Introducing Ultimate Sun Systems – MNRE Channel Partner and fastest growing solar company in India

Category : Distributed Solar (RoofTop, Small Ground Mount, OffGrid, Rural, Applications, OffShore, Telecom, Hybrid)

1. Government of India target of 40GW Rooftop Solar by 2022…..Can the industry achieve this target

There is a lot of anticipations, anxiety, apprehension and aggression. Some feel the Target is Unachievable being Unrealistic including A Parliamentary Panel.

We at Ultimate Sun Systems strongly feel that, while the Task is daunting and very very challenging. The Set Target is  achievable with proper planning and proper impetus by the Government and other decision and policy making Agencies. These are few of the things which should be prioritized;

• Strengthening of the Distribution Network and grid availability for power evacuation
• Reduce the Challenges in NetMetering implementation
• Timely release of Susbsidy
• Speedy allocation of Roof Top Projects from Government Rooftops. As one quarter (i.e. 10 GW out of 40 GW) of the Target to be covered from Government Buildings.

2. Please present case study of few noteworthy projects executed by your company in the distributed solar space

February 2016; MM University, Mullana USSPL installed 02 MWp of Solar Roof Top in a record time of less than 45 days to avail the AD benefits of 80% before 31^st of March 2017.

Some of our other notable projects have been a rooftop project with battery back up for DLF in Gurgaon, and gird tied rooftop plants for NHK Springs, Archies, IOCL to name a few

3. Please describe in detail about your company, its promoters, directors, investors, vision, objectives and its plans in the solar industry

• B. S. Yadav | Managing Director |M. Sc (Electronics), M. Tech. IIT ‐ Delhi, PGD ‐ IIE, Washington, USA | Principal Advisor – National Solar Energy Federation of India | Ex Director (Technical) – HAREDA (Haryana Renewable Energy Development Agency) | Ex CEO – RS India (Solar and Wind) | Ex CEO – Elcomponics

30  Years  experience  in  Renewable  Energy  &Energy  Conservation  policy  planning  &implementation,  particularly  in  design  &installation of offgrid andgridconnected Solar Power Plants, and implementation of Energy Efficiency Projects.

• Narender Kumar | Director |B.Tech. (E&C), M.Tech (NT&M), PGDM

16yearsexperienceinplanning,executionofTelecommunication,RealEstateprojects,solarrooftopPVplantoperations,business development and marketing

·         Mr. Himanshu Yadav | Director |B.E. (Hons.) Electronics & Instrumentation, M.S. (Hons.) Mathematics BITS – Pilani

6 years experience expertise Domain, Site survey, and prefeasibility analysis of site, preparation of Detail Project Reports, Procurement,FinancialEngineering, Projectmanagement & Business Strategy

·         SabyasachiPattnaik | VP – Business Development

B.Engg. (Mech) + MBA (Marketing) IMT Ghaziabad, Ex Tata Power, Ex Jindal Steel and Power, Ex Country Manager – South Asia Apac Energy (CAT Singapore Subsidiary)

18.5 years of experience in business development, strategy advisory services in the field of energy and power domain

Vision:

USSPL, a MNRE channel partner, is committed to its customers and sustainable development to provide the world with quality, cost effective and ground breaking new eco-friendly solar powered technology through innovation, hard work, dedication and creativity in its products and services.

USSPL four Pillars of Success and Services:

• Customer Satisfaction
• Passion For Excellence
• Innovation & Integrity
• World Class Quality in Workmanship

Plan and Projections:

4. What are your USP’s and differentiating factors as compared to your competitors

• The combined experience of more than 50 years of our executive team in the power and energy sector, which comes from working across both private and government segments, gives us a unique advantage to operate in this industry.
• Our strong technical expertise gives us an ability to provide tailor made customized solutions for power requirements for our clients.

5. What are the opportunities in this space and the challenges in up-scaling and mainstreaming distributed solar

Opportunities:

• With the National Solar Mission of 100 GW, the Opportunity is immense.
• With Renewable Service Obligation and mandatory Solar roof top Installation the Opportunity increases
• The awareness and going Green commitment by the Corporate and Domestic Clients make the Sector Open.

Challenges:

• up gradation of DISCOM and transmission infrastructure is
• Impact of GST which has ultimately increased the taxation in BOM increasing the overall cost of the System

6. Kindly enlighten on “Energy Storage as Game Changer”….Technology& Cost Trends, Incentives and Government Support needed

Energy storage is a crucial way for enabling the effective integration of renewable energy and unlocking the benefits of local generation and a clean, resilient energy supply. The main challenge till date remains the Cost; ESSs remain expensive and the significant upfront investment required is difficult to overcome without government support and/or low-cost financing.

The future of Electricity lies in Renewable Source of Electricity. While the costs for renewable generation continue to fall, integrating and effectively using these new resources, especially in regions with weak grid infrastructure, will require energy storage. An Report by IFC (World Bank private wing) states that Energy storage deployments in emerging markets worldwide are expected to grow over 40 percent annually in the coming decade, adding approximately 80 GW of new storage capacity to the estimated 2 GW existing today.

I think we’ll  seethe energy storage market pick up some good pace from 2018 onwards.

7. Policies &Regulations : What are the benefits , subsidies given by SECI, Central, State and Local Government, What are the key policy & regulatory features announced by the government

Subsidies & Benefits:

For residential and Institutional Clients there has been a benefit of 30% subsidy on the Project Cost, Net Metering Provisions. Few State provide Generation Based Incentive as high as @ Rs. 2/Unit.

For industrial Consumer there is Accelerated Depreciation Tax benefits @40% which will have a savings on Income Tax shortening the Payback Period.

8. What are the cost of solar energy in various states for different category of consumers such as Commercial, Industrial & Residential

Residential systems (1 – 20 kW) costs currently are around 60,000 – 70,000 Rs./kW

Commrcial/Industrial systems (20 kW – 1 MW) costs currently are around 50,000 – 60,000 Rs./kW

9. Are there any financing benefits like interest or capital subsidies by Government, banks, NBFC’s for financing distributed solar projects ?

Please refer Answer No.07

10. Solar Cities : How many solar cities are announced and describe in detail as to what will happen in these solar cities

MNRE has announced 60 Sities to developed as the Solar Sities.

The Solar City aims at minimum 10% reduction in projected demand of conventional energy at the end of five years, through a combination of enhancing supply from renewable energy sources in the city and energy efficiency measures. The basic aim is to motivate the local Governments for adopting renewable energy technologies and energy efficiency measures. In a Solar City all types of renewable energy based projects like solar, wind, biomass, small hydro, waste to energy etc. may be installed alongwith possible energy efficiency measures depending on the need and resource availability in the city. 

At the planning Stage a Financial Assistance of  Rs. 50 Lacs per City  had been identified for each city for thethe following for the first Three Years;

Preparation of Master Plan; Detailed Project Report; Setting up of Solar City Cell; Oversite of implementation; and capacity building and other promotional activities

11. How many projects and how many installations (in KW/MW) is completed by your company

12. Why any entity (Residential/Commercial/Industrial) should adopt Solar Energy…What are the financial benefits

Every sector, be it residential, commercial or industrial should adopt solar energy as soon as possible, as it not only makes for a better decision for our environment and planet; it also makes simple business sense in terms of return on your equity. If you have your savings in a bank FD which at best gives you 8%, why would you not want to invest in a project which can give you 15-25% returns on your equity?

13. What are the challenges in Government & regulatory clearances, approvals etc

• There are  some states where Open Access currently not permitted to use roof top Solar Power plant to meets its captive power requirement.
• Few States has a restriction of One-Metre One-Campus which is a deterring factor for those Autonomous Universities Institutions (mainly Educational Institutions) which restricts the Opportunities of Solar Roof Top in these kind of Institutions.
• Few States Policies on Restriction of Distribution/Power Transmission Transformer Loading also bind and limit the Opportunity
• Non Implementation of the Policies fully like Provision of Selling of Extra Power generated on the last discovered Tariff. But few of the States only allows adjustment of surplus power supplied to it in the bill of a consumer to the extent of 90% of surplus supplied power. But no provision made for payment of Excess Power to the Solar Power Owner.
• DISCOM’s delay in putting Net Meter at the premises result in Delay and loss of Energy & Revenue. 
• Not all DISCOM have a provision of Generation Based Tariff. 
• While Solar Policy claims to have an exemption on Duties, Charges and Surcharges while DISCOMS and Power Department doesn’t allow this waiver as they don’t have such notification

Source: value360india