Solar power is growing at such a rate that it had its hottest year for growth in the history of solar power, and the future still looks bright. According to forbes 25 growing business, solar is beating the tech company average as an industry.
Already in the lead as the fastest-growing clean and renewable energy source in America, solar power is growing to account for 29% of new American electricity, trailing just behind natural gas at 46%.
With the cost of solar power installations falling, and already down almost 10% from last year, there’s no question that the industry is growing rapidly. In the last year, solar power saw a massive 41% increase in installations. The previous 18 months solar’s growth outweighed its progress in the last 30 years.
Sunny Days for Solar
Changes in solar panel technology are making solar power installations easier, quicker, and cheaper. See how solar power has grown and changed in recent years:
The 80-Second Solar Power Installation
In 2006, a solar panel installation was occurring every 80 minutes. Now a solar power system is being set up every 4 minutes. By 2016 it will be every 80 seconds.
200 Gigawatts
In 2011, after 40 years of solar power, total installations were still only 50 Gigawatts. By 2012, they had doubled to more than 100 Gigawatts. By 2015, the size of global solar power should exceed 200 Gigawatts.
66%: Two-thirds of all solar projects worldwide were built in the past 2.5 years — the same proportion holds true in the United States.
.COST OF A 1 MW SOLAR POWER PLANT :ESTIMATE
ITEM
|
Rs (in lakhs)
|
Supply, Installation, Erection & Commissioning of Modules
|
370 (REC
|
Module Mounting Structure and associated civil works
|
80
|
Installation, Erection & Commissioning of Inverters
|
60 (AEG or )
|
Cables and associated civil works
|
40
|
Testing & Commissioning of Transformer
|
18
|
H. T. Panel and associated civil works
|
15
|
Meters with C.T. & P.T., Isolators, four pole structure & related evacuation system with switchyard lighting and civil works
|
18
|
SCADA, Weather station, Earthing & Lighting Protection
|
25
|
ACDB, DCDB, Batteries with Chargers, Control Panel etc.
|
08
|
String Combiner Boxes
|
12
|
Inverter & Control room, Boundary wall work, approach road with water tank
|
30
|
Insurance
|
09
|
Engineering & Men Power & Out of Pocket Expenses
|
15
|
Miscellaneous
|
Total 700 lakhs (7.00 Crores)
Mounting Structurers (with tracking - Single Axis)
|
80
|
Mounting Structurers (with tracking - Dual Axis)
|
140
|
Its a known fact that single axis and dual axis tracking technologies provide more than 15% additional generated power. However technical experts choose to operate without both single axis and dual axis tracking systems, simply to avoid any moving part in the plant. They want to avoid the risk of a breakdown ever.
Even CERC has estimated the cost of a solar power plant without taking tracking systems.
There are some newer Tracking systems which claim lower costs and higher efficiencies. Costing less than 10 % of the project cost and providing more than 25 % efficiency. These seem pretty good to go.
SNO
|
Particulars
|
Capital Cost Norm for Solar PV project (Rs.Lakh/MW)
|
% of total cost
|
1
|
PV Modules
|
344.50
|
43%
|
2
|
Land Cost
|
16.80
|
2%
|
3
|
Civil and General Works
|
94.50
|
12%
|
4
|
Mounting Structures
|
105.00
|
13%
|
5
|
Power Conditioning Unit
|
60.00
|
7%
|
6
|
Evacuation Cost up to
Interconnection point (Cables and Transformers)
|
105.00
|
13%
|
7
|
Preliminary and Pre-Operative Expenses including IDC and contingency
|
80.00
|
10%
|
Total Capital Cost
|
805.80
|
100%
|
COST OF 1MW WITH CNPV/ CSUN
ITEM
|
Rs (in lakhs)
|
Supply, Installation, Erection & Commissioning of Modules
|
330
|
Module Mounting Structure and associated civil works
|
80
|
Installation, Erection & Commissioning of Inverters
|
60 (BONFIGLIOLI )
|
Cables and associated civil works
|
35
|
Testing & Commissioning of Transformer
|
18
|
H. T. Panel and associated civil works
|
15
|
Meters with C.T. & P.T., Isolators, four pole structure & related evacuation system with switchyard lighting and civil works
|
15
|
SCADA, Weather station, Earthing & Lighting Protection
|
20
|
ACDB, DCDB, Batteries with Chargers, Control Panel etc.
|
08
|
String Combiner Boxes
|
10
|
Inverter & Control room, Boundary wall work, approach road with water tank
|
35
|
Insurance
|
09
|
Engineering & Men Power & Out of Pocket Expenses
|
15
|
Miscellaneous
|
Total 650 lakhs (6.50 Crores)
COST OF A 1MW SOLAR PLANT WITH TIER2 PANELS & PRACTISES
ITEM
|
Rs (in lakhs)
|
Supply, Installation, Erection & Commissioning of Modules
|
300
|
Module Mounting Structure and associated civil works
|
90
|
Installation, Erection & Commissioning of Inverters
|
55
|
Cables and associated civil works
|
35
|
Testing & Commissioning of Transformer
|
18
|
H. T. Panel and associated civil works
|
10
|
Meters with C.T. & P.T., Isolators, four pole structure & related evacuation sistem with switchyard lighting and civil works
|
18
|
SCADA, Weather station, Earthing & Lighting Protection
|
15
|
ACDB, DCDB, Batteries with Chargers, Control Panel etc.
|
08
|
String Combiner Boxes
|
12
|
Inverter & Control room, Boundary wall work, approach road with water tank
|
30
|
Insurance
|
09
|
Engineering & Men Power & Out of Pocket Expenses
|
15
|
Miscellaneous
|
Total 615 lakhs (6.15 Crores)
This is avoidable , solar power generation is a profitable project. with an investment of Rs.2 Crores one can earn upto 40 crores and more in the ensuing 25 years, so its better to go with tier 1 panels, BOS and practices.
Accelerated Depreciation of 80 % of the capital to companies with tax liability
REC route ideal for Companies with high tax liability, with AD benefit
Promoter’s equity approx Rs 2 cr/ MW
Detailed Project report cost included in the project cost
Bank loan can be 70%, with collateral security from promoter
Project viable even with own capital without bank loan
It takes 6 months to complete a project
As per REC route Rs 12.60/ unit (discom2.60, rec9.30) can be realised
, REC price range of Rs9.30-13.40 will be valid till 2017 march. Post 2017 march the price band will be announced by mnre .It is likely to be low to very low approx Rs 2-3.
1 MW can generate approx 1.5- 1.7million units per year
Govt selling price of electricity to go up to Rs 13 to Rs 14 per unit:
WE NEED YOUR SUPPORT TO MAKE INDIA TO BE SELF RELIANT,SUFFICIENT IN ENERGY.
CALL-09178803231,WHATS APP-+919090592003
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