Bankability of solar projects
24
Live Webinar on BANKABILITY OF SOLAR PROJECTS While you wait for the webinar to start, why don’t you claim Rs. 4,000/- worth of FREE credits to Order your custom Solar Energy Assessment Reports & Solar Layout Reports by making an account on www.ezysolare.com
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Transcript of Bankability of solar projects
Live Webinar on BANKABILITY OF SOLAR PROJECTS
While you wait for the webinar to start,
why don’t you claim Rs. 4,000/- worth of
FREE credits to Order your custom
Solar Energy Assessment Reports &
Solar Layout Reports by making an account on
www.ezysolare.com
Your Host
Puneet Singh Jaggi
1 GW+ of experience as Lead advisor to Project Owners, Lending Institutions and System Integrators.
[email protected] +91 9998025820
Some of my Previous Clients
Lending Institutions
Project Developers
Questions
You can raise a hand!
Long way to go!
95%
5%
Project Cost / MW Debt %age Target Required
Rs. 7 Cr 70% 100 GW Rs. 4.9 Lac Cr
Rs. 5 Cr 70% 100 GW Rs. 3.5 Lac Cr
5 GW out of targeted 100
GW by 2022 is met so far!
Project Delays are common
Delays in part are caused by inability to get Financial Closure!
Priority Sector Lending will help but at a small scale.
(Rs 10 Lacs for Individuals & Rs. 15 Cr for Utility Scale Projects)
What determines Financial Closure?
40%40% 20%
Promoter Technical Parameters Commercial
Terms
• Existing Relationship with Bank
• Financial Footing
• Experience in Solar
• Payment Security
• Land
• Substation
• Equipment & Contractor
• Interest Rate
• Repayment Period
• Debt:Equity Ratio
What determines Financial Closure?
40%40% 20%
Promoter Technical Parameters Commercial
Terms
• Existing Relationship with Bank
• Financial Footing
• Experience in Solar
• Payment Security
• Land
• Substation
• Equipment & Contractor
• Interest Rate
• Repayment Period
• Debt:Equity Ratio
Agenda for the Webinar
Bidding
National Solar Mission was 3 times over subscribed
Madhya Pradesh State policy was 10 times over subscribed
Rs 2 Lacs CrCumulative Losses of State Discoms
According to CARE Ratings
Uttar Pradesh > Tamil Nadu > ……………………………. > Madhya Pradesh > Gujarat
3.28 > 3.79 > ……………………………. > 5.59 > 7.63
Site Assessment
Generation Characteristics Substation
Site Assessment
Generation Characteristics Substation
Solar Energy Assessment
• Conservative Estimates
• Based on Accurate Weather Data
• Actual Generation Data of Plants around
Site Assessment
Generation Characteristics Substation
Solar Energy Assessment
FREE
Site Assessment
Generation Characteristics Substation
Soil Type
Site Assessment
Generation Characteristics Substation
Shape
FREE
Site Assessment
Generation Characteristics Substation
Legal Record
Site Assessment
Generation Characteristics Substation
Site Connectivity
Site Assessment
Generation Characteristics Substation
Design & Procurement
Design Contractor Equipment
• Optimised for:
• Cost
• Quality
• Life
Design & Procurement
Design Contractor Equipment
• Tier 1 in terms of:
• Experience
• Financial Strength
• Quality Standards
• Performance Guarantees
• Defect Liability Period
• Performance Ratio
Design & Procurement
Design Contractor Equipment
• Tier 1 in terms of:
• Compliances
• Experience
• Service Support
• Pre negotiated Warranty
& Service Agreements
• Moving Deity Temples
• Local Employment
• Local Empowerment
Installation & Commissioning
Timeline Local Issues Compliances
• Long Lead Items
• Modules
• Transformers
• HT Panel
• Contingency Planning
• More than 30 permits for
a solar project:
• Evacuation
• Land Acquisition
• Commissioning
Delay in project execution burdens the project with cost overruns
Interest During Construction | Rising Overheads | Delay is Cash Realisation
Operation & Maintenance
Manpower Spares Monitoring
Maintaining the Solar Power Plant in no Rocket Science!
That’s all folks…
Mohit Agarwal: +91 9925345121
Puneet Singh Jaggi: +91 9998025820
