31

Air & earth temperature-monthly

30
29
28
27
26
25
24
23

Air temperature
earth temperature

Optimum Tilt Angles For Solar PV Array Adjusted by Months


Jan
34

Feb
26

Mar
13

Apr
0

Ma
11

Jun
14

Jul
12

Au
5

Sep
6

Oct
19

No
29

Dec
35

Figures shown in degrees from vertical


Winter

Spring/Autumn

Summer

80 angle

56 angle

104 angle

On the 21st December, the sun will rise 87 east of due south and set 87 west of due south.
On the 21st March/21st September, the sun will rise 91 east of due south and set 91 west of due sou
On the 21st June, the sun will rise 95 east of due south and set 95 west of due south.

Irradiation Data on different tilt angles (respect to horizontal


2

surface, KWh/m /day)


Months
January
February
March
April
May
June
July
August
September
October
November
December
Annual avg.
0

10
5.04
5.98
6.51
5.76
5.78
5.28
4.99
5.09
5.33
4.67
4.27
4.5
5.26

25
5.35
6.16
6.41
5.39
5.65
5.22
4.9
4.9
5.14
4.69
4.44
4.78
5.25

12
5.41
6.16
6.52
5.85
5.78
5.29
4.99
5.1
5.34
4.71
4.45
4.84
5.36

* Here, 12 angle at AM1.5 has been chosen as fixed south faced model for the project

Solar PV System Design


System Overview
SPV Array Peak Power
No. of SPV strings
Connection of PV modules in
each string
Inverter
Inverter Type/Topology
Total no. of Inverters
Strings/Inverter

1082KWp
206
Series
20KW MPPT based 3 phase string
Inverter
MPPT & Transformer Less
53
4/1

Modular Components
Components

Specification

Max Peak
Power=250Wp
Voc= 36V ;Vmp=
29V Isc= 9.25A ;
Non-Modular Components
Solar PV
modules

Components
Inverters
Transformer
SCADA/Moni
toring
System
Circuit Breaker
DC Disconnect
Switch Gear

Distribution
Panel
Isolator
Cables

Electrical
Specification
20KW, 3Phase &MPPT;
Vmax= 800V
1250KVA
Integrated with
Remote Monitoring
system to
web
based
Inverter
Busbar=
46A 3p;
busbar/Panel box to
transformer=
1600A
1000V,20Amps

Quanti
ty
4326

Make

Quanti
ty
53

Make

1
1
53
1
206

Rated voltage=12KV;
Rated main
busbar
current(Max)=1
250A;
SC
NAwithstand capacity

Vmax= 12KV;
Max cont.
2
DC Side= 10 mm
AC Side=LT:
2
16mm & HT:
2
185mm

Solar PV Module Specification & Array Sizing Details


Required Electrical Characteristics of
SPV Modules
Design criteria
IEC-61853-1
Watt Peak

250Wp

VOC

37.20V

VMPP

30.10V

ISC

8.87A

IMPP

8.30A
15%

Module
Efficiency/modu
le
areaTolerance
Power

2%

Technology

Si-Poly

No. of cells

60 cells in series

Required Temperature Co-efficient


Characteristics
o
@ STC45 2 oC
NOCT ( C)
Module Efficiency

-0.07 0.01

Temp.
Co-Eff. Of Pmax
o
(%/ C)
Temp. Co-Eff. Of Voc

-0.43 0.05

Temp Co-Eff. of Isc o


(%/ C)

0.065 0.05

Required Operating Condition


Details:
1000V
Maximum
System
Maximum Fuse
Rating
Limiting Reverse
Current
Operating
Temp
Range
Max Static
Loadfront(Snow+
Max Static
LoadRear(wind)

15A
0

(-10 to 60) C
5500PA
2500PA

Model design parameters


R shunt250 ohm
R shunt (G=0)2100 ohm
R series model0.29 ohm
R series max0.37 ohm R series apparent0.47 ohm

-0.34 0.05

PV Module Behavior at different irradiance level


2
2
PV Parameters
@ 1000W/m
@800 W/m
PMPP
VOC
VMPP
ISC
IMPP
Module
efficiency
Temperature
coeff

15A

249.8.2W
37.2V
30.1V
8.87A
8.31A
15.54%
0
-0.43%/ C

200.6 W
36.8 V
30.2 V
6.64A
7.10A
15.32%
0
-0.43%/ C

@ 400 W/m
100.00
35.8V
30.1V
3.55A
3.33A
15.27%
0
-0.44%/ C

Solar PV Array Sizing & Connection Details


0
conditions
At STC (25 C)
Suggested array Size
Actual Solar PV Array
Size Peak of each SPV
Watt
module
Total
nos. of
SPV module
required
Total
nos. of strings
Nos. of SPV
modules in each
string
SPV connection in each
string
String voltage (VMPP)
String current (ISC / IMPP)
Connection of strings
Array voltage (VOC /
V
MPP) current (ISC / IMPP)
Array

At Avg. Ambient

1100 KWp
1082KWp
250Wp
4326

1100KWp
1100KWp
263Wp
4326

206
21

206
21

Series
609V
8.87A/8.3A
Parallel
780V/635V
1830A/1710A

Series
630V
9.51A/8.82A
Parallel
750V/620V
1960A/1816A

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Page
10

Detail Solar Inverter Specification & Design Details


Inverter Type
Quantity

String Inverter (MPPT)


53

INPUT (DC)

Max. Power
Max absolute Input Voltage
Start Voltage
Nominal MPP voltage range
Max Input Current per string
Nos. of Independent MPP
inputs/strings per MPP inputs

23KW
1000V
350V
490V-800V
41.5A
1/6

OUTPUT (AC)

Rated Output Power


Max. Apparent AC Power
Power Threshold
Nominal AC Voltage/range
AC Power Frequency/ range
Max. output current
Power factor at rated power
Feed-In phases/connection
phases
Efficiency
Max. Efficiency

20000W
20000VA
20W
3/N/PE;230/460V
50Hz
3x29A
1
3/3
98.7%

Protection Details

DC Disconnect
DC Surge Arrester
Protection Class
Total harmonic distortion
Operating Temperature range
Noise Emission
Self Consumption
Cooling option
Protection type
Remote Monitoring System
User Interference &
Communication
Electrically Isolated relay output
Status Display
Inverter to inverter
communication
Anti-islanding
protection
Inverter connection details

Available
Available
I (as per IEC 62103)

Total nos. of inverter


Nos. of strings per inverter
Connection of strings/inverter
Inter-inverter connection
Inter-Inverter isolator

53
4
Parallel
Parallel into Cu busbar
Provided

<1.8%

-25 -60 C
<35dB
<25W
Forced Air-cooled
IP65 (as per En 60529)
With RS-485/Ethernet
Available
Available
Available
Available

Transformer Sizing
Design Criteria
Transformer type
Cooling type
Rated KVA
High Voltage rating
Low Voltage Rating
Nominal impedance
Impedance tolerance
Nominal secondary amps
Max SC withstand current
HV connection
LV connection
Operating frequency
Tap changer

IS-2026 / IEC-60076
Power transformer, core type with oil0
immersed ; 65 C winding temp rise
ONAN(Oil Natural Air Natural)
1250KVA
11000V
460V
4.7%
7.5%
1250A
20KA/3s
DELTA
Wye
50Hz
5% of full load capacity

Protective devices
components

Specification

Quantity

DC Disconnects

String to inverter= 1000V, 15A; 2


pole
(As per IEC-60947)
Rated voltage=12KV;
Rated main busbar
current(Max)=1250A; SC
withstand capacity = 25KA/3s
Dynamic capacity= 50KA
IP55
Inverter to Busbar= 60A 3p;

206

Switch gear

Circuit breakers
(MCCB)
(NOT required if Inverter
has inbuilt protection)

busbar/Panel box to
transformer= A 3p;

53
1

Main Isolator (HT side)


Design criteria
Operating
frequency
Nominal system
voltage

IS-9921/IEC129
50hz 3%
11KV

Max system
voltage

12KV

Max continuous
current
Rated SC current
for 3s

2500A
40KA

Rated peak
withstand
currentmicro
(KA sec
1.2/50
lighting withstand
Volts (KV peak)
Rated 1 minute
power
frequency
withstand
No.
of poles

63.5KA

Min creepage
distance

320mm

To earth
and
isolating
poles

Across the
isolating
distances

170

195

To earth
and
isolating

Across the
isolating
distances

75

85

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Page
12

Cable Sizing
DC Side Cables (strings to inverter)
Design criteria
Cable material
Single cable length per string to
inverter
Cross
section per string
Voltage drop
Relative power loss reference to
power temp.
Max DC
withstand

Max withstand current capacity


Conductor type
Insulation material

IEC-60811 & IEC-60216


Copper
70 ft
2
4 mm
0.18V
0.07%
Normal
Shortcondition
circuite
0
d 0C
90 C
250
42KA/1sec
Stranded
XLPE

LT Cables (Inverters to busbur/distribution panel)


Design criteria
Cable material
Max Single cable length per
inverter
to panel box
Cross
section
Voltage drop (3phase)
Relative power loss reference to
Max AC nominal power
Max withstand temp

IEC-60228 & IEC-60811


Copper
60 ft
2
16 mm
0.46V
0.23%
Shortcircuite
d 0C
250

Normal
condition
0
90 C

Max withstand current capacity


Conductor type
Insulation

2KA/1sec
Stranded
PVC

HT Cables (from distribution panel to feed-in point)


Design criteria
Cable material
Cable length from distribution
panel to feed- in point
Cross section
Voltage drop (total)

Relative power loss


reference to Max AC power
Voltage grade
SC withstand current capacity
Insulation

IEC-60502
Al
25 ft
2

L1
L2
L3

185mm
1.37V
1.37V
1.37V
0.57%
11KV(UE), heavy duty
26KA @1s
XLPE

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Page
13

Line Losses
Total cable
Cable cross
section
Power loss @
nominal
operation
Relative power
loss @ nominal
operation

DC Side

AC Side

Total

8120 ft
2
4 mm
35 KW

3070 ft
2
16 mm +185
2
mm
5 KW

11180 ft
2
2
4 mm +16 mm
+185
2
mm
40KW

0.07%

0.76%

0.83%

Busbar constructional Analysis


Busbar material

Main busbar

Busbar insulation

Al alloy
E91 E
gradeinsulated
Fully

Busbar length
Earthing bus materials

Auxilury
busbar
Copper

Main
Aux
3.5mt
0.75mt x 52
GS (IEEE std. 80/IEC-604391)

Earthing & Lighting Protection


Design Criteria

IEEE Standard-80

Grounding System

Earth grid
resistance
Placing of
earth
electrode

Earth Electrode sizing


Physical Parameters
Material
Min depth of earth pit
Components grounding
Lightning Protection
Design criteria
Placing
Dimension

Less than 10
ohm
Earth Pit

Heavy duty GI pipes, 32mm dia, 3mt


long
Galvanized Steel(GS), flat type
600mm
Min 75x10mm GS strip
As per IEC-62305
On the highest panel of array
40mm dia with 3m height
(vertical air termination)

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Page
14

CIVIL WORKS
Live Loads estimation of control room + admin
building
(as per IS 875:1987)
parameter
details
Remarks
2

Roof load
1750 kg/ m
Ground floor
Control
18000kg/
load
Office
5000kg/
2
Piping
50 kg/ m
2
Electrical +
26 kg/ m
Seismic
loaddrainage
Roof

As per IS-456
As per IS-456
IS-456
As per IS-456
As per IS-456
As per IS-456

Roof drain
6
heads
Construction
details
Interwall
Cement :
1:6
Interwall
230mm
thickness
Parapet walls
Cement :
1:4
thickness
115mm
Steel
work

Reinforced bars will be


provided as per IS
800:2007

PV Array mounting & constructional details


PV tilted angle
Mounting type
Overall dimension
Foundation
Foundation grade
Wind load
Fixing type

Total Land required

13 (@1070 W/m /day)


Ground mounted
As per design
Plain cement concrete
1:5:10
9.72 Km/hr
SS 304 fasteners

5 acres

System Performance Analysis & Simulation

Solar Paths at site on monthly basis

Reference Incident energy in collector plane

Normalized production per installed KWp

Performance Ratio (PR)

Normalized Production & Loss factor

Daily System Output Energy

SPV Array Power Distribution

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Page
18

Overall Power plant performance Summery


Total no. of PV modules
4326 (250Wp)
Total nos. of Inverters
53 (20KW)
Max DC input per
21KW
Nominal PV power
1082 KWp
Max. PV power output
1027 KWdc
Nominal AC power
1060KWac
Max operating power @
962KWac
Max operating power
1027KWac
@Ambient
Temp.
Plant
production
1655 MWh/year
Specific production
1526KWh/KWp/year
Normalized production
4.2 kWh/KWp/day
Array losses
0.87 KWh/Kp/day
Overall losses
0.22 KWh/KWp/day
Performance ratio
0.80

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Page
19

Time line of the project

Design

Land
acquisit
ion

Preparation of design & estimation of the plant


15 working days required.

As per design requirement, proper land selection & acquisition processed.


Time required 1 month

Power Purchase Agreement(PPA) with private power purchaser need to be finalized at a feasible rate.
Required time is 15 working days

PPA

DPR

Preparation of Detailed Project Report including technical feasibility of the project prepared.
Time required 6 working days.

Arrangement of finance/fund for the project from nationalized or private financing agency with
significant interest rate and equity share will be finalized.
Required time for this stage is 1 month.

finance

After finalizing PPA and arrangement of fund for the project, procurement work starts including
preparation & finalizing of vendor selection, BOM, BOQ, order placing, follow-ups of delivery to
site/warehouse.
procurem Estimated time for this step is 1 month.
ent

After the processing of procurement, first civil construction at the site starts for PV mounting structure
set-up and
control-room, administrative building. Finishing the civil works, PV installation & all electrical
constru
construction works including the Grid Evacuation will be processed.
n Estimated time for this whole work is 2 months.
ctio

commis
sio
ing

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Page
20

Commissioning of
the plant by
authorized govt.
body or certified
3rd party will be
done followed by
Completion of
project
execution.
required time for this
step is 6 working days.

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Page
21

Operation & Maintenance of Plant


Why do we need an O&M for Solar PV power plant?
As every plant needs a regular maintenance work to make it functional & in
well-condition, so in this case also, a PV power plant also requires a sound
& efficient operation & management team to perform all the work after
plant commissioning.
A detailed structure of O&M team has been provided here in a hierarchy
model to demonstrate in a simpler way.

operation
manager

Plant manager

maintenance
Engineer (Mech)

Maintenance
engineer(E&IE)

Technician1

Technician2

skilled labour1

skilled labour2

control room
technician

Skilled labour1

Supply chain
executive

skilled labour2

Accounts
executive

Financial Analysis & feasibility


Initial Investment in terms of components cost & service charges
Sl.
No
.
1.
2.
3.
4.
5.

Components/services

6.
7.
8.
9.

SCADA/RMS
Project execution &
Construction works
Grid evacuation

Solar PV modules
Solar inverters
Transformer
Protective devices
Wires/Cables

Total
cost
(in
45,100,000
11,660,000
2,940,000
1,200,000
1,000,000
1,000,000
2,000,000
4,000,000
1,000,000
(assumed)

10.

Other official works

1,000,000

Total Project investment

Remarks
41rs/Watt peak
11rs/Watt peak
From international
From international
vendor
Considering
IEC
codes & ISO
certified

Assumed because of
having no sufficient
data
Subject
to change
as per rules
70,900,000 INR

Total expenses over the year for plant O&M and staffing = 2,000,000
This expense is considered for regular maintenance cleaning of PV array,
checking the status of inverter, cable-fault checking, emergency
maintenance & replacement of components and annual salaries of O&M
team of the plant.
Loan Interest rate is @12% over 70% of total project cost which shall be
completed within next 7 years (the rest 30% as equity shares).
Estimated time period
Total Loan amount
Interest rate
EMI
Monthly interest
total Interest paid

7 years
49,630,000
12%
876,110
285,270
23,962,830

*all the amounts are considered in INR currency.

10 years
49,630,000
12%
712,050
298,460
35,815,600

Detailed Analysis of Installment, EMI, Interest of


the 70% project
finance/fund
Sl.
No.
1
)
2
)
3
)4
)
5
)6
)
7
)
8
)
9
)
1
0
1
1
2
1
3
1
4
1
5
1
6
1
7
1
8
1
9
2
0
2
1
2
2
3
2
4
2
5
2
6
2
7
2
8
2
9
3
0
3
1
3
2
3
3
4
3
5
3
6
3
7
3
8
3
9
4
0

Installme
nts
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

EMI
0
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5

Monthly
principle
0
379,80
5
383,60
3
387,43
9
391,31
4
395,22
7
399,17
9
403,17
1
407,20
3
411,27
5
415,38
7
419,54
1
423,73
7
427,97
4
432,25
4
436,57
6
440,94
2
445,35
1
449,80
5
454,30
3
458,84
6
463,43
4
468,06
9
472,74
9
477,47
7
482,25
2
487,07
4
491,94
5
496,86
4
501,83
3
506,85
1
511,92
0
517,03
9
522,21
0
527,43
2
532,70
6
538,03
3
543,41
3
548,84
7
554,33
6

Monthly
Interest
0
496,30
0
492,50
2
488,66
6
484,79
2
480,87
8
476,92
6
472,93
4
468,90
3
464,83
1
460,71
8
456,56
4
452,36
9
448,13
1
443,85
1
439,52
9
435,16
3
430,75
4
426,30
0
421,80
2
417,25
9
412,67
1
408,03
6
403,35
6
398,62
8
393,85
3
389,03
1
384,16
0
379,24
1
374,27
2
369,25
4
364,18
5
359,06
6
353,89
6
348,67
4
343,39
9
338,07
2
332,69
2
327,25
8
321,76
9

4
1
4
2
4
3
4
4
5
4
6
4
7
4
8
4
9
5
0
5
1
5
2
5
3
5
4
5
5
6
5
7
5
8
5
9
6
0
6
1
6
2
6
3
6
4
6
5
6
6
7
6
8
6
9
7
0
7
1
7
2
7
3
7
4
7
5
7
6
7
7
8
7
9
8
0
8
1
8
2
8
3
8
4
8
5

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5
876,10
5

559,87
9
565,47
8
571,13
3
576,84
4
582,61
3
588,43
9
594,32
3
600,26
6
606,26
9
612,33
2
618,45
5
624,64
0
630,88
6
637,19
5
643,56
7
650,00
2
656,50
2
663,06
8
669,69
8
676,39
5
683,15
9
689,99
1
696,89
1
703,86
0
710,89
8
718,00
7
725,18
7
732,43
9
739,76
3
747,16
1
754,63
3
762,17
9
769,80
1
777,49
9
785,27
4
793,12
7
801,05
8
809,06
8
817,15
9
825,33
1
833,58
4
841,92
0
850,33
9
858,84
2
867,43
1

316,22
6
310,62
7
304,97
2
299,26
1
293,49
2
287,66
6
281,78
2
275,83
9
269,83
6
263,77
3
257,65
0
251,46
6
245,21
9
238,91
0
232,53
8
226,10
3
219,60
3
213,03
8
206,40
7
199,71
0
192,94
6
186,11
4
179,21
4
172,24
6
165,20
7
158,09
8
150,91
8
143,66
6
136,34
2
128,94
4
121,47
2
113,92
6
106,30
498,60
6
90,83
1
82,97
9
75,04
7
67,03
7
58,94
6
50,77
4
42,52
1
34,18
5
25,76
6
17,26
3
8,674

www.renewpowerzo
ne.in

Page
24

Net Cash Flow/year Estimation (all amounts are in INR)


Initial Investment
70,900,00
Expenses for O&M per year
2,000,000
Total amount paid/year for loan(7
10,513,320
years term considered)
Tolerance factor
2%
Total amount to be paid per year
12,763,600
Energy generated per year
1,655MWh
PPA rate for next 12 years
7.5rs/KWh
REC floor price
12,000rs/MWh (approx.)
Gross cash flow through PPA
12,412,500
Gross cash flow through REC trading
19,860,000
Net Cash Flow (NCF) per year
21,759,180

www.renewpowerzo
ne.in

Page
25

NET CASH FLOW & PAY BACK PERIOD


Now according to Discounted Cash Flow method (considering @10% DCF)
years
1
2
3
4
5
6
7
8
9
10

Present value of rs.1 @10%


0.909
19,779,094.62
0.826
17,973,082.68
0.751
16,341,144.18
0.683
14,861,519.94
0.621
13,512,450.78
0.564
12,272,1
0.513
11,162,459.34
0.467
92,145,357.80
0.424
83,660,898.56
0.386
76,162,987.84

So, Pay Back Period= 6 years 1 month (approx.)

Most suitable vendors/suppliers of the project


Solar PV modules

Inverter

Transformer

Switch gear
DC Disconnect
Circuit breaker

SCADA/RMS
Cables

Isolator

1
.
2
.
3
.4
.
5
.
6
.1
.
2
.
3
.4
.
5
.
6
.1
.2
.
3
.
4
.1
.
2
.
1
1
.2
.
1
1
.
2
.
3
.4
.
1
.
2
.
3
.

Vikram Solar
Waaree Energies
Sova Power
Canadian Solar
Trina Solar
First Solar
Power One
SMA
Smart Power
REFusol
Delta
Schneider Electric
ABB
Schneider Electric
Ascott transformer
Voltech
Schneider Electric
Megawin
Schneider Electric
Megawin
ABB
Draker
Havells
Finolex cables
RR Kabels
Anchors
ABB
Schneider Electric
Megawin

THANK YOU