Meet Our Solar Consulting Team during the Renewable Energy Exhibition at Noida

Dear All,

Our consulting team will be there at the Renewable Energy Expo 2018 to be held at India Expo Centre, Noida from 18 – 20 September 2018.

Interested companies, project developers can meet us between 18 – 20 th September. We will be happy to meet you & discuss work. Request to kindly confirm the meet via an e-mail at info@urvishdave.com OR by posting your comments to this blog OR by giving us a call.

Looking forward to see you between September 18 -20  🙂

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

Advertisements
Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Urvish Dave recognized with the “Best Rooftop Solar Consultant of the Year” Award !

Dear Readers,

We are very glad to share with you all that the short journey and efforts of team Urvish Dave has been recognized with the “Best Rooftop Solar Consultant of the Year” Award by ‘Solar Quarter’

Best ”Rooftop Solar Consultant of the Year 2018”_India

We once again heartily thank you for your continuous support throughout this small journey and in seek the same in future too 🙂

And In case you are thinking of going green and powering your premises via solar or are thinking of setting up solar power plants across India, as a solar consultant in India we can always help you 🙂

Till we meet next time …Enjoy the monsoon 🙂

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

 

 

 

 

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Urvish Dave among the “Top 10 Most Promising Solar Consultants in India” !

Dear Readers,

We are very glad to share with you all that team Urvish Dave has been featured as one of the “Top 10 Most Promising Solar Consultants of India – 2017” & Our small Solar Journey & views has been covered in ‘Consultant Review’

Urvish Dave featured among the “Top 10 Most Promising Solar Consultants in India”

As a recognition among one of the Top Solar Consultants in India – Our Small Journey featured in one of the magazines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We heartily thank you for your continuous support throughout this small journey and in seek the same in future too 🙂

And In case you are thinking of going green and powering your premises via solar or are thinking of setting up solar power plants across India, as a solar consultant in Indiawe can always help you 🙂

Till we meet next time …

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Whats wrong with the Solar Developers in India !! & New Guidelines for Bidding Process for Upcoming Solar PV Power Projects across India !

Hujambo & Mambo Friends  !!

Have addressed you all like this as I am writing this article from the beautiful & endless Masaai Land of Tanzania – The Serengeti National Park – where we are acting as a solar project consultant to what is to become Tanzania’s largest hybrid captive solar power project for one of the prestigious resort !!!

Also friends posting this article after a long time and also have been getting repeated requests from readers to posts regularly but lately have been busy to execute some of the very unique upcoming solar projects of the developers & am glad to inform you all that as a part of aggressive scale-up & business expansion this year we have now marked our presence and introduced our services across  the countries like Mauritius, Tanzania, Ghana, DRC, Kenya, Uganda, Nepal besides extensively working across India. So we will now be acting as a solar project consultant in all the above geographies across Africa in addition to India too 🙂

While it’s raining all over India, the renewable energy sector is also experiencing severe solar raining in terms of totally installed solar projects across the country.  India’s cumulative utility scale solar capacity is now 14 GW and rooftop solar capacity is 1.6 GW totalling – 15.6 GW !! 

Also the slight relief for the developers is that the Ministry of New & Renewable Energy (MNRE) has issued  the Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects which tries to cover the payment security for the developers and tries to stress upon the must run status for solar projects.

These Guidelines have been issued under the provisions of Section 63 of the Electricity Act, 2003 for long term procurement of electricity by the ‘Procurers’ [the distribution licensees, or the Authorized Representative(s), or an Intermediary Procurer] from grid-connected Solar PV Power Projects (‘Projects’), having size of 5 MW and above, through competitive bidding.

To summarize, the new guidelines for tariff based competitive bidding process for procurement of solar power will help :

  • enhance transparency and fairness in the procurement process, while
  • protecting consumer interests through affordable power.
  • These guidelines will also provide standardization and uniformity in processes &
  • Risk-sharing framework between various stakeholders involved in the solar PV power procurement.
  • Help in reducing off-taker risk and thereby encourage investments,
  • Enhance bankability of the Projects &
  • Most importantly improve profitability for the investors   😉

Some of the Key Reform Initiatives as per these Guidelines are as follows:

  • Generation Compensation for offtake constraints thereby reducing offtake risks: The “Must-run” status for solar projects has been stressed upon. Generation Compensation provided for following off-take constraints:
    1. Back-down – Min.  Compensation 50% of PPA Tariff
    2. Grid unavailability – Compensation by way of Procurement of  Excess Generation / Outright Compensation
  • PPA: To ensure lower tariffs :  Minimum PPA tenure has been kept at 25 years. Unilateral termination or amendment of PPA is not allowed.
  • Event of Default and the consequences thereof clearly defined to ensure optimal risk sharing between Developer and Procurer. This has been done by clearly defining the generator and procurer events of default, and describing the consequences thereof.
  • Project preparedness to expedite and facilitate setting up of projects: Issues related to land, connectivity, clearances etc. and the extension in case of delay, have been streamlined.
  • Payment Security Mechanism: Risk of generator’s revenue getting blocked due to delayed payment / non- payment by the procurers has been addressed through provision of Payment Security Mechanism through instruments like Letter of Credit (LC), Payment Security Fund, State Guarantee, etc.
  • Termination Compensation to increase bankability of projects by securing the investment by the Generator and the lenders against any arbitrary termination of PPA. Quantum and modality for termination compensation in case of both generator default and procurer default has been clearly defined.
  • Change in Law provision to provide clarity and certainty to generators, procurers, and investors/lenders – Change in Law provision, effective from the date of bid submission and covering any change in law/Tax rate which has a direct effect on the Project (and not just taxes made applicable for supply of power) has been provided.
  • Rationalisation of Penalties: The penalties have been rationalised, so as to reduce the overall cost to the Generator, while at the same time, ensuring compliance with the Commissioning Schedule/Scheme Guidelines.
  • Early Commissioning & Part-Commissioning for expeditious completion of projects –  Early commissioning and part commissioning have not only been allowed, but incentivised, by way of allowing the PPA for a minimum 25 years from the Scheduled Commissioning Date.
  • Repowering: Generators are free to repower their power plants. However, the procurer will be obliged to buy power only within the CUF range in PPA.
  • Bid structure and process: Bids have been allowed in both Power (MW) and Energy (kWh) terms. Also, e-bidding has been emphasized to improve transparency.

Click Here for New Solar Guidelines 

What’s wrong with the Solar Developers in India !!

While all these new proposed guidelines are in a way going to provide huge benefits for the developers but many Indian solar project developers are in our opinion one of the worst across the world in terms of evaluating Financial Projections & Risk Assessment for their upcoming solar project.

Many of the Indian solar project developers are purely into the “RAT RACE” whereby blindly following each other and not knowing where they are taking their projects towards and thereby severely damaging the entire solar sector.



The solar developers routinely ignore risks and bid aggressively for major infrastructure projects making preposterous financial projections and assumptions in a bid to win at any costs. Then when the projects go down as mostly they do, they go crying to the government for a bailout. This has been the trend ever since the mid-2000s when the government opened the infrastructure sector to private investments.

The Indian solar developers have bid aggressively at every stage without taking cognizance of multi fold risks such as forex, interest rates, equipment supply etc. They have been blessed by Lady Luck in the last few years as falling solar panel prices have made their foolish bids seem like a stroke of genius. The solar panel and inverter prices have fallen faster than expected leading to good gains for these developers, as their forecasts of the panel and inverter prices, turn out to be higher leading to good profits as project costs turn out to be lower.

However, this trend following will now lead to a major blowback as the last aggressive solar bids of INR 2.44/kWh was made on the assumption that solar panel prices will keep falling by 10-20% every year. However, that has not been the case with solar panel prices going up by 20% in the last few months. This has been due to some geopolitical issues such as the looming USA ruling on import duties on solar panel imports and China deferring the lowering of its feed in tariffs to September from June. This will mean that Acem and Softbank face some serious financial viability issues for their Bhadla solar plant projects which were seemingly bid of prices of panels as low as 25 cents/watt. Currently, the prices are near 35 cents/watt throwing their financial model totally out of whack.

Indian solar industry has seen tons of financial investors and developers entering the market lured by the massive size of the solar opportunity in India. However, most of these developers have employed some really dumb people who are just following the trend like the financial traders during the 2008 global financial crisis. When the tide turns, the naked will be exposed. Unless the solar panel prices fall back drastically again, I think some people will get badly exposed.

ref.: greenworldinvestor



The current solar bids are projected as a new ‘Trend’ in the solar industry. However, there is Difference between TREND” & “TRENDY” in Solar : A TREND is established overtime & tends to lead to lasting change. TRENDY is an attention catching phase – similar to what India witnessed during the latest lowest solar bids !! Current low(below cost) pricing is unfortunately a margin crushing long term trend in the solar PV industry.  Instead of grid-parity satisfaction , there is much skepticism about financial  sustainability of the recent low Rs 2.44/unit solar bids !! Only time will tell, whether it’s just another another poster boy headlines like India witnessed a couple of years back or not !!

And please make no mistake people the current solar project prices are below costs. If this continues quality will suffer & there will be a significant consolidation. There are lots of false information making waves across solar arena. And if you only get your news from PR driven media, dedicated news feeds & a pay for play media you risk being misinformed – which is the current case of Indian solar industry. What is the logical justification of the developers past project costs based on IRRs viz a vis new pricing based on tariffs. Have they embraced the changing realities?

Well guess this is going to be a part and parcel of Industry now !

And in case you are thinking of going green and powering your premises via solar or are thinking of setting up solar power plants across India, as a solar consultant in India we can always help you 🙂

Also will keep you guys posted on the unique installation of our solar project here in Tanzania, Africa which we are currently executing here in Tanzania.

Till we meet next time …

Kwaheri from Tanzania  !  🙂

Cheers !!

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

 

 

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Our column on “Rooftop Solar PV sector in India” in a Magazine Publication

Friends our column on “Rooftop Solar PV sector in India” has been published in March issue of ‘Power Insight’ Magazine.

Here is the link of the original article : Click Here

Page 1 – Rooftop Solar in India

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page 2 & 3 – Rooftop Solar in India

Page 4 – Rooftop Solar in India

Link of the original article : Click Here

In case you are thinking of going green and powering your premises via solar or are thinking of setting up solar power plants across India, as a solar consultant in India we can always help you 🙂

Till we meet next time …

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

 

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Are the Recent Low Solar Bids across India a “TREND” now?! OR Simply “TRENDY” !!

Congratulations to the winners and am sure that comparatively they possess all right rationale and better knowhow / cost economics sense on desired returns to equity investors. While I believe every tariff is viable when you invest in a project. But the term ‘viability’ in Solar arena has assumed a new definition recently. It is time come to a consensus what should be the viable IRR for Solar projects in India?

The current solar bids are projected as a new ‘Trend’ in the solar industry. However, there is Difference between “TREND” & “TRENDY” in Solar : A TREND is established overtime & tends to lead to lasting change. TRENDY is an attention catching phase – similar to what India witnessed during the latest lowest solar bids !! Current low(below cost) pricing is unfortunately a margin crushing long term trend in the solar PV industry.  Instead of grid-parity satisfaction , there is much skepticism about financial  sustainability of Rewa Rs 2.97/unit solar bids !! Only time will tell, whether it’s just another another poster boy headlines like India witnessed a couple of years back or not !!

Unintended consequences of low Rewa solar bids :

(1) States postponing almost-ready bids

(2) States backing down from PPAs at higher rates

(3) At the same time Wind power producers feeling a little orphaned for reasons : continuously falling solar tariffs & high attention to solar vis a vis wind

Average Solar Bids in Reverse Auctions in India from 2010 -2017

And please make no mistake people the current solar project prices are below costs. If this continues quality will suffer & there will be a significant consolidation. There are lots of false information making waves across solar arena. And if you only get your news from PR driven media, dedicated news feeds & a pay for play media you risk being misinformed – which is the current case of Indian solar industry. What is the logical justification of the developers past project costs based on IRRs viz a vis new pricing based on tariffs. Have they embraced the changing realities?

When only lowest project costs is the most important factor !

Anyways this is seriously going to affect solar projects undertaken by SMEs and MSMEs, which are supposed to be backbone.  Let us wait & watch for this blockbuster thriller solar bids to perform at the box office 😀

What do you guys think 🤔 !? do post your views & opinion on the same….

 

And in case you are thinking of going green and powering your premises via solar or are thinking of setting up solar power plants across India, as a solar consultant in India we can always help you 🙂

Till we meet next time …

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Rooftop Solar in India !

New Year Greetings to everyone ! as you are going through the first post for the Year 2017 🙂 Moreover while there is continuous ‘Boom-ma-Boom’ across the utility scale solar segment in India & another very interesting solar arena is not far behind in making news – the “Rooftop solar” power segment in India !

Few days ago I came across an interesting question on ‘Quora’ i.e. “Will the need for utility scale solar energy decrease significantly as rooftop solar energy production increases?” & as a Solar Consultant in India, very often I encounter this question on different forums & platforms that “What do you think is the future of rooftop solar plants in India ?” OR “Does rooftop solar plants in India makes any economic sense?” & many more queries on rooftop solar arena across India….

Well Commenting specifically taking into consideration the Indian scenario :

India recently witnessed crossing of more than 9 GW ! of Solar capacity across the country and is about to see this figure changing into multiplication of many times from current capacity on year to year basis. This is mix of both the utility scale and the rooftop / distributed solar generations combining both grid and off-grid.

Though utility scale solar power plant contribution in total solar mix is more and is bound to remain more in future also because it makes a sensible business sense & revenue model, still the real strength of solar lies in the distributed solar energy generations or the rooftop solar power plants.

state wise and year wise target of rooftop solar projects in India

state wise and year wise target of rooftop solar projects in India

The real beauty & advantages of solar lies in distributed market i.e. individuals opting for rooftop solar installations as energy is consumed at the same point where it is generated and no additional requirements of land coupling with benefits of no transmission & distribution losses benefiting both generators and utilities.

Distributed / rooftop solar generation is “For the people” and more importantly “By the people” and not unlike utility scale solar which would be setup only by the big business houses to make an ROI sense and beautify balance sheets. Moreover it would also benefit a vast majority of more then 30%+ of Indian population deprived of even the electricity grid.

Does Rooftop Solar makes any Financial Sense ? 🤔 😉

Hmm… So On Viability :

  • If you are paying more than Rs. 6 per Unit on your utility bill currently then what are you waiting for – Just go for solar rooftop power plant for your roof ! It definitely
    Rooftop Solar makes Financial Sense 🤔 ;) !

    Rooftop Solar makes Financial Sense !

    makes sense compared to any investment tool you come across !

  • On Subsidy :
    • Don’t depend on the subsidy to establish the viability of your solar system. Yes it helps a bit but your focus should be more on electricity savings, annual rise of your utility bills, regular power cuts & generating clean energy ! Very sooner the subsidies are going to stop as it happened in the solar water heaters arena.
  • For commercial & Industrial users : Already getting a solar system on your roof is very much viable even now and the benefits of accelerated depreciation (even though reduced to 40% now) still establishes much more viability of the same. All you big shots out there, you guys know very well what I mean 😉
You know it has crossed your head a few times & why wouldn't it ?1? Going Solar makes good financial sense !!

You know it has crossed your head a few times & why wouldn’t it ?!? Going Solar undoubtedly makes good financial sense !! 🙂

Moreover electricity is now the basic elementary need for people and so as Mahatma Gandhi believed “That the all the means of production of the elementary necessaries of life should remain in the control of the masses” – Electricity is one of them and should be in peoples control 🤔 !!

Hence my personal favorite is rooftop solar arena but as long as & till the masses are made aware and they adopt rooftop / distributed means of production for their electricity needs – the need for utility scale solar energy will not decrease significantly as distributed energy production increases?

At the same time even though the government is positively pushing the development of rooftop solar segment across India, still we are hugely missing the targets set by the them.

Solar Rooftop Targets across India - Approved Vs Commissioned

Solar Rooftop Targets across India – Approved Vs Commissioned

 Challenges faced in Rooftop Solar arena across India :

Well the biggest challenge is mainly in terms of lack of awareness among consumers along with…

  • Lack of consistent policy support from the states – Almost all the solar companies operating in rooftop segment have faced this & knows this better 🙂
  • Currently with over 20+ states have some or other form of solar net-metering policy,  yet very few states have demonstrated implementing hurdle fee net-metering rooftop solar systems.
  • Many states which are extremely suitable for implementing solar net-metering schemes are not approving or supporting solar rooftop deployment under the Opex / RESCO / BOO / BOOT model.
  • While government (both central & state) are announcing ambitious policies & targets for rooftop solar, yet very little attention is given to successfully implementing & enforcing the targets.

Well despite all odds the rooftop solar sector is showing signs of growth though not as projected & if some of these hurdles prevails in coming times then India will undoubtedly fail to meet the rooftop solar targets of approximately 40 GW by 2022..Lets see !

But as of now looking at the present Indian scenario & at the end of the day what we should think of is that Solar is contributing in the overall energy mix be it utility scale or distributed !

confused“Utility Scale Solar” OR “Rooftop / Distributed Solar” in India”!!?? well, we need both of them presently & what we should understand is –

“Chaman mein italaa-te rangaboo se baat banti hai,

Hum hi hum hai toh kya hum hai, tum hi tum ho toh kya tum ho”

What do you guys think 🤔 !? do post your views & opinion on the same….

And in case you are thinking of going green and powering your premises via solar, as a solar consultant in India we can always help you 🙂

Till we meet next time …

Cheers !

Timeline_Cover_doNotRename71asd

www.urvishdave.com

Solar Project Consultant – India

Also Follow us on :

Twitter @ UrvishDave1 & Facebook page @ RenewableEnergySolutionsInIndia

 

Posted in www.urvishdave.com | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment