"I am bored of software" Its all virtual in the mind, no concrete matter. Hmmn.. I am thinking of building a hardware system(solar PV based farm) :)
I aim to blog here my findings as i venture into the Solar adventure and open source all the knowledge gained in the due course.
With the solar energy based electricity production catching up in Germany and other western countries, I have been thinking for a while the best way to get into this space to contribute and monetize by setting up a self sustainable business as sun light is abundant in India.
Germany seems to be leading in the solar energy space (They call it Energiewende or energy revolution). This revolution seems to be because of rising energy prices(as they were major importers of electricity), the Fukushima nuclear disaster and government policy to give good feed in rates for energy producers.
Given
India has temperature of around 25-40 degrees around the year
Solar PV panels cost have reduced drastically (0.4 to 0.7$/w)
Indian Government has solar feed in tariff with net metering(in Karnataka) at subsidized rates
Current goverment has backing for solar energy (considering Gujrath's model)
When
Solar PV based system are setup as farms or on roof tops
Then
Electricity can be generated and fed into existing grid. With two way net metering we can run the meter backwards. Carbon footprint can be reduced and a small profit made
Exceptions and unknowns
Power companies like BESCOM might be unwilling to pay the rates and provide net metering(considering corruption in govt offices)
Risks like fire disaster or grid tie cut off (when main grid is turned off, the unit should stop supplying power so the line man doesnt get electocuted etc ) need to be evaluated
What if feed in tariff gets reduced drastically by government?
Profit need to be computed:
Estimated Profits
Ingredients
Solar panel at say 0.5$/watt = Rs.25/watt a 10kwph system would cost : 2.5 lakhs
Micro inverters (per panel inverter is better than one single inverter)
Net meter , wires and other components
Labour
Land
Permission from electricity board
Profits
Feed in tariff rate say Rs.12/kw . If a 10kw system runs say 10 hrs/day produces 100KW in a ideal scenario. So earning is around Rs.1200/day on a good day?? Roughly one can make Rs.30,000( $600) a month with 10kw unit (considering the feed in tariff rate is real)?? 10% returns
Note: these are rough calculations and might be wrong. will update once i get the system in place and start earning in real from these power companies.
Hmmm, so I need to buy the ingredients. The most important being solar panel. 2 options - Mono or poly crystalline. Mono is expensive and compact than Poly.
A Report on Design Estimation of 1MW Solar PV Plant (Utility Scale) with potential earnings is here
The Government policies (in India)
Solar PV companies in India:
Solar panel supplier list http://www.enfsolar.com/directory/panel/India
http://www.evergreensolar.in/index.php (Tamil nadu based)
Useful links
I aim to blog here my findings as i venture into the Solar adventure and open source all the knowledge gained in the due course.
With the solar energy based electricity production catching up in Germany and other western countries, I have been thinking for a while the best way to get into this space to contribute and monetize by setting up a self sustainable business as sun light is abundant in India.
Germany seems to be leading in the solar energy space (They call it Energiewende or energy revolution). This revolution seems to be because of rising energy prices(as they were major importers of electricity), the Fukushima nuclear disaster and government policy to give good feed in rates for energy producers.
Given
India has temperature of around 25-40 degrees around the year
Solar PV panels cost have reduced drastically (0.4 to 0.7$/w)
Indian Government has solar feed in tariff with net metering(in Karnataka) at subsidized rates
Current goverment has backing for solar energy (considering Gujrath's model)
When
Solar PV based system are setup as farms or on roof tops
Then
Electricity can be generated and fed into existing grid. With two way net metering we can run the meter backwards. Carbon footprint can be reduced and a small profit made
Exceptions and unknowns
Power companies like BESCOM might be unwilling to pay the rates and provide net metering(considering corruption in govt offices)
Risks like fire disaster or grid tie cut off (when main grid is turned off, the unit should stop supplying power so the line man doesnt get electocuted etc ) need to be evaluated
What if feed in tariff gets reduced drastically by government?
Profit need to be computed:
Estimated Profits
Ingredients
Solar panel at say 0.5$/watt = Rs.25/watt a 10kwph system would cost : 2.5 lakhs
Micro inverters (per panel inverter is better than one single inverter)
Net meter , wires and other components
Labour
Land
Permission from electricity board
Profits
Feed in tariff rate say Rs.12/kw . If a 10kw system runs say 10 hrs/day produces 100KW in a ideal scenario. So earning is around Rs.1200/day on a good day?? Roughly one can make Rs.30,000( $600) a month with 10kw unit (considering the feed in tariff rate is real)?? 10% returns
Note: these are rough calculations and might be wrong. will update once i get the system in place and start earning in real from these power companies.
Hmmm, so I need to buy the ingredients. The most important being solar panel. 2 options - Mono or poly crystalline. Mono is expensive and compact than Poly.
A Report on Design Estimation of 1MW Solar PV Plant (Utility Scale) with potential earnings is here
The Government policies (in India)
- Subsidy : The Ministry of New and Renewable Energy (MNRE) provides up to 30% capital subsidy for roof top systems (off-grid)
- Tax breaks A company can claim 80% accelerated depreciation in the first year of installation under section 80 IC of the Indian Income Tax Code, leading to savings on income tax.
- Renewable Purchase Obligations (RPOs) and Renewable Energy Certificates (RECs) - Under the REC mechanism, developers are eligible to receive one certificate for every 1,000 kWh of renewable electricity fed into the grid
- Net metering Until May 2014, four Indian states: Gujarat, Andhra Pradesh, Uttarakhand,
Tamil Nadu and West Bengal have finalized the net metering policies. Another
four states: Delhi, Kerala, Karnataka and Punjab have net metering policies
in a draft stage. In Gujrath the roof top FiT price is Rs.11.21/kWh and Rs11.78/kWh
Solar PV companies in India:
Solar panel supplier list http://www.enfsolar.com/directory/panel/India
http://www.evergreensolar.in/index.php (Tamil nadu based)
Useful links
- BRIDGE TO INDIA is launching the INDIA SOLAR NAVIGATOR. This online, analytical tool is designed provide you with up-to-date, in-depth business insight on the Indian solar market.
- Bridge to India - The India Solar handbook : download pdf
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