EVI - Solar Profile-June 2013

PROFILE – SOLAR PHOTOVOLTAIC (PV)

EMERGENT VENTURES

PROFILE - SOLAR PV

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1. CONTENTS

1. CONTENTS ........................................................................................................................................... 2

2. ABOUT EMERGENT VENTURES ....................................................................................................... 3

3. SOME INTERESTING FACTS ABOUT SOLAR PV SECTOR ............................................................. 4

4. SOLAR PV CREDENTIALS .................................................................................................................. 5

2.2 EVI’S CAPABILITY .............................................................................................................................. 5

5. SOLAR PV OFFERINGS....................................................................................................................... 7

6. SOLAR PV ASSIGNMENTS ................................................................................................................. 9

7. PROFILE OF KEY MEMBERS OF THE TEAM ................................................................................. 14

5.1 VINOD K. KALA ............................................................................................................................ 14

5.2 SIDDHARTHA SEN GUPTA .............................................................................................................. 14

5.3 BAMAPADA GHATAK ...................................................................................................................... 14

5.4 DEELIP V. PUND ........................................................................................................................... 15

5.5 RANJIT CHANDRA ........................................................................................................................ 15

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2. ABOUT EMERGENT VENTURES

Founded in 2004, Emergent Ventures India (EVI) was

established with the twin goal to accelerate fight against

climate change and to foster sustainable development. With

presence across 15 countries globally, EVI is one of the leading,

fully integrated climate change mitigation, sustainable

development advisory and renewable energy consulting firms in

the world. EVI provides end-to-end services from carbon offset

project development, carbon advisory, and finance and

technology solutions, to environmental sustainability and risk

management advisory, and renewable energy generation

development.

EVI is led by people who realize that in order to move towards a

'low carbon' society, we must find ways to integrate global

finances and clean technologies. The team comprises of

international finance, technology and strategy professionals

with proven experience in areas such as environment markets,

environment policy, clean energy generation, energy efficiency,

water management and business sustainability.

Leading thought in the climate change space, EVI is currently

working on over 300 diverse projects, some of which are

industry firsts. These span our expert service areas of sustainability and climate value advisory, carbon

advisory and renewable energy generation.

EVI-SBUs

SCC -Sustainability

climate change consulting

Energy & Climate Policy (ECP)

Corporate Sus

Develop-ment (CSD)

Carbon Advisory

Sustain-able

Urban develop

ment (SUD)

Renewable

Solar PV Wind

(Wind-force)

Trading

Voluntary Carbon (VER)

Comp-liance

Carbon (CER)

The EVI advantage

Comprehensive Solution Integrated End to

End Support

Global Footprint Global Solutions

Locally Client Portfolio

We understand you better

Cross Industry Expertise Risk Reduction

High Quality Timely Delivery and Responsiveness Value for Money

Thought Leadership Staying Ahead of the

Curve

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3. SOME INTERESTING FACTS ABOUT SOLAR PV SECTOR

Solar PV Industry is the fastest growing Renewable Energy (RE) in the world (2007 to 2012) - The

global total of solar PV was roughly 100 GW at the end of 2012, to be compared with just 1.5

GW in 2000. Over the past five years, solar PV has averaged an annual growth rate of over 50%

Solar PV is the third largest Renewable Energy installed worldwide till today (only after Hydro &

Wind)

The price of the Solar PV technology is falling at the fastest rate among all RE

Solar PV is the only technology where the electricity is produced electronically (without any

moving part)

Investments in solar power overtook those in wind power for the first time in 2011

Solar PV is the only RE technology where milliwatt to megawatt can be produced (any size is

possible) and virtually can be installed anywhere on earth

If you cover 1% of the Sahara desert with PV modules, they would provide enough power to

meet the world’s needs

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4. SOLAR PV CREDENTIALS

2.2 EVI’S CAPABILITY

EVI has gathered significant expertise in solar PV domain related consultancy space and has provided

various kinds of services to its clients starting from site assessment to successful commissioning of solar

PV projects. EVI has successfully completed 1 MW and 10 MW solar PV projects in Rajasthan, India & 5

MW solar PV project in Gujarat, India as Owner’ Engineer (OE).

EVI has set-up its own state-of-the-art solar radiation and weather monitoring station in Rajasthan, India

that has been working for the past 24 months. EVI is also an approved Channel Partner to Ministry of

New & Renewable Energy (MNRE), Govt. of India as System Integrator to implement off-grid Solar PV

projects under capital subsidy scheme. EVI’s client base in solar includes independent power producers,

major corporate houses, financial investors for project development and owners’ engineer services; and

Govt. agencies seeking support for policy formulation, framework and guidelines for development of

renewable energy projects.

Recently EVI has expanded Solar consulting services in South East Asia. EVI has been appointed as one of

the authorized independent Inverter testing agency for the Sustainable Energy Development Authority

of Malaysia (SEDA Malaysia). SEDA Malaysia is a statutory Govt. body in Malaysia formed under the

Sustainable Energy Development Authority Act. The key role of SEDA is to administer and manage the

implementation of the feed-in tariff mechanism which is mandated under the Renewable Energy Act.

EVI successfully executed an assignment of Inverter testing for cumulative 2.5 MW solar PV plants in

Malaysia. Several other inverter testing assignments are in process. EVI is currently executing system

testing (DC & AC) assignment for 2 MW rooftop solar PV Plant for one large Solar PV developer in

Malaysia and executing another assignment for design & engineering review for 8 MW ground mount

solar PV plant for the same client.

Malaysia’s largest University has appointed EVI as consultant to prepare technical guideline for Solar

Farm audit for SEDA Malaysia.

The factors giving an edge to EVI over competition:

Strong domain expertise in Solar Photovoltaic Technology

o Highly experienced professional team with several years of experience (including

international experience) in Solar PV Projects

o The team has experience of executing several Solar PV projects across globe (including

MW scale projects) and is well conversant with global standards of project execution

o Up to date understanding of various typed of solar PV usage (roof tops, ground

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mounted, grid connected, off-grid and micro-grids etc across different terrains and

climate conditions e.g., desert, tropical, cold etc)

o Understanding of new technologies and configurations (such as Diesel with PV Hybrid

systems, concentrated PV etc)

The team is a mix of experienced technical & finance professionals, ensuring that projects

deliver superior value to investors

Proven design, engineering, audit and operational diagnosis capabilities, to ensure that plants

run well and deliver desired performance

Strong relationships with academic centers, global centers of excellence, policy makers, Industry

bodies etc.

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5. SOLAR PV OFFERINGS

•Site Selection (Ground mount or Roof mount)

•Site Assessment

•Solar Resource Assessment

•PV Technology recommendation

•Plant Capacity Estimation

•Energy Generation Estimation

•Power Evacuation Study

•Basic Design & Preparation of Major Bill of Materials

•Preparation of Technical Feasibility Report

Technical Feasibility Study

•Regulatory/Policy Assessment

•Study Central & State level policies

•Policy Recommendation

•Financial Modeling

•Project costing

•Project cashflow/IRR calculation

•Preparation of Bankable DPR

•Assistance in financial closure (Equity & Debt)

•Assistance in getting Govt.subsidy

•Preparation of Bankable DPR

Commercial Assistance

•Selection of EPC Contractor

•Preparation & Floating of RfQ for selection of EPC Contractor

•Techno-commercial comparisons of offers

•EPC Contractor due diligence

•Techno Commercial negotiations

•EPC Contracting

•Review of detailed design & engineering documents

•Construction Assistance

•Inspection & Quality Assurance

•Project on-site supervision

•Commissioning Assistance

•Witness Pre-commissioning & Commissioning checks & tests

•Witness Acceptance Test

Implementation Assistance

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•Power quality measurement of Inverters for grid compatibility

•Complete plant functional testing with troubleshooting

•Plant performance Audit

•Recommendation for plant performance improvement

Plant Quality Assessment

•Off-grid Solar potential mapping

•Techyno-commercial feasibility study for large Solar Park

•Technical guideline preparation

•Program management for Off-grid Solar PV deployment (with Mini/Micro grid)

•Assist in setting up of Centre of excellence on Solar PV Technology

•Solar PV Training

Solar Domain Consulting

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6. SOLAR PV ASSIGNMENTS

Service Scope of Work Projects Highlights

INDIA

Owner’s Engineer

Development / Feasibility Assistance

Regulatory assessment

Techno Commercial Assistance

Engineering & Design assistance

Project Implementation assistance

Audit & Inspection

Financial Assistance

Ground mount 5 MWp in Gujarat for export to grid

Client – APCA Power Pvt Ltd, India

Scheme - Gujarat state scheme

Period – Sept 2011 – Dec 2012

Provided end-end consulting from concept to commissioning

Assisted in debt closure

Ground mount 1 MWp in Rajasthan for export to grid

Client – Conflux Infratech Pvt Ltd, India

Scheme – JNNSM RPSSG Scheme

Period – Oct 2011 – Apr 2012

Provided end-end consulting from concept to commissioning

Assisted in equity closure

Assisted in getting supplier credit

Assisted in debt closure

Roof top 60 kWp in Kerala for captive consumption

Client – Kerala Metals & Minerals Ltd, India

Scheme – Kerala subsidy scheme

Period – Jan 2013 – Ongoing

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INDIA

Feasibility Study for Solar Park Development

Identifying and

evaluating the

suitability of land for

the development of

solar power

Market study of solar

project developers and

equipment

manufacturers

Technical

requirements for solar

project developers -

DNI level assessment,

land preparation,

infrastructure

requirements (gas /

water / transmission)

Integrating State-level

programs with the

National Solar

Mission

Organizational and

contractual structure

of the Solar Park

Financial structure of

the debt-financing

package to be offered

to project developers

Development of Solar Park in Gujarat, India

Client – Clinton Climate Initiative, Clinton Foundation

Scheme – Gujarat solar Mission

Period – May 2009

Study assisted in identification and development of 500 MW Charanka Solar Park in Patan District, Gujarat, India. Currently Charanka Solar Park has solar projects with total installed capacity of 221 MW.

Project execution assistance

Project Implementation assistance

Ground mount 10 MWp in Rajasthan for export to grid

Client – Sai Maithili Energy Pvt Ltd (KSK Group), India

Scheme – JNNSM Phase 1 Batch 1

Period – Oct 2012 – Apr 2013

Deputed full time site engineer at site for inspection & quality control of EPC vendor

Feasibility Study & Financial assistance

Development/Feasibility Assistance

Financial Assistance

Detailed Project Report Preparation

Roof top 180 kWp in West Bengal for captive consumption

Client – Amrit Group, India

Scheme – MNRE Capital Subsidy

Period – June 2012 – Oct 2012

Prepared DPR in MNRE format for three plants (two with storage back up)

Assisted in getting MNRE capital subsidy

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INDIA

Feasibility Study cum DPR Preparation

Development/Feasibility Assistance

Regulatory assessment

Detailed Project Report preparation

Ground mount 25 MWp in Maharashtra for exporting to grid

Client – Sarvesh Energy Pvt Ltd, India

Period – Jan 2013 – May 2013

Assited client in assessing project feasibility under different programs like state solar program, REC mechanism, JNNSM program

Ground mount & roof mount 11.5 MWp in Kerala for captive consumption and export to grid

Client – Cochin Airport Infrastructure Pvt Ltd (CIAL), India

Period – Jan 2013 – Ongoing

Assisting client in identifying sites feasible for solar projects within Cochin International Airport and other assets of CIAL.

Assisting client in assessing project feasibility under different programs like state solar program, REC mechanism, JNNSM program

Roof top 1.4MWp in Maharashtra for captive consumption

Client – Hindustan Coca Cola Beverages Pvt Ltd, India

Period – Apr 2012 - Nov 2012

Assisted client in assessing their rooftop for feasibility of solar plant

Explore options for mounting structures on roof without puncturing holes on roof using industrial adhesives etc

Assisting client in assessing project feasibility under different programs like state solar program, REC mechanism, MNRE capital subsidy

Client has decided to set up a 100 kWp pilot plant under MNRE capital subsidy scheme initially. Based on performance, client may expand the capacity

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INDIA

Techno-commercial Feasibility Study, Regulatory advisory

Site feasibility study

Preparation of Technical feasibility report

Financial modeling

Preparation of technical documents required for project approval under REC scheme

Roof top 4X250kWp in 2 states (2 in Maharashtra & 2 in Gujarat) for captive consumption

Client – Hanjer Biotech Energies Pvt Ltd, India

Scheme: Renewable Energy Certificate (REC)

Period – Apr 2012 - Aug 2012

Assisted client on conceptualize the project under OPEX model

Brought investor to the client for investing into the project under REC scheme

Did detailed Technical Feasibility study of the four sites.

Feasibility Study



Financial modeling

Assisting in bid document preparation for implementation

Roof top 260kWp in Delhi

Client – BSES Rajdhani Power Limited (BRPL), India

Scheme: Demonstration Programme on Tail-end grid connected Solar Power Plants

Period – July 2011 - Nov 2011

Did detailed Technical Feasibility study

Assisted client in preparation of the bid document




Roof top 1 MWp in New Delhi Railway Station (platform roofs)

Client – Northern Railways, India

Period – Sep 2012 - Dec 2012

Did detailed Technical Feasibility study on New Delhi Platform Roofs

Recommended client on the policy matters




Roof top 2.5 kWp (roof of train coach)

Client – Northern Railways, India

Period – Feb 2013 - Apr 2013

Did detailed Technical Feasibility study on installation of solar panels on the train coach roof

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INTERNATIONAL

Independent Inverter & Plant testing

Power Quality measurement of the PV Inverters as per utility guideline and relevant IEC standard

Total system testing (DC & AC)

Walk through audit

Witness in the pre-commissioning tests

Witness in the Commissioning tests

Ground mount 3.5 MWp project in Malaysia for exporting to grid

Client: Malaysian Solar Resources SDN BHD, Malaysia

Scheme: FiT

Period – Apr 2013 - ongoing

Measured the inverter power quality for grid compatibility

Roof mount 2 MWp project in Malaysia for exporting to grid

Client: Gading Kencana SDN BHD, Malaysia

Period – Apr 2013 - ongoing

Solar plant testing

Preparation of technical guidelines for Solar Farm Audit

Writing technical guideline for Solar PV plants in Malaysia based on International Standards

Policy work

Client : Universiti Teknologi Mara (UiTM)

Period – Mar 2013 – May 2013

UiTM is the largest University in Malaysia

EVI assisted UiTM in preparing technical guidelines for technical audit for solar PV projects in Malaysia

The assignment was awarded by SEDA, Malaysia

Design & Engineering review

Site feasibility

Solar Resource Assessment

Assisting in vendor finalization

Basic design

Energy generation prediction

Review of design & engineering documents and drawings

Ground mount 8 MWp project in Malaysia for exporting to grid

Client: Regal River SDN BHD, Malaysia

Scheme: FiT

Period – May 2013 - ongoing

Assisting client on the design & engineering of the plant

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7. PROFILE OF KEY MEMBERS OF THE TEAM

EVI’s team of experts has experience ranging from Solar PV cell & module manufacturing to project design, engineering, installation, commissioning and operations. The solar team is headed by Siddhartha Sen Gupta who has over 19 years of experience in Solar PV Industry and advised by Vinod Kala, Managing Director of EVI. The brief profile of key members of the team is given below:

5.1 VINOD K. KALA

Vinod created EVI in 2004 to fight climate change and to foster sustainable development. Under his

stewardship, the company has grown into a broad spectrum enterprise specializing in carbon, energy

technology, financing and project development. Vinod has over 20 years of experience in strategy and

finance. Prior to founding EVI, he promoted software products for the telecom and financial sectors. He

also spent 10 years as a consultant in assignments such as cross border mergers and acquisitions, large-

scale financial re-engineering and launching new products. Vinod has a Post Graduate Diploma in

Management from IIM Ahmadabad and a B. Tech in Mechanical Engineering from Malaviya Regional

Engineering College (1983).

5.2 SIDDHARTHA SEN GUPTA

Siddhartha heads the Solar PV team at EVI. Siddhartha has more than 19 years of experience in Solar PV

Energy in India, Middle East and Europe. Siddhartha’s work experience includes utility grade grid

connected PV projects and off-grid rural electrification projects in India, grid connected roof top PV

projects in Europe and industrial off-grid PV projects (Telecom and Oil & Gas sectors) in Middle East.

Siddhartha has a strong track record of developing solar solutions for various off grid and grid connected

applications. He has hands-on experience of developing and implementing solar PV solutions in remote

areas for rural electrification and commercial purposes in developing and lesser developed countries.

Siddhartha has worked in all possible applications of Solar PV and the roles included business

development, design & engineering, technology assessment, vendor development, project

management, QA etc. He underwent several trainings on Solar PV Systems which includes training on

‘Grid connected Solar PV System Design and Engineering’ in California, USA. Siddhartha holds B.E degree

in Electronics & Communication Engineering from NIT Durgapur and is a member of Engineers Ireland

(MIEI).

5.3 BAMAPADA GHATAK

Bamapada has more than 10 years of extensive hands-on experience in Solar PV sector. He has

experience of working in India and Middle East. He has extensive knowledge of power evacuation

assessment, understanding Grid codes of Indian states, Power Evacuation design for 11/33/66 kV for PV

plants, strong electrical engineering knowledge with hands-on experience, MW Scale plant electrical

design (both DC & AC), Hybrid system design (Grid:Diesel:Solar) and implementations, 10 years working

in Solar PV industry, Knowledge of ISO 9001 QA system. Bamapada holds B.Tech in Electrical Engineering

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from RVU and Post Graduate in Planning & Project Management from Central University, Hyderabad.

Prior to working with EVI, Bamapada has worked with world renowned companiescompanies like

Mitsubishi Electric, Conergy etc.

5.4 DEELIP V. PUND

Deelip has more than 19+ years of total experience with 10 years in project execution, O & M of wind power plants & foundry. Mr. Deelip is also qualified for: Internal Auditor of ISO 9000:2000 conducted by Business Solutions in 2003, Lead Auditor for OHSAS 18001:1999 conducted by DNV in 2004, Lead Auditor for ISO 14001:2004 conducted by DNV in 2007 and Lead Auditor for ISO 27001 :2006 Conducted by DNV in 2007. In his stint while working in Wind Sector, he has managed 150+ MW of large IPP Projects, daily follow up with project, marketing, wind resource teams for project progress, interacts with customer on regular basis. He is an expert in transmission and grid integration issues.

5.5 RANJIT CHANDRA

Ranjit is a management graduate with 7 years experience in credit appraisal project financing. He is

adept in all aspects of project finance having experience in financing of more than 20 projects. He

worked as Project Engineer Ranjit for industrial projects. Ranjit holds B.Tech in Mechanical engineering

from NIT Nagpur. He is proficient in cash flow based financing techniques, project evaluation and risk

analysis.

EVI - Solar Profile-June 2013

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