Strategic Energy Management For Resilience

1

Making Sense of Solar

LeasingSamridh Goyal

6th October 2015

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Solar Horizon

Profile &

Background1

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About Solar Horizon Pte. Ltd.

• Solar Leasing specialist for

commercial & industrial rooftop

Solar power

• Singaporean Solar Leasing

company partnered with

leading EPC SolarGy

• Zero-Cost, Zero-Risk approach

to Solar PV

• Backed by corporate

Singaporean Investors & banks

• Preferred Solar provider for

Singapore’s leading Fortune 200

Leasing Project by Solar Horizon

for ST Kinetics Ltd.

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Project References

Woh Hup (Private) LimitedSingapore’s first solar worker’s dormitory for it’s largest construction company

Keppel FELS Ltd.First solar leasing for Marine sector in SG

Singapore Technologies

Kinetics Ltd.First solar leasing in

Defense sector in SG

SkyGreensSingapore’s largest vertical farm supplying exclusively to NTUC.

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Solar in Singapore2

Solar in Singapore 1

High-Rise Commercial

Solar in Singapore 2

Flat-Roof Commercial

Solar in Singapore 3

Metal-Roof Industrial

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Solar Leasing

Explained3

Changing the Solar Game

SOLAR

LEASINGInnovation Finance

What is Solar Leasing?

Third-party financing and operating model for rooftop

Solar PV systems.

Benefits of Solar Leasing

Activate your unused rooftop to generate clean power and

save your business money – at no cost and no risk.

• Activate vacant rooftop space to harness solar power

• Zero-investment model

• Pay only for power consumed

• Guaranteed savings from discounted solar tariff

• Green Leadership story (at zero-cost)

• Enhance Energy Efficiency Targets at zero-cost

• Increase Property Value

Meet Sustainability Goalsf

1. Reduce Emissions –1000 kWp of Solar PV offsets more

than 13,500 tons of CO2 over system lifetime

2. BCA Green Mark –Green Mark V.5 stipulates all new

buildings to have “Solar Ready” roof.

3. Corporate Responsibility –Play your part as a

responsible Corporate Citizen (at no extra cost)

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Solar Leasing

Business Models4

Solar Leasing is all about..

Who takes

on the

RISK?

Operational

Risk

Technology

Risk

Financial

Risk

Energy Price

Risk

Power Purchase ModelFloating Rate

Solar tariff discount pegged to prevailing grid rates

Grid Tariff Solar Tariff

Tariff

($

/kW

h)

Length of Term (Years)

Key Features

Guaranteed Savings from pegged

Solar tariff discount (up to 10%)

Solar tariff always below the grid-

tariff (quarterly revisions)

Monthly billing for metered clean

energy usage

Free comprehensive Maintenance

& Insurance

Free system design & installation

Zero-Down-Payment

Risk Appetite Low -Med

Savings Potential Med

|

Key Features

Lock-in fixed energy rates for up to

25 years

Bigger discount on Solar tariff

means higher cost savings

Long-term energy price visibility

enhances cost control & planning

Monthly billing for metered clean

energy usage

Free comprehensive Maintenance

& Insurance

Free system design & installation

Zero-Down-Payment

High

Power Purchase ModelFixed Rate

Fixed solar tariff locks in low rates for the long termGrid Tariff Solar Tariff

Tariff

($

/kW

h)

Length of Term (Years)

Risk Appetite Med Savings Potential|

Power Purchase ModelVariable Discount Scale

Solar tariff discount pegged to Utility price

Grid Tariff Solar Tariff

Tariff

($

/kW

h)

Length of Term (Years)

Key Features

Guaranteed zero-cost solar as solar

tariff pegged to prevailing utility

spend

Solar tariff discount also pegged to

Utility price rise and fall (monthly

revisions)

As Oil prices & utility tariffs recover,

client will enjoy higher solar discount

Monthly billing for metered clean

energy usage

Free comprehensive Maintenance

& Insurance

Free system design & installation

Zero-Down-Payment

Risk Appetite Low Savings Potential Med|

Key Features

Maximize savings by purchasing your

own Solar system

Package offers Equated Monthly

Installment (EMI) payment terms

System ownership after 3 to 10 year

equipment lease term

Enjoy 100% savings on power

generated over 25 year system life

Free comprehensive Maintenance &

Insurance during lease term

Free system design & installation

Zero-Down-Payment

Hire Purchase ModelEquipment Lease

Energy savings offset installment payments for system

High

Risk Appetite Mid - High

Savings Potential

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

EMI - Annual Payment (Includes full O&M & Insurancel)

Annual Savings on Electricty Charges

Nett Total Energy Cost Savings

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Protect Your Long-

Term Interests5

Long-Term Flexibility

Site Transfer or Relocation

Drastic Change in

Grid Price

Major Advances in

Solar Technology

Future Development / Renovation

Site Sale or Takeover

Solar System Non-

Performance

Lease Completion

• Various options available after lease term completion:

- Takeover -take ownership & enjoy free power up to 30 yrs.

- Renewal -renew solar lease with latest technology

- Removal -we can remove the system at no cost to you

Energy Monitoring DisplaysWeb-based monitoring system with free LED screen

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Solar Leasing

Case Study6

Oil Rig Blasting Hall

Solar for Marine SectorKeppel FELS Shipyard

Installation of Cat-Ladder

Shipyard Constraints – Tall StructuresAccess to Rooftop

Safety During InstallationMounting Rails as Safety Anchors

Safety During InstallationSafety Lines + Travel Restraint System

Cooling Panel TemperatureRaised Clamp-based Mounting allows for Cross-

Ventilation & Wind Flow

Safety of EquipmentHard Panel Inverter Enclosures with CCTV

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THANK YOU