Advantages of Roof Top Power Generation Energy Scenario in India Primary Energy Consumption per million people (TOE) Rising Energy Consumption in India 70 7.0 Per-Capita Energy Consumption (00’ kWh) 67 60 64 62 61 56 3.8 50 45 40 2.0 World Average : 1.8 37 0.6 0 2007 2008 2009 2010 2011 2012 2013 * India China US Germany Quality of Electricity Supply : India Ranks low among EMEs 1= Highly unreliable 7 = Highly Reliable 6.2 5.4 5.4 5.9 5.2 5.1 5.1 4.8 4.8 4.6 4.3 4.1 3.4 2.7 2.6 Source: CEA, India, Global Competitiveness Report -2014, * Waaree Estimates Italy Argentina Eqypt India Brazil Indonesia Mexico Turkey Russia Thailand Colombia China Morocco Chile Taiwan Per capita energy consumption in India is very low compared to developed nations. Energy consumption is low due to insufficient supply of electricity 400 Million without access to electricity , distributed energy provides faster access 70% of population without access to reliable and continuous source of power 2 3 Tax Credit Policies for Solar Power Installations Proposed Tax Credit policy • Any person/institution/company who installs solar power will benefit from tax credit of Rs 5 per unit generated from the system • This tax credit would be available for 15 years • It can also be traded and can be sold to other parties • Applicability : • Individual consumers : 3-6 kW • Commercial Buildings (on rooftop) : 10 – 100 kW • Industrial Consumers : 1000kW – 50 MW • Micro-Grid Owners : 5kW – 20kW 4 100 GW in next 2-3 years with Tax Credit Policies Waaree believes that this scheme will bring in more than 100GW of installation across the country through distributed installation without any immediate stress on the exchequer. What this 100GW means : • Generation of 160Billion* units of green and clean energy every year • Total Tax incentive value – 800 Billion INR or 80,000Cr • Tax incentive would be spread across 15 years * 1 MW of Solar Power Plant produces on an average of 1.6 Million unit of electricity in a year 5 100 GW Installation – Individual Houses Individual houses will contribute significantly to solar power installation if incentivized through tax credit policies. Typical houses would have installation ranging between 3 – 6 kW. Benefits to a 3 kW owner • Free power of 4800* units each year for 25 years (Equivalent to Rs 24,000 **) • Tax credit worth of Rs. 24,000 each year Benefits to a 4 kW owner • Free power of 6400 units each year for 25 years • Tax credit worth of Rs. 32,000 each year Benefits to a 5 kW owner • Free power of 8000 units each year for 25 years • Tax credit worth of Rs. 40,000 each year Benefits to a 6 kW owner • Free power of 9600 units each year for 25 years • Tax credit worth of Rs. 48,000 each year * 1kW of installation would produce on an average of 1600 units of electricity in a year ** Rs 5/unit is the average tariff of individual urban consumers 6 100 GW Installation – Commercial Buildings Commercial buildings which has substantial power requirements and has to pay substantial amount on electricity bills can save on solar installations and benefit from tax credit too Typical commercial installations would have installation ranging between 10 – 100 kW. Benefits to a 50 kW owner • Free power of 80,000* units each year for 25 years (Equivalent to Rs 5,60,000 **) • Tax credit worth of Rs. 4,00,000 each year * 1kW of installation would produce on an average of 1600 units of electricity in a year ** Rs 7/unit is the average tariff of industrial consumers 7 100 GW Installation – Industrial Consumers Industrial consumers can benefit from cheaper power and reduce dependencies on external power sources. Also, RPO obligations can also be met. Typical commercial installations would have installation ranging between 1000kW – 50MW. Benefits to a 1 MW owner • Free power of 16,00,000* units each year for 25 years (Equivalent to Rs 1,28,00,000 **) • Tax credit worth of Rs. 80,00,000 each year * 1kW of installation would produce on an average of 1600 units of electricity in a year ** Rs 8/unit is the average tariff of industrial consumers Advantage – Roof Utilization Sites of WAAREE Client Surat Municipality Corp. Place Gujarat Size 100 KW On Grid Client VVP Engineering College Place Rajkot, India Size 100 KW Off Grid Advantage – Roof Utilization Self Sustaining Power Generation & Utilization On an average , Each of the Metro Cities of India can have roofs that can generate almost 4000 MW of power . Atleast 10% - 30% of the power requirements can be generated through the idle roofs of each metro. Each roof that is u-utilized can become a power production house The roof can become an Revenue Generator by selling generated power Savings - $$$$$ The transmission lines that wind the city can be nullified or reduced Power Losses reduced The money spent on infrastructure of laying of cables can instead be used to invest on solar roof tops. Decentralized Power the best choice for smart grid management MNRE: Ministry of New and Renewable Energy SECI: Solar Energy Corporation of India Advantage – Roof Utilization Client Urja Vikas Bhavan Place Uttrakhand, India Size 25 Kw w/ battery backup Waaree Sites Thank You “I'd put my money on the sun and solar energy” “I hope we don't have to wait 'till oil and coal run out before we tackle that” Thomas Edison (1847 – 1931) www.waaree.com THANK YOU WAAREE ENERGIES LTD. Head Office : 602, Western Edge-I, Western Express Highway, Borivali (E) Mumbai – 400 066, India Board Line: +91- 22 - 66 44 44 44 Fax Line : +91- 22 - 66 44 44 00 Visit us at: www.waaree.com Email : [email protected] 12
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