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Rooftop Solar: A New Business Opportunity for NSPCL

Explore the emerging business prospects in rooftop solar installations for NSPCL, backed by detailed market insights and government policies. Discover the SWOT analysis, investment models, case studies, and future outlook in this growing sector.

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Rooftop Solar: A New Business Opportunity for NSPCL

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  1. By SMITA KUNDU, DGM (Commercial) & SAURABH SHARMA Mgr (Engg) NSPCL CC ROOF TOP SOLAR A NEW BUSINESS OPPORTUNITY FOR NSPCL

  2. PRESENT SCENARIO- ROOFTOP SOLAR • GOI Target 2022: 175 GW RE including 40 GW Roof top solar • Installations till 2017: < 1 GW (Source MNRE) • MNRE Mandate: State wise Solar RPO target • Funding: World Bank sanctions $625 million loan to SBI for discounted finance for Rooftop Solar • SMART CITY: New Business Opportunity

  3. Smart City (NCR) Potential • NCR: NDMC & Faridabad declared as SMART CITIES • Delhi’s : Total Solar Rooftop Potential: Delhi’s area 1483 sq km, 50% ie 700 sq km of built up rooftop available. 4.42% or 31 sq km available for Rooftop PV ie 2557 MW (Source: Delhi Solar Policy) Rooftop Capacity Available • Government buildings- 26% • Commercial & industrial building-25% • Residential- 49% • Very little grid downtime, ideal for grid connected solar systems with net metering system • Mandatory Rooftop Installation in Delhi, Haryana, UP, Chandigarh & Chattisgarh states (as per local building bye laws) (Source: Bridge to India)

  4. POLICIES, MANDATES & INCENTIVES Delhi Solar Policy (2016-20) on Rooftop - Highlights • Mandatory for Govt Buildings with Rooftop Area > 500 m2 • Generation Based Incentive of Rs. 2/unit offered to domestic generator for 3 yrs with min 1100 units/year (capping 1500 units/year) • Evacuation infrastructure will be developed by state DISCOMs. • DISCOMs will give preference to source 75% of the RPOs from within the state. Incentives: • 10 year tax holidays & other Exemptions • Accelerated Depreciation • Concessional Customs & Excise Duty • Viability Gap Funding given • RBI mandates loans uptoRs 15 crs on Rooftop SPV as part of Home Loan • Direct subsidy from Centre – MNRE (30% capital subsidy on projects) • Leveraging Air Ambience fund in Delhi (funded buy a cess on diesel)

  5. DERC AS ON SEPT 2017 • RPO’s Distributor licensee (DISCOM) RPO shall be computed as a % of Total sales of power to retail consumer excluding Hydro • RPO Target: • Renewable Energy Certificate: The distributor licensee may purchase REC if does not comply with RPO Target • Penalty: Non compliance of RPO target shall attract penalty as decided by DERC

  6. NET METERING- DELHI SOLAR POLICY • Net Metering applicable for above 1KW connections • Group Net Metering and Virtual Net Metering available • System Transparency- Mandates DISCOMS to put all requests online • DISCOMS to pay for surplus energy at year end • DERC approval on case to case basis

  7. SOLAR ROOFTOP CHALLENGES • Local Issues (Structure strengthing issues) • Non Uniformity of Policies & Initiatives in states • Power Evacuation by Discoms • Regulatory Clearances • Upfront Capital Costs • Inertia to Paradigm Shift • Lack of Implementation of Incentives • Net Metering Issues

  8. NSPCL’S BUSINESS OPPORTUNITY FOR ROOFTOP SOLAR • Starting with Solar Rooftop installation in SAIL Plants • Similar Solar Rooftop installations in NTPC and its JVs • EPC Opportunity for Urban areas starting with SMART CITIES Catering to Categories: • Government Buildings & Institutions • Commercial Building • Industrial Building

  9. SWOT ANALYSIS: NSPCL AS EPC PLAYER

  10. Solar Rooftop Investment Models Rooftop Investments • CAPEX Model • Ownership- Rooftop Owner • O&M lifetime Responsibility (25 Years)- Rooftop Owner • RESCO Model (Renewable Energy Services Company Model) • Ownership- Developer • O&M lifetime Responsibility (25 Years)- Developer • BOOT Model (Build Own Operate Transfer Model) • Ownership- Developer (Initial Period), • Ownership Transfer- Rooftop Owner (After mutually agreed period) • O&M lifetime Responsibility (After mutually agreed period)- Rooftop Owner Source: https://energyforum.in

  11. Case Study- Summary

  12. Case Study- Payback

  13. Conclusion • Normally 7-8 Years Payback Period • 4 units/day/kw generation • Funds are easily available • Policies ,Incentives & Penalties in most states are in place. • State wise RPO requirement • Focus on rooftop installations who are consuming power at Commercial rates.( Industrial & Commercial units) Big Opportunity for NSPCL as an EPC player to enter the Rooftop Solar Market as the largest PSU backed JV immediately to meet 2022 GOI target.

  14. THANKS!

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