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Hero Future Energies Rooftop Case Study

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Rooftop Solar Case Study

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Hero Future Energies Rooftop Case Study

  1. 1. ROOFTOP SOLAR | SUCCESS STORIES
  2. 2. CONTENTS ABOUT THE GROUP ROOFTOP SOLAR IN INDIA ROOFTOP SOLAR @HFE OUR PROJECTS NISE BARMALT POWERGRID CORPORATION HERO MOTOCORP – JAIPUR 2
  3. 3. ABOUT US 3
  4. 4. OUR LEGACY Hero Group is a US$ 10 billion and one of the most respected industrial conglomerates of India. ‘Hero’ has grown to be an iconic household name since the 1950’s. The key businesses of the Group include: Automotive manufacturing, Services businesses, Auto-ancillary, Education, BPO and Renewable Energy. 4 AUTOMOTIVE RENEWABLESINFRASTRUCTURE IT SERVICES EDUCATION CORPORATE FINANCE
  5. 5. BUSINESS OVERVIEW We are India’s one of the top ten Independent Power Producers (IPP) in renewable energy. Our core business involves adding capacities through successful implementation of wind, solar (Grid connected) and rooftop solar projects in India. RE TECHNOLOGIES EMPLOYED BUSINESS STRATEGY POWER SALE WIND SOLAR PV SMALL HYDRO NEW/HYBRID ROOFTOP SOLAR Organic growth Inorganic growth CAPEX / OPEX (Energy sale) model PPA with Central Agency/State Discom Captive/Group Captive Customer PPA with 3rd Party/ Power Exchange Industrial/ Commercial/ Government OUR MISSION To become a leading Power Generator of Gigawatt scale, consistently deploying best-in-class Green Technologies, Attracting and Empowering the finest talent to emerge as India's most Valuable and Respected Renewable Energies Company, committed to serving Domestic and International clientele. 5
  6. 6. OUR CAPACITY DOUBLED Y-O-Y OCTOBER 2012 Hero Future Energies Ltd. Incorporated MARCH 2013 Commissioned first wind project of 37.5 MW MARCH 2014 Commissioned 24 MW wind project in Maharashtra Acquired 16.8 MW wind project in Tamil Nadu Commissioned first rooftop solar project MARCH 2015 Commissioned 130 MW wind Rajasthan (80 MW) & Karnataka (50 MW) 30 MW solar PV commissioned in grid in Madhya Pradesh AS ON DATE WIND PROJECTS 200 + MW under construction across 3 states in India 250 + MW under development SOLAR PROJECTS 300 +MW under construction 200 +MW under development 37.5 MW 78.3 MW 238.3 MW 360 MW IN PIPELINE 350 + MW of wind IN PIPELINE 690 + MW of wind IN PIPELINE 1000 + MW of wind 500 + MW of solar
  7. 7. ROOFTOP SOLAR IN INDIA 7
  8. 8. ROOFTOP SOLAR IN INDIA TO TAKE A MAJOR LEAP • Over the past three years, the rooftop solar market in India has grown at a compounded annual growth rate of 90% • As of March 31, 2016 the cumulative installed capacity stands at 740 MW • Tamil Nadu is the leading state with rooftop installations of over 76 MW • Around 87% of all rooftop capacity in India is based on the CAPEX model while about 13% (102 MW) is based on the OPEX/ RESCO model • Total installed capacity in the residential segment is 143 MW or 27% of the total market • The residential market is highly fragmented and dominated by local companies • The key challenges that the government needs to address is to streamline net metering processes across states and enforce timelines 8
  9. 9. PROJECT ECONOMICS | INDUSTRY TAX BENEFIT FROM ACCELERATED DEPRECIATION  As per rule 5(1A) of Income-tax rules, 1962 a taxpayer is allowed to claim depreciation on its solar assets at 80% (rate of depreciation under ‘APPENDIX IA’)  Enables to offset tax payments in profit making companies  Your initial investment is recovered very fast MANDATORY ROOFTOP POLICY - HARYANA  Mandatory for all buildings to install solar PV depending on the connected load  Percentage of solar PV capacity varies from 5% to 3% of the connected load  For industrial customer with connected load more than 1000Kwp it is mandatory to install minimum 50Kwp plant or 3% which ever is more  Compliance to be done by 15th September 2015 9 Useful life of solar system 25 years Capital Cost of 100Kwp GC System INR 6.5 mn O&M charges 0.2 Million/100Kwp/yr with escalation of 5 % yearly Depreciation 80% in the first year Average generation 0.13 to 0.14 Million units annually
  10. 10. ROOFTOP SOLAR @HFE 10
  11. 11. OUR STRENGTHS 11 EXPERIENCED TEAM Multi disciplinary team exposure in various renewable verticals and across functions PROJECT DEVELOPMENT Timely completion and quality execution O & M O&M support for project life DESIGN & ENGINEERING In house team for complete design and engineering Partnership with top consultants in renewable sector PROCUREMENT Relationship with global suppliers across technologies and value chain RELIABILITY Realistic site assessment and top-notch Workmanship CUSTOMIZED SOLUTIONS Ability to customize solution as per the requirement of user and state of the art performance monitoring solutions
  12. 12. TYPICAL TIME FRAME* FOR 100 KWP SYSTEM 12 * Time frame varies based on selected equipment and system size DAY 15 Site Survey by HFE and General Discussion Submission of Techno- Commercial Proposal by HFE Release of Work Order by Customer Detailed Engineering Engineering Drawing/Make Approval from customer Material Supply/ Project Execution/Appro vals & Permits Commissioning & Testing O & M work DAY 45 DAY 55 DAY 100 DAY 120 TYPICAL AREA REQUIREMENT for 100 KWP system is 1000 – 1200 m2
  13. 13. PROJECTS – ROOFTOP SOLAR 13 total capacity ~15 MW SPECIAL ROOF (INVERTED TRUSS) RCC ROOF INDUSTRIAL SHED
  14. 14. PARTNERING WITH THE BEST IN THE INDUSTRY 14
  15. 15. CASE STUDIES 15
  16. 16. PROJECT - NISE 16 Headquarters for International Solar Alliance (ISA) System Capacity 151 KWp Special roof Space frame structure Commissioning time Record time of 20 days  Roof is 20 mtrs above the ground (6th floor)  There was no support from roof available  Module mounting had to be done through clamp which were specially designed for the structure  Clamps had to be light in weight which the existing structure could hold and also withstand wind velocity of 170 Km per hour  Structure design and fabrication took around 10 days CHALLENGES  Since the space frame was elliptical in shape, module orientation had to change after every 1.5mtrs  Dedicated team to ensure module alignment is maintained at all levels SOLUTION
  17. 17. PROJECT - NISE 17 UNDER CONSTRUCTIO N FINAL CONSTRUCTION
  18. 18. PROJECT - BARMALT 18  Manufacturing unit had truss as its base structure  Module mounting structure had to be mounted over the base structure  Customised structure design and fabrication to match the span of base structure was done  There was no provision of foundation available.  Wielding was the only solution and it has to be done at site CHALLENGES  On site wielding of structure with existing base structure was done under provision of HFE project team  Team ensured alignment of structure and modules so that aesthetics is maintained SOLUTION Barmalt Malting India Pvt Ltd Installed Capacity 150 Kwp Special roof Base Truss structure
  19. 19. PROJECT - BARMALT 19 FINAL CONSTRUCTION UNDER CONSTRUCTION FINAL CONSTRUCTION
  20. 20. PROJECT – POWER GRID 20 Headquarters of Power Grid Corporation @Gurgaon System Capacity 50 KWp Special roof Car ramp structure  To be installed on the car parking ramp, without any vertical support in between members  As the height of structure from ground was 17 Mtrs, special design analysis was done, for panels to withstand the wind velocity of 170 km/hr  Special requirement for continuous member without welding had to be used to maintain plant (Span of member – 7 meters)  Being a parking ramp, use of any vertical post in between members were not allowed CHALLENGES  Fabrication of structure for continuous span of members required special manufacturing facility  Specific structure members were designed  Team conducted thorough analysis & external support was referred for designing of members  Being a prestigious project and HFE brand, there were no compromise in quality SOLUTION
  21. 21. PROJECT – POWER GRID 21 FINAL CONSTRUCTION
  22. 22. PROJECT – HMC JAIPUR 22 Hero Moto Corp @Jaipur System Capacity 450 KWp Special roof RCC roof  Elevated structure with 2.5 mtr clearance above the roof was made to accommodate existing equipment on the roof  3* 5 Module matrix was used due to limited space and it offered only two vertical support  Anchoring solution with foundation was used to ensure stable structure and withstand wind velocity of 200 km/ hr CHALLENGES SOLUTION  State of Art R&D centre  RCC Roof fully occupied with chillers and other equipment  Solar to be installed considering all the equipment's  Aesthetics of the building to be given due consideration
  23. 23. PROJECT – HMC JAIPUR 23 FINAL CONSTRUCTION UNDER CONSTRUCTION
  24. 24. HERO FUTURE ENERGIES PVT. LTD. (A Hero Group Company) 202, Third Floor, Okhla Industrial Estate, Phase – III, New Delhi- 110020. India . www.herofutureenergies.com

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