Page 44

energetica-india-56

RENEWABLE ENERGY vere flooding, panel quality, financial crunch or administrative issue. 3. There is no specific pattern for higher generation based on site location specifically in Gujarat. For example, mono steel plant is located near UNA in Saurashtra region (south-west part of Gujarat) is having has a very good generation in comparison to Konark power project that is located in Kutch. 4. Thin film and crystalline panels both shows similar same result of generation irrespective of site location again. 5. Trackers do not seem to make much of a difference if the plant is well maintained Tracker or no tracker; It does not make much of difference in Generation if plant is well maintained. Expected increase of 20% in generation by using trackers may not always work with few of them I observed 20% increase in generation has no standing as it looks like. 6. Leaving a few extraordinary living few sporadic cases of emergency for any power plant, there was virtually no there was No or almost Zero downtime found in transmission line outage from GETCO. Well maintained grid. Kudos to Mr.Negi, the MD of, GETCO Mr. Negi. 7. Approximately for the total of 1430 Gwh power generated by all the solar power plants, all developer, GUVNL has may have paid approximately around 1,717 crores Crore INR in 2015. I have taken Rs. 12/Kwh as average PPA tariff though many are getting paid at Rs. 15/Kwh and few are in Rs. 9.13/Kwh range as per 2009 solar policy. 6. Above calculation and chart raises some very serious questions. If Gujarat based solar power plants are project is showing nearly 1,590,000/ Kwh/Year/Mw which is second best radiation state in INDIA, what kind of generation can we can expect in other state like Eastern, North Eastern or southern state where radiation is lower than Gujarat. Many of Gujarat based solar projects had their projects commissioned at a cost of project EPC totalling around INR 9 to 13 crore per MW, having it completed prior to Panel price fall. These projects also have debt cost of leaving few, most Gujarat developers are nearly paying 10 to 13% interest on debt taken on their project. The projects have completed 2-3 years Also to note that most projects have been finished their second or third anniversary of COD hence and so we have not yet seen major panel degradation has yet to take place in few years following now. Though Gujarat solar projects developers have are having higher tariff, a single low generation year can break their financial viability and can push their tobe manageable project into debt-interest sinkhole. With the above analysis, projects in many other states- At this point in time while looking at Gujarat based solar developers, though Tariff to cost ratio seems legit but Many of Gujarat based solar projects had their projects commissioned at a cost of project EPC totalling around INR 9 to 13 crore per MW, having it completed prior to Panel price fall for many AP, MP, Karnataka, Tamil Nadu, Maharashtra based developer, forwith whom INR 5.5 crores Crore/ MW cost and tariff of with Tariff of just at INR 4.34 or above, maybe aren’t they are venturing into high risk zone in case plant fails to generate power as per set thumb rule calculation. Its investor to decide even after taking International easy 2 to 5% interest debt, will they be repay back the same at a time when Rupees is devaluating day in day out. Summer is already there and it’s time to make good generation and so is money for all investor  44 energetica INDIA · MAR16


energetica-india-56
To see the actual publication please follow the link above