growing solar needs in haryana gurgaon

Solar Energy in India and the challenges ahead – gurgaon , delhi , noida ncr

India is blessed with immense solar potential. With about 300 clear, sunny days in a year, India’s theoretical solar energy incidence on its land area alone is about 5,000 trillion kWh per year, against production of 1.3 trillion kWh in 2014-15. Rajasthan, Jammu & Kashmir, Madhya Pradesh and Gujarat have the maximum potential. The availability of barren land in these states increases the feasibility.
The government’s target of 100 GW of solar by 2022 is a bold step. Out of this, 20 GW is planned from solar parks and 40 GW each from roof-top and distributed generation. Solar energy is set to become an integral part of electricity generation in India. The recent agreement at COP 21 in Paris, and India’s initiative to form a global solar alliance will enhance the capability of Indian solar industry.

 

$$$$
Get Solar Power Expert Advice on What You Need to Know If you are planning to install a solar power system in your home or business. Contact Us Now
ADLER Solar
Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web : http://www.adlergroup.in
$$$$

Opportunities:
Depending on specific requirements, solar power plants are setup under various models including:
Off-Grid Captive Consumption for domestic premises
Off-Grid Captive Consumption for commercial premises
Grid Connected (Net Metered) Captive Consumption for domestic premises
Grid Connected (Net Metered) Captive Consumption for commercial premises
Sale of Power generated to local Distribution Company (DISCOM)
Sale of Power generated to 3rd Party consumer (Industry or Commercial entity)
Current Status:
Solar roof top projects can play a significant part in decentralised generation. However, this space has seen little progress. The current focus is on grid connected plants; off grid will only play a modest role. Installation of small grid connected projects is also fragmented. The technology is early stage and cost is high. Energy is sold to state DISCOMs.

Large-scale mega-watt size projects are quite viable. The government has introduced reverse bidding for these. Reverse bidding definitely provides healthy competition but ignores the quality of assets in an even playing field. The competition to win the projects through auctions has resulted in some sub-standard assets. Therefore, it is a challenge for the industry to trade-off between cost and quality.
Mega size projects are backed by Private Equity (PE) players, who have major stake in Independent Power Producers (IPP). These PE institutional investors have global perspective and have significant exposure to emerging markets like India. They are the major drivers of the market with clear focus on Return on Investment and exit valuation.

 

$$$$
Get Solar Power Expert Advice on What You Need to Know If you are planning to install a solar power system in your home or business. Contact Us Now
ADLER Solar
Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web : http://www.adlergroup.in
$$$$

In the current scenario, the Investment Rate of Returns (IRR) is in the range of 14-16 %, which does not include currency risk. If the currency risk is hedged, ROI will be lower. But the critical aspect for the PE investor is exit valuation, which is predominantly based on cash flow and quality of the assets. Since there are no projects that have withstood entire life cycle in India, there is a major risk for debt financiers as well. Therefore, it is paramount for industry, utilities and IPP’s to work together to alleviate the risks in order to attract investments.
During the recent auction in the state of Andhra Pradesh, SunEdison bid an aggressive tariff of Rs. 4.63/kWh. This was a surprise to many in renewable energy sector. It is argued that the low tariff is justified because the central government has lowered the risk by eliminating evacuation and land development risks, and by bringing a reputable company like NTPC as the off-taker. Softbank was the other aggressive bidder though SunEdison was lowest. Domestic players were unable to compete even though they had the same benefits. This raises two questions:
Is the reverse bidding process without pre-defined quality standards leading to a risk of poor quality assets? and
Can India’s domestic players compete with global players? It seems access to low cost capital is an issue. For India to achieve its long term vision and scale, domestic players need to be viable and have access to capital under substantially similar terms as global players.
Operation & Maintenance:
Arid and dusty regions dominate potential solar sites. These dusty environments call for regular washing of panels. Availability of water and its costs needs to be factored in calculations.
Grid Compliance:
The stability of grid is vital. Large scale solar projects can pose grid stability challenges when solar power is suddenly reduced or not available. Spinning reserves are the only effective large-scale option used globally. Bulk of India’s capacity is from coal which is unsuitable as spinning reserves. Hence, new gas plants need to be built to back up solar.
Also harmonics fed by solar generation distort the wave form and increase T&D losses. Therefore, it is paramount that Grid Code Compliance (GCC) is made a requirement before the projects are commissioned.
Conclusion:

 

$$$$
Get Solar Power Expert Advice on What You Need to Know If you are planning to install a solar power system in your home or business. Contact Us Now 
ADLER Solar
Mob: +91 9971170911 ,+91 9910733911
Email : info@adlergroup.in
Web : http://www.adlergroup.in
$$$$

India is a responsible nation and has volunteered to cut carbon emissions. The government’s decision to promote renewable energies like solar and wind is in the right direction. India will be one of the world’s largest markets for solar and wind, and as such, is attracting major financial investors and large global utilities.
There are ample opportunities for solar energy developers. The government has played a positive role in the recent 500 MW auction by addressing land acquisition, evacuation, and off-take by a reputable company like NTPC. For India to reach its 100 GW solar goal by 2022, we must require clear standards to ensure good asset quality and grid code compliance. In addition, India also needs to create spinning reserves and factor their cost in the big picture.

 

source : https://goo.gl/zHyUtd