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3.6 MWp Solar PV Project in Maharashtra, India

Renewable Energy

Solar

Captive rooftop

About this project

The project proposes to develop a 3.6 MWp (2.5 MW AC) rooftop Solar PV project, in Maharashtra, India. This shovel-ready project aims to generate clean energy for consumption of an MSME off-taker (Micro, Small, and Medium Enterprises). The project will contribute to reducing carbon emissions and promoting sustainable energy solutions in the region.

The project will be developed on 10.35 acres of rooftop space on the offtaker’s facility in Maharashtra. The project has received necessary feasibility approvals.

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Project Ownership

Owned by the Offtaker

Timeline & Outlay

  • Check Icon
    Jun'24Commencementof Project
  • Nov'24Financial Closure
  • Jan'25ConstructionCommencement
  • Jun'25OperationCommencement

Investment Grade

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Assessment in progress

Financial details

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Total Financing Required

₹ 1.19 Crores

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Investment Type

Debt

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Expected IRR

15.98%

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Life of the project

25 years

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Annual energy generation

57,86,000 kWh

About the Consumer

The consumer is a construction group specialising in constructions that meet international standards with strict timelines. They focus on commercial, IT, and hospitality projects. Starting modestly with residential developments in Navi Mumbai, they've completed 9 properties so far.

The group has expanded to take on larger projects across various sectors, emphasising thorough research and knowledge application.

Recently, the company has committed to sustainability by initiating a solar rooftop project to fulfil their 3.4 MWp energy requirement, showcasing their move towards renewable energy solutions.

Additional details

  1. Credit Rating: BBB
  2. Annual revenue: ~450 Crores
  3. % power mix through renewable energy: 33%

About the Project Developer

The project developer (EPC) is an Indian renewable energy firm based in Maharashtra, India and established in 2014, specialising in solar power solutions.

This company combines global solar technology knowledge with local expertise to provide comprehensive, quality-focused solar energy solutions throughout India.

Core competencies

  1. Expertise: Offers integrated solar services across India, from residential to utility-scale projects.
  2. Services: Provides on-grid, off-grid, solar pumping, and custom mounting solutions.
  3. Authorised reseller: Partners with top PV module manufacturers for reliable equipment supply.
  4. Full-service approach: Handles projects from design to long-term maintenance.
  5. Market adaptation: Well-versed in India's solar policies and regional energy needs.
  6. Capabilities: Delivers turnkey solutions tailored to India's unique environmental and regulatory landscape.

Technical details

Plant Capacity and Performance

  • Plant Capacity (AC): 2.5 MWac
  • Plant Capacity (DC): 3.6 MWp
  • DC to AC ratio: 130%
  • Gross Plant Load Factor (PLF): 17.33%
  • Net Plant Load Factor (PLF): 17.33%
  • Net Billable Units: 5,786,118 kWh per annum

Solar Panels

  • Solar Panels: 540 Wp Tier 1 Solar panels

Location

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