Narmada Canal Project, Gujarat Rovigo, Italy 1 MW solar ... Manu Karan 2014_11_11 - CII...

BEST SOLAR POWER PRODUCERIPPAI POWER AWARDS 2012

Narmada Canal Project, Gujarat1 MW solar plant over 1 km on the canal

Rovigo, Italy70 MW

P. 2 | SunEdison Confidential

Contents

SunEdison Showcase Installations

SunEdison – Introduction

SunEdison Services – Global Footprint

Net Metering discussion


SunEdison Overview

Top 3 Solar PV player globally Manage a fleet of over 2,000 MW of solar PV plants globally Current solar generation pipeline of ~3 GW Built 100 MW commercial / Solar PV plant with no government subsidy in

Chile 6,000+ employees in 25 global locations

Demonstrated track record with financial institutions Over $5 Bn in financing experience Ground-breaking $1.5 Bn fund with private equity investor, First Reserve Listed on NYSE (SUNE) with Market cap of approx $4.2B, among Fortune

1000 companiesPioneer provider of solar systems and services First to provide solar PPA in 2003 - commercial turnkey solar power plants 50:50 JV with Samsung for FBR Poly silicon manufacturing in Korea

SunEdison background Founded in 1959 as MEMC; 55 year old leader in manufacture of silicone

wafers for solar and semiconductor Launched MEMC I.P.O. on the NYSE in 1995 MEMC acquired SunEdison in 2009 and in 2013 the named was changed to

SunEdison

We develop, build, finance and operate turnkey solar power plants to provide our customers electricity at predictable and competitive prices

KEY MILESTONES1959 Monsanto Electronic Material

Company formed

1962 CZ silicon crystal process developed

1975 First commercial production of 100mm wafers

1995 MEMC I.P.O. on the NYSE

2003 SunEdison signs first solar PPA (Power Purchase Agreement)

2006 Announced entry into solar wafer market on a large scale

2009 MEMC acquires leading solar project developer SunEdison

2010 Acquired Solaicx and Continuous Czochralski (CCZ) technology

2010 SunEdison builds largest PV plant in Europe (70 MW)

2011 MEMC announces solar cell and module partnerships

2013 MEMC changes name to SunEdison


SunEdison’s Global Presence

MEMC Offices/ Manufacturing Facilities SunEdison Downstream LocationsSt. Peters, MissouriSanta Clara, CaliforniaSherman, TexasParis, FranceNovara, Italy

Shanghai, ChinaHsinchu, TaiwanSeoul, South KoreaTokyo, JapanSingapore

Belmont, CaliforniaToronto, CanadaSan Francisco, CaliforniaDenver, ColoradoBeltsville, MarylandPennsauken, NJShanghai, ChinaTaipei, TaiwanSeoul, South KoreaManila, Philippines

Chennai, IndiaBangkok, ThailandMadrid, SpainJohannesburg, South AfricaKuala Lumpur, MalaysiaSydney, AustraliaTokyo, JapanDubai, UAERiyadh, KSA

SunEdison’s Regional Headquarters: Asia, Pacific, SA, GCC–

Chennai, India

Europe & MENA –Madrid, Spain

Americas –Belmont, California

Singapore

Belmont, California

.

Madrid, Spain


Growth Trajectory of SunEdison

Solar PV Systems Completed Rapid growth and profitable in a

very difficult environment >10x increase in annual

installations rate over the past 3 years

Over 2000 MW of Solar PV plants under management

Expect MW growth to continue in future

MW Completed: MW Sold plus MW on balance sheet

Completed MWs

1,000

536

430

283

11038

20102009 2014 E20122011 2013


Contents




Net Metering discussion


Strong worldwide expertise in Distributed Generation

Otay Mesa Water Treatment Facility

Alamosa, Colorado

City of Rifle

Rovigo, Italy

Car Park, Korea


SunEdison Representative Projects

Puglia, Italy – 25 MW

Lazio, Italy – 3 MW San Diego, USA – 1 MW San Juan, Puerto Rico – 3 MW

MASDAR City, U.A.E. – 1 MW Cádiz, Spain – 2.3 MW



END-TO-END MONITORING SOLUTIONS

GLOBAL LOGISTIC EXPERIENCE

3 CONTINENTS ... and counting

2,000 MW

>1,200 PLANTS

SunEdison service provide system reliability and higher power plant production enabling maximum return on investment.

SunEdison operates and monitors a large portfolio of self-owned and third-party PV power plants across the globe.

SunEdison Services is a business unit of SunEdison, and is also a separate legal entity, wholly-owned by SunEdison, LLC.

RENEWABLE OPERATIONS CENTERS

3 ROC’sBelmont (CA), Madrid (Spain), and Chennai (India) are all locations with Renewable Operations Centers.


SunEdison Renewable Operations Center (ROC)


Plant Performance of SunEdison Fleet

* IPR (Investor Performance Ratio): Annual solar power produced compared to the pro-forma estimate by an independent engineering firm

SunEdison’s fleet performance has continued to improve as capacity has grown due to innovations in the service platform:

2006: First Director of Operations Hired

2007: On-line energy management portal (Client Connect) released

2008: On site energy monitoring and REC-verification platform (SEEDs) deployed

2009: Renewable Operations Center (ROC) comes on line to manage worldwide fleet

SunEdison’s five year average fleet production is 3%more than underwritten production estimate


Contents

SunEdison - India



Net Metering Discussion


India PresenceHighlights• Largest foreign investor in Indian

Solar Space

• ‘1-A’ accredited Channel partner with MNRE.

• Established India’s first private solar energy sale

• Solar Projects: 193.94 MW in India across 110 sites (in a span of 4 years)

• Includes 8.7 MW under construction this quarter

• Key projects include • Diesel hybrids• 1MW Narmada Canal• Gujrat Rooftop programme• 500 kW for Delhi Metro• 18.75 MW Solar Park in

Tamil Nadu

Rajasthan 69.268 kW

Punjab 386kW

Haryana 476kWDelhi 650 kW

Gujarat 49,002 kW

Madhya Pradesh 56,175 kW

Maharashtra 2,029 kW Key

SunEdison Offices/Service CentersCommissioned Projects (As per Sep’ 2013)

Projects under construction

Solar Park

Karnataka 1,549 kW

Tamil Nadu 13,218 kW

Uttar Pradesh 1,163 kW

Andhra Pradesh 20 kW

Solar City

`

`


Select Customer Base – Repeat Business

Private Customers

UtilityCustomers

Delhi Metro

TVS Brakes India


Leader in Distributed Generation Projects

Registered as ‘1-A’ channel partner with MNRE Pioneered the Rooftop Solar Private PPA in India (Standard Chartered Bank, Chennai) Successfully implemented rooftop plants with zero roof damage using our proprietary Non-penetrating

‘Delta Rack’ structures and clamp structures

Intel (500 kW), Bengaluru

Super Auto Forge (360 kW), Chennai Tubes India (140 kW), Chennai

Delhi Metro (500 kW), New Delhi

Tubes India (140 kWp), Chennai

Auto OEM (300 kW), Chennai

Airtel (100 kW), Uttar Pradesh


Contents




Net Metering Discussion


Rooftop Solar - Segmentation

Segment Typical kW size Load Density (kVA / Sq. m)

365 day time usage

HT - Industries 300kW – 2000kW+ High Sunday holiday

Educational Institutions 50kW – 1000kW Low 200-250 workingdays

Warehouses 100kW – 400kW Low Very lowconsumption

Banquet Halls 200kW – 300kW High 100 – 150 consumption days

Cold Storage 100kW – 300kW High Malls 300kW – 500kW High Cinema Theaters 200kW – 300kW High Hospitals 100kW – 400kW High Large Residential 100kW – 250kW Low Very low day time

consumption


Understanding onsite Rooftop Solar

GenSet

Grid

AC DistributionBoard

LoadsDG CB

PV CB

PV Array

AC Bus

Grid CB

On-site installation Rooftop/ Ground-mount For captive consumption

18First Priority


Problems without net-metering - 1

Double Charging for units flowing back to the grid Consumption meter increments for units fed-back

Digital Electricity Meter

+ 1+ 1

Grid Consumer



Some Discoms ask to install an RPR (Reverse Power-Flow Relay)• Stops reverse flow of power from consumer• Relay trips every time reverse power is detected above a certain

threshold

But• Early morning & late evenings, generation is below detection

threshold• Reverse current is still incrementing consumption meter• Every time the relay trips and turns back on, solar inverter

resynchronization takes atleast 5-6 min of time• Loss of generation


Parameter Economics

. (+)INR 170.0 L

(-)INR 57.8 L

INR 112.2 L

(-)INR 29.6 L

(+)INR 2.6 L

INR 27.0 L

Total Project Cost

Tax benefit from AD

Effective Project Cost

Annual Savings Yr 1

O&M ExpensesYr 1

Effective Savings (Expected) – Yr 1

Return on Investment

Payback Period < 5.5 Years

~ 18%

Project Economics – 200kWp Solar Installation for 365 day consumption

ASSUMPTIONS Project Details

• Poly C-Si modules Fix Tilt• Phased capacity addition• Location : Punjab

Annual Generation• 1.45 Lakhs kWh per 100kWp• Degrades at 0.5% YoY

Tariff and Charges• Diesel Rate Rs. 60/L• Diesel usage: 30%• Grid Tariff: Rs. 6.00 / kWh• Blended tariff: Rs. 10.20 / kWh

Financing Assumption• Debt : Equity (70:30)• Interest rate: 12.5%; Term: 7yrs

With 365 day consumption, payback is approximately 5.5 years



Parameter Economics

. (+)INR 170.0 L

(-)INR 57.8 L

INR 112.2 L

(-)INR 24.3 L (+) INR 1.5L

(+)INR 2.6 L

INR 20.2 L

Total Project Cost

Tax benefit from AD

Effective Project Cost

Annual Savings Yr 1

O&M ExpensesYr 1

Effective Savings (Expected) – Yr 1

Return on Investment

Payback Period < 7 Years

~ 15%

Project Economics – 200kWp Solar Installation for 300 day consumption

ASSUMPTIONS Project Details

• Poly C-Si modules Fix Tilt• Phased capacity addition• Location : Punjab

Annual Generation• 1.45 Lakhs kWh per 100kWp• Degrades at 0.5% YoY

Tariff and Charges• Diesel Rate Rs. 60/L• Diesel usage: 30%• Grid Tariff: Rs. 6.00 / kWh• Blended tariff: Rs. 10.20 / kWh

Financing Assumption• Debt : Equity (70:30)• Interest rate: 12.5%; Term: 7yrs

Without net-metering, payback increases to minimum 7 years


Lower grid + diesel savings

Increased EBBill because of

reverse flow


The right scheme – Net Metering

Digital Electricity Meter

+ 1- 1

Grid Consumer


Net Metering benefits

Maximizes Solar PV potential by using entire rooftop

Less administrative efforts in disbursing payments to customer which is associated with pure Feed-in-Tariff mechanisms

Encourages right consumption behaviour• Drives consumer to try to have zero EB bill• Encourages consumer to be more energy efficient


Airtel , Lucknow100kWRCC RoofNon-penetrating Ballasted Rack

Intel, Bangalore, 500kWRCC RoofNon-penetrating Ballasted Rack


Daimler Benz, Chennai300kWNorth Lighting Roof (Galvalium)Non-penetrating Metal roof clamping solution


Daimler Benz, Chennai300kWNorth Lighting Roof (GalvaliumNon-penetrating Metal roof clamping solution


Non Penetrating Clamps

String Inverters

Bus Bar Evacuation


Tirunelveli Solar Park, TN18MWTracker Ground Mounted


Charanka Solar Park, Gujarat25MWGround Mounted


Airtel , Lucknow, 100kWRCC RoofNon-penetrating Ballasted Rack

Narmada Canal Project, Gujarat Rovigo, Italy 1 MW solar ... Manu Karan 2014_11_11 - CII...

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