If you are looking for funding for setting your own solar power project,
The first step is you have to register a company to conduct the business of Solar Power generation and sale of power.
To apply for funding the important documents you need to have is Proof of Land Ownership, DPR, PPA and Company incorporation certificate.
Then after incorporation of a company you need to have bank account in the company name and you have to have 10% of the project cost in your company account and get letter from bank for proof of funds available.
After you provide to me all these documents, I will be in position to take up your case with EXIM Bank of USA for funding.
I am pleased to inform you that I am in position to arrange funding for setting up Solar Power Project from EXIM Bank (USA).
The EXIM Bank USA, provides loans for international buyers of U.S. goods and services with no limits on transaction size.
The interest rate range from 1.40 % to 3.18 % per year - depending on the duration of the loan.
Further they offer a 100% financing for the goods purchased from USA and up to 30 % of local (India) costs in addition to the U.S. Exports.
To start the process of getting funding we would offer you our services for a retainer / consultant.
You have give us letter on your company letter head and signed by authorized signatory, stating that you are appointing us your consultant for the Solar Power Project that you are setting up..
We will start immediately after we receive the consultancy appointment letter.
I am pleased to inform you that we offer end to end solution / services required for setting up and operating of the solar power project .
We are offering all these services like
1) Arranging funding for setting up Solar Power Project from sources like EXIM Bank of USA.
2) EPC Services
3) PPA Signing
4) Power Trading
5) Operation and maintenance We have innovative proposal to ensure that the solar power project investor / owner earns max possible ROI and reduce the risk to min level.
At present I am in Bangalore to set up office in Bangalore and execute projects.
It’s been a long, dark winter in Germany. In fact, there hasn’t been this little sun since people started tracking such things back in the early 1950s. A few days before Easter, the streets of Berlin were still covered in ice and snow. But spring will come, and when the snow finally melts, it will reveal the glossy black sheen of photovoltaic solar panels glinting from the North Sea to the Bavarian Alps.
Solar panels line Germany’s residential rooftops and top its low-slung barns. They sprout in orderly rows along train tracks and cover hills of coal mine tailings in what used to be East Germany. Old Soviet military bases, too polluted to use for anything else, have been turned into solar installations.
Twenty-two percent of Germany’s power is generated with renewables. Solar provides close to a quarter of that. The southern German state of Bavaria, population 12.5 million, has three photovoltaic panels per resident, which adds up to more installed solar capacity than in the entire United States.
With a long history of coal mining and heavy industry and the aforementioned winter gloom, Germany is not the country you’d naturally think of as a solar power. And yet a combination of canny regulation and widespread public support for renewables has made Germany an unlikely leader in the global green-power movement — and created a groundswell of small-scale power generation that could upend the dominance of traditional power companies.
Twenty years ago, it was clear solar power wasn’t going to get anywhere by itself. Photovoltaic panels were expensive and inefficient. Even solar systems designed to heat water, a far less technologically tricky task, were bad buys on the open market. Producing electricity from sunlight costs 10 times more than generating power using coal or nuclear energy. “The early systems might as well have been made out of gold,” says David Wedepohl, a spokesman for Germany’s Solar Industry Association.
In 1991, German politicians from across the political spectrum quietly passed the Erneuerbare Energien Gesetz (renewable energy law), or EEG. It was a little-heralded measure with long-lasting consequences.
The law guaranteed small hydroelectric power generators — mostly in Bavaria, a politically conservative area I like to think of as the Texas of Germany — a market for their electricity. The EEG required utility companies to plug all renewable power producers, down to the smallest rooftop solar panel, into the national grid and buy their power at a fixed, slightly above-market rate that guaranteed a modest return over the long term. The prices were supposed to balance out the hidden costs of conventional power, from pollution to decades of coal subsidies.
Investors began to approach solar and wind power as long-term investments, knowing there was a guaranteed future for renewable energy and a commitment to connecting it to the grid. Paperwork for renewables was streamlined — a big move in bureaucracy-loving Germany. The country invested billions in renewables research in the 1990s, and German reunification meant lots of money for energy development projects in the former East.
Now German companies lead the world in solar research and technology. The handful of companies that make inverters, the devices that reverse the flow of electricity and feed power from rooftop solar panels back into national grids, are almost all German. On a sunny day last May, Germany produced 22 gigawatts of energy from the sun — half of the world’s total and the equivalent of 20 nuclear power plants.
The “feed-in” laws and subsidies pushed innovation to the point where solar panels are cheap enough to compete on the open market in Germany and elsewhere. The price for solar panels has fallen 66 percent since 2006, and the cost of solar-generated power may becompetitive with coal in a few years, according to a study by UBS. Already, solar projects are thriving in places like India and Italy despite a lack of government subsidies or support, and a recent Deutsche Bank report predicted “grid parity” in Bavaria by next year.
You might think Germany would be smug about all its solar success. But, as usual, folks here are full of doubts. Part of the reason solar panels are getting cheaper is competition from China, which isthreatening to push more expensive German producers out of business. Last year, German conservatives tried to end solar subsidies entirely, arguing that plummeting prices were encouraging too many people to install solar panels. They said that the subsidies come at the expense of city dwellers without solar-ready roofs, low-income electricity consumers, and investments in other forms of renewable energy. Even environmentalists have begun to grumble about the solar boom, which sucks up half of Germany’s funding for renewables but provides just 20 percent of green power.
The proliferation of privately owned solar has large power companies in Germany worried. For two decades, they’ve been forced to facilitate and finance their competition, helping turn customers into producers. Soon, rooftop solar and other small-scale, locally owned renewables could upset the market for coal and nuclear power.
Here’s why that’s a problem: Renewable energy sources like wind and solar generate power intermittently, dependent on the sun or fickle breezes. Until researchers can find a way to store energy at a large scale, coal and nuclear plants — which can’t simply be switched on and off at will — must be kept running to guarantee a steady stream of electricity when the sun isn’t shining.
That means overproduction of power during daylight hours, as the country’s ample solar energy floods onto the grid along with electricity produced by power plants. Power companies traditionally charge more during the day, when offices are full and manufacturing plants are in full swing, so the glut of daytime solar power reduces their profit. The proliferation of solar panels on homes also takes high-margin residential customers off the grid at peak hours. And the energy surplus has driven prices for traditional coal and nuclear power down, even as renewables are still guaranteed more-than-competitive rates. As power companies try to pass the costs to consumers in the form of higher bills, that just encourages more people to put solar panels on their roofs.
Already, Germany’s power companies are closing power plants and scrapping plans for new ones. Germany had a national freak-out after the Fukushima disaster and decided to abolish nuclear power by 2023. Meanwhile, energy prices continue to sink, and solar installation continues to grow. By decentralizing power generation, the renewables boom could do to the power industry what the internet did to the media: put power in the hands of the little guy, and force power companies to rethink how they do business. As soon as the sun comes out, that is.
The Tamil Nadu state budget was tabled today and there is some good news for the debt ridden state electricity board (SEB). The government has said that the power situation in Tamil Nadu is set to improve and the SEB will turn around in 3-4 years. CNBC-TV18's Swathi Narayanan reports.
Tamil Nadu is currently facing a shortage of about 4,000 MW of power. The government has said that Rs 21,000 crore worth of power projects will be commissioned this year and 3,230 MW will be added by March 2014.
As far as improving the financial condition of the debt-ridden Tamil Nadu Electricity Board (TNEB) is concerned, the government has taken some firm steps. The have said that 50 percent of the short-term loans will be taken up by the government itself.
As of now, the short-term loans of TNEB stand at around Rs 12,213 crore. The total debt of TNEB is about Rs 45,000 crore. The government said they will give about Rs 11,242 crore to the electricity board this year and have also given guarantees to raise about Rs 10,000 crore from Rural Electrification Corporation ( REC ) and Power Finance Corporation ( PFC ).
The news is good for banks like Indian Overseas Bank ( IOB ) that has an exposure of Rs 1,780 crore to the TNEB. REC, which has an exposure of Rs 300 crore and Punjab National Bank ( PNB), which has an exposure of Rs 1,750 crore.
Nashua, NH -- Today the U.S. Solar Energy Industries Association along with GTM Research released the results of its annual year in review, and 2012 numbers give the solar industry another reason to celebrate.
In 2012, solar proved once again to be the fastest growing energy source in the U.S. The Solar Market Insight annual addition shows that as a nation, the country installed more than 3.3 GW of solar capacity, an increase of 76 percent over 2011. In terms of market size, at $11.5 billion, the solar market is 34 percent larger than it was in 2011 and SEIA points out that this figure doesn’t include any of the trickle-down industries that also benefit from the increased growth in the solar market. Total U.S. PV Installed Capacity Approaching 10 GW
the United States accounted for 11 percent of the growth in the global solar installed capacity in 2012, this is the largest market share that U.S. has taken for at least fifteen years, according to the report. The residential market saw 83,000 installations and eight of the 10 largest PV installations were completed in 2012. In total, the installed PV capacity in the U.S. now stands at 7.2 GW, equivalent to the power capacity of seven nuclear power plants. By the end of 2013, the industry expects that it will top 10 GW.
PV grew in each of its three market sectors: residential, commercial and large-scale. The residential market installed 488 MW of solar capacity representing a 62 percent growth over 2011; non-residential (commercial) installed 1.04 GW, a 26 percent growth over 2011; and the large-scale market installed 1.78 GW up 134 percent over the previous year, said SEIA and GTM in the report. California remained the top state for installing PV, with 1.033 GW worth of installations taking place in 2012, and Arizona (710 MW), NJ (415 MW), Nevada (198 MW) and North Carolina (132 MW) took second through fifth place. Interestingly neither North Carolina nor Arizona were in the top five states in 2011, showing the incredible pace in which PV grew in those states. More detail on state solar markets in the image below. CSP Projects Make Headway
In 2012, the concentrating solar power (CSP) market also made progress. Cogentrix’s 30-MW Alamosa solar project came online and all phases of Brightsource Energy’s 392-MW Ivanpah project progressed steadily in 2012 such that the entire project is set to come online this year, according to the report. In addition, Abengoa’s Solana Generating Station is more than 80 percent complete and will most likely come online in 2013, according to the report. Construction of Power Tower at SolarReserve’s Cresent Dunes Solar Project was also completed. Expect to see a large amount of CSP capacity online by the end of 2013 if all projects under construction continue to progress as planned. Pricing: Solar Power Prices Experience Dramatic Decreases
In 2012, installed prices for solar went down in all three market sectors. According to the Solar Market Insight report authors, year over year, the national average prices declined by 26.6 percent in 2012, falling from $4.10 per watt in 2011 to $3.01 per watt in 2012, although these numbers are skewed by the sizable number of large-scale projects that came online in 2012. According to the report:
From Q4 2011 to Q4 2012, residential system prices fell 18.1% percent, from $6.16/W to $5.04/W. Quarter-over-quarter, installed costs declined by 3.5% percent. Installed prices came down in most major residential markets, including California, Arizona, New Jersey, and Massachusetts, and in a number of states fell below $4.00/W.
Non-residential system prices fell 13.3% percent year-over-year, from $4.65/W to $4.27/W. Quarter-over-quarter, installed costs actually increased by 1.4%, primarily due to a large quantity of higher-cost, government projects connected in California. SREC states, such as New Jersey and Massachusetts, saw the most significant price declines.
Utility system prices once again declined quarter-over-quarter and year-over-year, down from $3.20/W in Q4 2011 and $2.40/W in Q3 2012 to settle at $2.27/W at the end of 2012.
Overall, SEIA and GTM don’t expect trade tariffs to have any real impact in pricing going forward as Chinese manufacturers will develop workarounds in order to keep panel prices low. (The tariffs, which were finalized in 2012, will subject solar panels that include cells manufactured in China to tariffs up to 35 percent.) In fact, the analysts believe that prices may continue to fall in 2013 both globally and in the U.S.
In 2013, the report authors predict that 4.3 GW of solar PV will be installed, which would represent a 29 percent growth over 2012. The analysts believe that the slowdown in growth will be driven by a slow-down in the large-scale utility market as distributed generation will begin to gain market share.
Today, March 14 at 11:00 AM Eastern Time, SEIA hosted a Google Hangout in which report author Shayle Kann of GTM Research, SEIA President Rhone Resch and Recurrent Energy CEO Arno Harris discussed the results of the Solar Market Insight Report. You can watch video the event here. In addition, you can tweet your comments or questions under hashtag #SolarInsight.
Invitation of bids for grid-connected projects under the second phase of the Jawaharlal Nehru National Solar Mission (JNNSM) may get pushed back by a month or two, as the Government is yet to decide on covering more products under domestic sourcing norms.
The Ministry for New and Renewable Energy (MNRE), however, maintains that the Batch I of the second phase, which includes off-grid projects, will start from April 1 as envisaged in the JNNSM.
“The tenders inviting bids for 750 MW of solar photovoltaic projects will happen by April end or May first week,” says Tarun Kapoor, Joint Secretary, MNRE.
Draft guidelines spelling out the criterion for the prospective bidders has been prepared and now formal approvals are required. A proposal in the draft that stipulates more items like thin films and solar cells under the domestic sourcing requirement has irked the US.
The US has filed a complaint with the Dispute Settlement Body of the World Trade Organisation against domestic content requirement in the JNSSM which mandates that solar photovoltaic modules based on crystalline technology has to be sourced locally.
Kapoor said while all the other necessary approvals to roll out the second phase have been taken, it is only the draft guidelines that have to be formalised. The second phase will be rolled out in two batches as the capacity is high – 3000 MW.
Following the launch of the mission in 2010, the domestic manufacturing capacity of SPV cells and modules has increased from about 200 MW to 2000 MW.
One of the important objectives of the JNNSM is to promote domestic manufacturing in the solar energy sector and certain domestic content requirements were made mandatory in various schemes of Phase I of JNNSM. In the second phase, domestic sourcing content has been expanded.
The sourcing of power generated from projects in the second phase will be done by Solar Energy Corporation, which has been formed primarily for executing the mission.
For the first phase, NTPC Vidyut Vyapar Nigam, the trading arm of NTPC, was designated as the nodal agency for sale and purchase of grid-connected solar power.
The first phase of the mission, which concludes on March 31, has got 1500 MW of installed capacity till now. This includes States’ capacity and migrant projects.
Kerala State Electricity Board (KSEB) plans to create solar energy capacity of 350 MW during the next four year-period, according to Aryadan Mohammed, electricity minister.
Briefing newspersons here on Wednesday, the minister said that the initial 50 MW is sought to be generated as early by December this year.
Of the 15 companies who had shown interest in the phase 1 bidding, six have been shortlisted and letter of intent will be issued to them soon.
“We have got a good offer; the Rs 3.20 quoted is cheap”, he said. The Electricity Minister said KSEB has got offers for 1700 MW so far for phase 1 bidding.
A multi-pronged strategy has been drawn up to avoid load shedding next year and to improve power availability over the next two to three years.
Consumption touched 60 million units on Tuesday; it was 60.8 million only two days ago. This is attributable to both increased use of various gadgets to beat the heat as well as grant of new connections.
HYDEL PROJECTS
Key hydel projects, including Athirapally, that can generate 700 MW are awaiting the nod of the Union Ministry of Forests and Environment.
Small hydel projects that can generate 250 MW during the 12{+t}{+h} five-year plan period are also being worked out.
Efforts are also on to get 300 to 400 MW from Brahmapuram and 360 MW from the NTPC Kayamkulam plants when they switch on to LNG.
The Minister said the KSEB was exploring the possibility of accessing shale gas for generating power.
The State is spending Rs 770 crore every month for purchase of electricity while the revenue is only Rs 700 crore, the minister said. Loss incurred by KSEB is Rs 200 crore every month.
Stating that 99 per cent collection has been achieved, the Minister said the government departments and public undertakings were the main defaulters. Kerala Water Authority alone owes Rs 484 crore to KSEB.
The minister said he had accompanied the Chief Minister on a visit to Delhi recently and had sought 100 MW power the Central pool.
The State Government was certain that it would get is share of 266 MW from the Kudankulam nuclear power project.
KSEB will soon be converted into a single company, the minister said. Meetings are on with trade unions for the purpose and a tripartite agreement needs to be agreed upon.
The Indian state of Punjab has released a request for proposals (RfP) for 300 MW-AC of solar photovoltaic (PV) plants, as the first phase of its state solar policy.
The RfP will be based on a competitive solicitation against a benchmark tariff of INR 8.75 (USD 0.161) per kWh. Each bidder may submit up to three bids, which will be accepted online through March 26th, 2013.
Punjab has set a target of 1 GW of new solar electric generating capacity in its “New and renewable Sources of Energy Policy – 2012”.
Limit of 30 MW-AC for experienced developers
Punjab Energy Development Agency (PEDA) has set a bidding limit of 30 MW-AC for experienced companies during the round, and a limit of 4 MW-AC for those companies that do not meet experience criteria.
250 MW of the 300 MW will be set aside for companies that have installed and commissioned at least one PV plant 5 MW or larger, which has been operational for at least one year.
Projects exempt from multiple taxes
The state will also exempt a number of taxes and duties for the PV plants build through the program, including the electricity duty for power, value added tax, and stamp duties.
Punjab has set a target of 1 GW of new solar electric generating capacity in its “New and renewable Sources of Energy Policy – 2012”, which was released in December 2012.
