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SOLARMONTHLY UPDATE
Issue I December 2015Vol. I
LSI Financial Services is a leading provider of innovative financial solutions to corporate India for over a decade.
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SOLAR TARIFFS DECLINE TO ALL-TIME LOW
OF ̀ 4.63 PER KWHR
Solar power tariff has touched an all-time low of `4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable-energy power plants.
SunEdison won a bid to sell solar power from a 500 megawatt plant in Andhra Pradesh under the Jawaharlal Nehru National Solar Mission at the rate of ̀ 4.63 per kilowatt-hour (KWh or unit).
GOVERNMENT EASES VGF NORMS FOR
GRID-CONNECTED SOLAR PROJECTS
The Government has decided to ease norms for releasing viability gap funding (VGF) under a scheme for setting up 1,000-MW grid-connected solar projects by central public sector u n d e r t a k i n g s a n d o t h e r G o v e r n m e n t organisations. Now, half of the VGF will be
released at the time of getting letter of intent and starting work, while remaining assistance will be released at completion of the project, according to an amendment posted on the website of the MNRE.
WORLD'S FIRST FULLY SOLAR POWERED
AIRPORT OPENS IN KOCHI
India has unveiled the first airport in the world to operate completely on solar energy. A solar power plant with 46,150 solar panels has been installed across 45 acres of land near the cargo area of Cochin International Airport (CIAL). It supplies the airport with 50,000 to 60,000 units of electricity per day, making the airport “absolutely power neutral”, according to a statement by CIAL.
The airport, which is the seventh busiest in India handling more than 1,000 flights a week, consumes nearly 48,000 units costing `336,000 ($5,160; £3,364) every day. At present, its solar power plant produces more energy than it needs and banks the rest with the state power grid for rainy days and night-time requirements. The installation of the solar plant cost nearly `63crore ($9.5m or £6.27m) and took around six months to complete. The company is hopeful of recouping the costs in less than six years. So far it has been a smooth journey for the airport.
The airport is now looking to inaugurate a new international wing in January 2016 comprising nearly 1.5 m sq. ft. which will require more energy than what the existing plant is generating. Additional solar panels will have to be set up if the authorities want to hang onto the "first fully solar powered airport" tag.
lSolar News Round Up
lSolar State Focus -Telangana
lCompany Limelight - Waaneep Solar Private Limited (WSPL)
lForeign Investment Corner
lTechnology Update
lSolar Bids in the Month of November 2015
Inside this Issue:
SOLAR NEWS ROUND UP
SOLAR MONTHLY UPDATE December 2015| 3
Figure 1 : State-wise Total CommissionedCapacity of Solar Power as of 31st October 2015
(MW) – 4,575.31 MW
Source: MNRE
SOLAR MONTHLY UPDATE December 2015| 4
Solar is an attractive option for Telangana because of its high peak power deficit. The peak power requirement and deficit in FY 2015-16 are expected to be 8,223 MW and 1,650 MW respectively. Solar power could help in meeting a part of the deficit, but it will pose a challenge for grid management. Telangana has an ambitious plan to add 5 GW solar power capacity and 4 GW wind energy capacity by 2019. The MNRE has estimated the solar potential of Telangana at around 20 GW. The following table shows the planned solar capacity across Telangana districts.
lTelangana in Numbers
lTelangana Solar Policy Highlights 2015
lThe Telangana Power Scene and Why Solar Investment Happened
lTelangana’s pivotal role in India's Competitive Solar Tariff Reduction
Telangana has ambitious targets to scale up solar power to meet at least part of its shortfall in electricity by 2020. Currently, under a power share agreement with Andhra Pradesh, Telangana owes the latter State for power being supplied. A predominantly agricultural belt, Telangana has been grappling with power shortages since its inception. Since their establishment as new States in June 2014, Telangana as well as the new Andhra Pradesh have been very aggressively supporting solar.
In September 2014, Telangana started this process by allocating 500 MW of solar projects. This was followed by a recent bidding for 2,000 MW. The latest NTPC tenders, as detailed in Table 1 above, under the National Solar Mission totaling 400 MW across the State, will take its project pipeline to around 2,900 MW. Andhra Pradesh has an almost equally impressive solar pipeline of 2,720 MW.
Telangana in Numbers
Telangana Solar Potential: Average solar insolation of nearly 5.5 kWh/m2 for more 300 sunshine days.
Source: Business Line, MNRE and LSI Finance
Source: Hindu Business Line, June 3, 2015
Solar Projects Tendered inTelangana as of 2015
Prior to November 2014
PV projects inked in Nov 2014
PV projects in August 2015
NTPC Batch II NSM(40 projects of 10 MW each)
Phase 2
232
515
2,000
400
3,147Total
MW
Solar State Focus –Telangana
Planned Solar Capacity by District MW
Table 2 : Telangana Planned Solar Capacityby District (MW), 2015 -2020
Table 1 : Solar Projects Tendered in Telangana(MW), 2015
Mahbubnagar
Medak
Nalgonda
Warangal
Karimnagar
Khammam
Nizamabad
Adilabad
Rangareddy
Total Telangana
400
500
600
300
300
200
400
200
100
3,000
Andaman & Nicobar Andhra Pradesh
Telengana, 72.25
Arunachal Pradesh
Chandigarh Chhattisgarh Daman & Diu
Delhi Gujarat Haryana
Jharkhand Karnataka Kerala
Lakshadweep Madhya Pradesh MaharashtraOdisha Puducherry PuunjabRajasrhan Tamil Nadu Telengana
Tripura Uttar Pradesh UttarakhandWest Bengal Others
Figure 4 : Telangana: Projects by Tenderingstatus likely to be Commissioned under
State Policies in 2015-16
Source: MNRE
Source: MNRE
Source: MNRE
SOLAR MONTHLY UPDATE December 2015| 5
With the current project pipeline, by 2017, solar power could contribute over 8% of the State's total power requirements and over 40% of its power during peak solar power generation. This would take the State way beyond the newly proposed RPO targets under the draft National Tariff Policy amendments.
It would be much ahead of India's average and even higher than what is currently seen in Europe, US and China. With their limited integration with the northern grid, the southern States, including Telangana and Andhra Pradesh, will become a test bed for grid balancing and management. As a pioneer, the region can provide useful lessons for India's overall solar ramp-up (the target being 10.5% by 2022).
Single-window clearance for solar projects, complete refund of value-added tax and goods and services tax (GST), exemption from electricity wheeling charges and consent from the state pollution control board within seven days. All solar projects that are commissioned while the policy is in force will be eligible for the incentives for a period of ten years from the date of commissioning.
The State has also announced its solar policy for the next five years and proposes a number of incentives to project developers (PV and thermal). The State expects about 800 MW of solar capacity to come online by March, next year, while the capacity allotted in the current tender should start feeding into the grid by the end of 2016.
Figure 2 : Telangana - Cumulative Commissioningstatus of Grid Connected Solar Projects by
Scheme (MW) as of 31.10.2015
Figure 3 : Telangana - Commissioned GridConnected Solar Power Projects in
2015-16 as of 31.10.2015
Telangana Solar Policy Highlights
Private Initiative(Roof of Top) MW
REC Scheme MW
State Policy MW
6.1
1,166
23.4
3,500
47.75
825
1.5
14.5
REC Scheme MW
State Policy MW
Likely to becommissioned by31.03.2016 (MW)
PPA signed(Projects notcommissioned yet)
Tender issued orfeed in tariff (MW)
KEY POINTS OF TELANGANA SOLAR POLICY
2015
Tenure: 5 years
Applicability:
1) Solar Power Projects (SPPs)
a) Grid connected solar power projects based on both Photo Voltaic (PV) as well as Solar Thermal technologies
lProjects set up for sale of power to TSDISCOMS
lProjects set up for sale of power to third parties within the state
b) Projects set-up for captive generation/ group captive generation (including those funded and owned by developers).
2) Solar Roof-top Projects (SRPs)(Grid connected and off grid) – This includes projects which are funded and owned by developers
3) Off grid applications
4) Any other project which is established based on MNRE/GOI Schemes as amended from time to time.
5) Solar Parks: For availing benefits under this policy, power generated from any of the above modes, has to be consumed within the state.
Regulatory Authority: State Electricity Regulatory Commission
Incentives
1) Solar Parks - Same as Centre and National Solar Mission (NSM)
2) Solar Rooftop - Apart from Centre and NSM schemes, the following also provided:
lConsumers free to choose gross or net metering for sale of power to DISCOMS
lTariff for a period of 25 years (Monthly billing and settlement:
uFor Gross metering - at 11 kV and below - average cost of service of DISCOM as determined by TSERC
uFor Net Metering - Average pooled power purchase cost
lNo distribution losses/charges applicable for SRPs
lConsumer applying for grid connected SRP to
apply online or directly to the TSDISCOM, and such application to be processed by DISCOM within 21 days or application failing which it will be deemed to be already approved.
2) Solar pump sets -Subsidy for switching to be provided in conjunction with Centre.
The scheme of gross metering facility would be extended to project developers/ farmers for setting up solar powered pump sets in the State.
3) Ease of Doing Business incentives subject to condition that the project developer has to ensure that the generation is within the time limit stipulated in the PPA or within a maximum period of 2 years from the date of application, whichever is earlier, failing which the provisions under this policy automatically stands cancelled.
a) Single Window Clearance on payment of a transaction charge of Rs. 10,000/MW for processing applications with a maximum of rupees two lakhs per project.
b) Deemed conversion to Non-agricultural land status - Once the developer acquires the land and pays conversion charges to the SPC, the land would be deemed non-agricultural without any further processing procedures required as per the Agricultural Land (Conversion for Non- agricultural Purposes) Act, 3 of 2006 as amended.
c) Exemption from land ceiling Act for Solar projects - this exemption is available only against firm orders/ PPAs/ successful bids to the extent of land required. Land requirement would be computed at rate of 5 acres/ MW or any lower limit based on the advancement of technology.
d) Transmission and Distribution charges for wheeling of power - Wheeling and transmission charges exempt for captive use within the State and will be charged as per third party sale.T&D losses however are fully applicable both for third party within and captive use within the state.
e) Power Scheduling and Energy Banking:
lAll SPPs must run status-deemed to be scheduled
l100% Banking of energy permitted for all
SOLAR MONTHLY UPDATE December 2015| 6
captive and open access/scheduled projects year round
lBanking charges will be adjusted in kind@ 2% of the energy delivered at the point of drawal
lBanked units cannot be consumed/redeemed in the peak months (Feb to June) and in the peak hours (6 pm to 10 pm). The provisions on banking pertaining to drawal restrictions shall be reviewed based on the power supply position of the State.
f) Electricity Duty: Electricity duty shall be exempted for captive consumption, sale to DISCOMS and third party sale in respect of all SPPs set up within the state. Also, Electricity duty will be waived for the new manufacturing facilities and ancillaries of the Solar Power Projects.
g) Cross subsidy Surcharge: For SPP located within the state and selling power to third parties within the state, 100% exemption shall be provided on the cross subsidy surcharge as determined by TSERC for five years from the date of commissioning of the SPP.
h) Bill settlement: In respect of SPPs selling power to the DISCOMS, settlement of energy shall be as per the PPA executed between the SPP and the DISCOM
I) Grid Connectivity and Evacuation facility: SPPs shall be evacuated at the appropriate voltage level at the interconnection point of TSTRANSCO or TSDISCOMS and evacuation up to the interconnection point shall be the sole responsibility of the SPP developer.
j) The SPP developer shall bear the entire cost of t ransmiss ion infrastructure t i l l the interconnection point; however the following support shall be available to the SPP:
lSuperv is ion charges lev ied by the TSTRANSCO/DISCOMS shall be exempted
lTSTRANSCO/DISCOMS shall process and close the proposals for technical feasibility within 30 days of receipt of application from the SPP developer
k) Refund of VAT: 100% refund of VAT/SGST for all the inputs required for SPPs for a period of 5 years.
l) Refund of Stamp Duty: 100% refund of Stamp
Duty for land purchased for setting up SPP and/or Solar parks. Registration charges are payable as per rules.
m) Intra-state Open Access clearance for the tenure of the project: In absence of any response or intimation from Solar Policy Cell (SPC) to the generator within twenty one (21) working days, then such application shall be deemed to have been given open access.
n) PCB clearances:Required clearances with a week by TSPCB (Telangana state Pollution Control Board)
A dedicated Solar Policy Cell (SPC) shall be set up by TSDISCOMS under this policy for single window clearance of the solar power projects (SPP). The responsibilities include the following:
A “High Level Committee” constituted will monitor the progress of implementation of the Solar Power projects cleared under the policy. State Govt. reserves the right to review as and when need arises in view of any technological breakthrough or to remove any inconsistency with Electricity Act 2003, as amended from time to time, rules and regulations made thereunder or any related policy of Govt. of India.
SOLAR MONTHLY UPDATE December 2015| 7
Tariffs quoted for 2,000 MW of grid-connected solar power sought by Telangana have averaged below `6 per unit in an indication that these continue to decline. The bidding process was intensely competitive and between them domestic and foreign producers of solar power had offered to set up nearly 5,000 MW, more than twice the quantum tendered by the Telangana Government.
While the weighted average tariff stood at `5.73 per unit, the lowest bid came in at ̀ 5.17 a unit and was submitted by Canadian developer Skypower Global. Telangana has thus exerted its might in the solar space to bring down the price of solar power competitively in 2015.
While producers have been able to lower tariffs due to lower interest rates, solar power companies have been trying to persuade domestic lenders to further extend the lending period to 20 years, in line with foreign lenders.
What Telangana has done forthe Indian Solar Industry:Competitive Solar Tariff Reduction
SOLAR MONTHLY UPDATE December 2015| 8
The winning bids for Telangana were dominated by domestic producers (see chart above) and foreign companies failed to make much of an impact except for the Toronto-based Skypower Global that won 200 MW capacity. It was believed that the domestic developers understood the nuances at the substation level and the bid results showed that they had been able to leverage that experience to their benefit. Although producers are
Source: Economic Times
Surging SolarAvg solar PV tariff (`/unit) (Tariff falling for each successive bid round)
Telengana received bids of2,000 MW at an average
tariff of `5.73 per unit
20
16
12
8
4
17.91
15.34
10.398.75
FY11
35MW 906MW 705MW 1001MW 853MW 500MW#560MW
FY12 FY13 FY14 FY15 FY16*Fy16
6.74 6.104.63
*The avg tariff for current fiscal is till Nov 2015 #Fy16 capacity is till Nov 2015
Source: Economic Times
ACME managed to grab the largest chunk — 446 MW — of the Telangana capacity on offer and now has a portfolio of 1,300 MW.
Industry experts believe that the new normal average solar power tariff is now between `5.50 and ̀ 6 per unit and the latest winning bid from Sun Edison for Andhra Pradesh at ̀ 4.63 (9 cents) goes to prove the fact that it is likely to fall further depending on interest rates and tenures of loans. Domestic developers have also learned to manage solar project costs more efficiently in the last three to four years.
Telengana Solar Bids aware that the Telangana distribution companies have signed on for the financial restructuring plan (FRP) and have a liquidity problems, they are betting on an improved performance from the distribution companies in reducing aggregate technical and commercial (AT&C) losses. Telangana has inherited undivided Andhra Pradesh discoms' legacy of the lowest AT&C commercial losses in the country at around 15%.
As a result, for a state like Telangana, solar power is now less expensive than gas and coal-based power if compared over a period of 25 years.
SOLAR MONTHLY UPDATE December 2015| 9
lABOUT THE PROJECT
lPROMOTERS PROFILE
uWaaree Energies Limited
uNorth Eastern Electric Power Corporation Limited (NEEPCO)
Waaneep Solar Private Ltd. (WSPL) is a Special
Purpose Vehicle (SPV) promoted through Public -
Private Partnership between Waaree Energies Ltd.
(WEL) and North Eastern Electric Power
Corporation Limited (NEEPCO). WSPL's growth
strategy covers Greenfield projects as well as
acquisitions.
About the Project
Under the Jawaharlal Nehru National Solar
Mission (JNNSM), Solar Energy Corporation of
India (SECI), had invited the bids for the
implementation of “750 MW Grid Connected Solar
Power Project under JNNSM Phase-II, Batch-I” and
Waaneep Solar Pvt. Ltd. (WSPL) has won 50 MW
Project which is to be executed under the DCR
Category at Tehsil Ichhawar, District Sehore in the
state of Madhya Pradesh. The generated power
will be evacuated through 132 KV Transmission
line which will be connected to 132/33 KV
Ichhawar Substation. The line length is 8 KMs. The
present status of the project is
lPPA has been signed with SECI for the 100% of power produced
lIn-principle grid connectivity permission received from MPPTCL
lLand procurement is in progress
Promoters Profile
1. WAAREE ENERGIES LIMITED
Waaree Group, through its subsidiaries, engages in
the businesses of solar photovoltaic modules and
solutions, industrial valves, lubricants, automatic
tank level monitoring solutions, petrol station
equipment, and industrial retail. It serves
manufacturing, infrastructure, power, mining,
defense, marine, irrigation, and services
industries. Waaree Group was founded in 1989
and is based in Mumbai, India.
COMPANY LIMELIGHT – WAANEEP SOLAR PRIVATE LIMITED (WSPL)
Group and Company Performance Highlights:
1989-1997
lWAAREE Group was founded by Mr Hitesh
Doshi in 1989 with a focus on Instrumentation
lIn 1995, the first manufacturing facility was
setup for producing mechanical process
instruments
l1997-2007
lJV with Italian and Chinese partners.
lSetup of Global offices at Dubai, Qatar, Oman
and in EU.
2007-2011
lEstablishment of Waaree Energies Limited
lA 30 MW module manufacturing line is set-up
in 2007
2011-2013
lAcquires 100% stake in Cesare Bonetti to
diversify its business in the valve sector, in the
year 2012
lDivestiture from precision engineering
manufacturing to a Swiss Group
lStarted EPC services and venture into other
business segment like solar pumps and other
off- grid applications
lExpanded module manufacturing capacity
from 30 to 110 MW
2013-2015
lExpands its IPP business to 150 MW
lJoint venture with a Mini Ratna company for
the 100 MW project- WAANEEP
lExpansion of Module Manufacturing capacity
from 110 to 250 MW
lExisting capacity stands at 500 MW
lPursuing project development pipeline of 4000
MW
lIncreasing Manufacturing capacity to 1GW
lIt registered a turnover of ̀ 780 Crs in FY14-15
SOLAR MONTHLY UPDATE December 2015| 10
2. NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED (NEEPCO)
A Miniratna Schedule "A" Government of India Enterprise under the Ministry of Power was set up on the 2nd of April, 1976 to develop and operate power stations in the North Eastern Region of India.
Company Performance Highlights
lThe present installed capacity of the Corporation is 1135 MW comprising 755 MW in Hydro, 375 MW in Thermal and 5 MW in Renewable (Solar).
lNEEPCO Commissioned its first 5 MW MWp Grid Interactive Solar PV Power Plant at Monarchak in Sepahijala District of Tripura on the 15th February, 2015.
lTGBP: Gas Turbine successfully synchronized on 11th March 2015 and fully loaded to 66 MW on 30th March 2015.
lAGTP: STG II Synchronized on 10th February, 2015 & fully loaded to 25.5 MW on 22nd March, 2015. STG I Synchronized on 31st March, 2015.
lPresently NEEPCO is implementing 3 Hydro Projects aggregating 770 MW viz. Kameng (600 MW), Pare (110 MW) & Tuirial HEP (60
Key Performance Indicators
Source: NEEPCO
MW) in the N.E. Region for commissioning within 12th Plan.
lNEEPCO operates the largest Hydro Power Plant in N.E. Region, the only CPSU having Hydro and Thermal Power Stations in operation.Exposure to construction & operation of Hydro projects in highly difficult and Geo-Technically sensitive terrain of N.E. Region.
lNEEPCO is the only CPSU operating a Power Plant in Nagaland.
Source: NEEPCO
Financial Performance at a Glance
Particulars 2011-12 2012-13 2013-14
5,000
3,292
1,130
4,825
1,198
1,270
264
1.42
65.73
3,315
1,130
4,691
1,325
1,392
295
2.46
72.69
3,362
1,130
4,567
1,279
1,417
288
2.40
69.46
Authorized Capital (` in Crs.) 5,000 5,000
Paid-up Capital ( in Crs.)`
Installed Capacity (MW)
Generation (Million Units)
Sale ( in Crs.)`
Total Income ( in Crs.)`
Profit before Tax ( in Crs.)`
Employee/MW
Dividend ( in Crs.)`
4,82
5
4,69
1
4,56
7
1,19
81,32
5
1,27
9
264
295
288
Generation (MU) Sales (` Crs) Profit (` Crs)
2011-12 2012-13 2013-14
SOLAR MONTHLY UPDATE December 2015| 11
lMODULES AND INVERTOR TECHNOLOGY
lSOLAR TRACKER AND COLLECTOR MARKETS
Asia's Largest Solar Park known as 'Charanka Solar Park' in Gujarat, established in 2012, now houses about 216 MW Solar Power plants and touted to Asia's largest solar park even larger than China's 200 MW Golmud Solar Park, and the single largest segment of a 600 MW, over 3,000 acre solar power field with wonderful infrastructure facilities available such as Roads, Water Pipeline, Water Treatment plant, Sewage treatment plant, Helipad, Water distribution network, internal plot fencing, Land leveled, compound wall, Fire station, Telecom network, 400/220/66 KV & 66 KV Auxiliary SS, Auxiliary Power Distribution Network & much more facilities. The Gujarat solar park at Charanka has bagged several national & international awards / recognition among world solar arena.
The park is developed mostly overwasteland but with one of the best solar insolation / irradiation areas identified in India. It is expected to save around 8MT of CO2 from being released into the atmosphere and save around 900,000 tonnes of natural gas per year. More projects would be allotted to the Solar Park in near future with the much awaited announcement of eagerly anticipated Gujarat Solar Policy Phase III.
TECHNOLOGY UPDATE
Modules & Inverter Technology Used atCharanka Solar Park - Gujarat
View of Charanka Solar Park with Wind Mills at the back –Gujarat
FOREIGN INVESTMENT CORNER
Across India, companies are aggressively ramping up solar projects as the government sets out an ambitious target to achieve a five-fold increase in renewable energy capacity in the next seven years. That would mean generating 100 GW of solar power by 2022, up from the present total of 4 GW.
India is the world's third largest emitter of greenhouse gases, but it plans to radically reshape its energy use in a short period of time.
Hoping to attract $100 billion over seven years for its solar sector, the government is offering tax breaks and allowing 100 percent foreign investment. There is a rush of interest.
Key Foreign Investment Deals and forays into the Indian Solar market in October –November 2015 include:
lSany Group, China, announcing plans to invest $3 billion by 2020;
lChint Group, China, announcing plans to invest $2 billion by 2020;
lThe new SoftBank/Foxconn/Bharti joint venture signing its first $2 bi l l ion memorandum of understanding in Andhra Pradesh for 3 gigawatts of renewables;
lThe November 2015 SunEdison solar auction win of 500MW at `4.63/kWh (US7.1c) set a record low solar price, 10% lower than the previous record low a few weeks earlier, Buckley said.
lGermany this week promised $2.25 billion to develop a clean energy corridor and solar projects in India.
lU.S.-based renewable energy firm SunEdison plans to invest $15 billion.
lChina's Trina Solar plans to invest $500 million to make solar panels
SOLAR MONTHLY UPDATE December 2015| 12
Source: urvashidev.wordpress.com
Out of the total installed solar power plants in Gujarat i.e. 820 MW; the Gujarat Solar Park currently is home to 16 Solar Projects with 216 MW of installed solar plant capacity. It has emerged to be a true testing ground & laboratory for various Solar PV module technologies, Solar Inverter technologies and test of EPC execution
capabilities for various stakeholders. Below mentioned is the overview of various Solar PV Module technologies used in Gujarat Charanka Solar park projects, ratings of solar PV modules, Solar Inverter technology and their capacity details etc. for the Solar Projects installed at Gujarat Charanka Solar Park.
A report from Sandler Research forecasts the solar tracker market is expected to grow by 17.2 % until 2019. Solar trackers are devices that follow the sun's path throughout the day to ensure
Solar tracker and Solar Collector Markets
photovoltaic panels are receiving the most solar energy possible.
There are two types of solar trackers: single axis and dual axis. Single axis solar trackers are
currently considered less expensive and more reliable because they don't require as much maintenance and they aren't as complicated as dual-axis trackers.
The report estimated that single-axis trackers improve the energy output of a solar farm by about 30 to 35%, whereas dual-axis trackers can boost efficiency by 36 to 41%. Because of the greater efficiency, it is forecast that the dual-axis trackers will gain popularity over the next seven years and will grow to a capacity of 9,684.1MW installed by 2022.
Sandler Research also forecasts that the solar collector market will grow 24.9% from 2014 to 2019. This is in part due to Government subsidies offered to people and companies who invest in the technology. There are two types of solar collectors, namely, concentrating solar collectors, which are used in solar plants and non-concentrating, used for smaller-scale productions. According to Mordor Intelligence, production of non-concentrating solar collectors worldwide is expected to reach 500 GW a year. This is substantially higher than the production of 40 GW in 2013.
Source: LSI Finance Tender Monitor 2015
For detailed solar newsletter please visit www.lsifinance.com
SOLAR BIDS IN THE MONTH OF NOVEMBER 2015
State Capacity in MW Technical Bid Date
Table 3 : Telangana Planned Solar Capacity by District (MW), 2015 -2020
Andhra Pradesh - I
Andhra Pradesh AP - II
500 MW (10 x 50 MW) Solar PV Power Projects at Ghani SolarPark in Andhra Pradesh under National Solar MissionPhase-II Batch-II Tranche-I
750 MW (6x125 MW Each) Solar Photovoltaic Power Project(Phase-II)
Nov 2015
—
Rajasthan
Karnataka
Telangana
Kerala
Gujarat
Maharashtra
UP
Karnataka
750 MW - DCR, 100 MW - Open
100 MW - DCR, 130 MW - Open
100 MW - DCR, 500 MW - Open
400 MW (10MW X 5 = 50MW DCR, 35 X 10MW = 350 Open)
50 MW IPP Mode
250 MW IPP Mode
500 MW IPP Mode
440 MW IPP Mode
1200 MW (AC) ground mounted Solar PV project across60 Taluks of Karnataka
25/11/2015 & 26/11/2015
02/12/2015 & 03/12/2015
07/12/2015 & 10/12/2015
10/12/2015 & 16/12/2015
19 Nov 2015
26 Nov 2015
30 Nov 2015
10 Dec 2015
04/01/2016 & 08/01/2016
Anantpur - AP
SOLAR MONTHLY UPDATE December 2015| 13
New Delhi
P FE
1201, 12th Floor, Chiranjiv Tower
43, Nehru Place, New Delhi 110019 011 46628817 011 46628851 delhicorp@lsimails.com
Kolkata
P FE
Sagar Trade Cube 5th Floor
104, S P Mukherjee Road, Kolkata 700026 033 24863815 033 24863816 kolkatacorp@lsimails.com
Mumbai
P FE
Unit 8, 4th Floor, Trade World B Wing
Kamala Mills Compound, Lower Parel, Mumbai 400013 022 66702000/04 022 66702005 mumbaicorp@lsimails.com
www.lsifinance.com
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