Solar PV System Business Investment Opportunities

Solar rooftop systems procurement and installation business located in Bangalore and has been operating for approximately 1.8 years. - Has successfully served over 150 clients, including residential, commercial, and industrial customers, with a significant focus on residential projects, constituting 70% of their portfolio. - The business operates on a project-based model, averaging around 10 projects per month, with an average duration of 6 days and project values ranging from INR 4 lakhs to 15 lakhs. - The recent high growth trajectory from last year to this year is due to a significant increase in clientele. - The solar systems are procured through distributors.

An increase in the levelized cost of energy (LCoE) due to the depletion in solar tariffs worldwide has created some sense of fear in the minds of solar power developers. To make it commercially competitive, the only way forward is to maximize yields and improve their IRR. The only way forward for higher yield is to use solar PV tracking technology to harness the sun to its full potential. The existing tracking systems are single-axis tracker (SAT) and dual-axis tracker (DAT), unfortunately, both are not too effective. The SAT has shortcomings in design and the DAT is too expensive to be economically viable. Critically analyzing the market demand, we have innovated a new & enhanced solar tracking technology that disrupts the existing single-axis tracker. It overcomes the inherent design disadvantage of the single axis, thereby offering a near dual-axis tracker performance, at the cost equivalent to a single-axis tracker. Key features of our innovation are: - Rotates solar modules in two different directions, unlike the SAT. - The angle of incidence of the sun's irradiation on the module is always close to perpendicular at all times and in all seasons of the year, whereas the angle of incidence in a single-axis tracker is effective only during the summers. - The performance recorded is 2x to 3x over SAT at any location on the globe. This results in a tremendous improvement in the project IRR. - The 2-Axis Tracker has an ideal design advantage for bifacial solar modules. - 2-Axis Tracker is so versatile, that the same can be converted to a horizontal & tilted single-axis tracker by deactivating N-S movement. - Innovation is the next-generation technology, which replaces and overcomes existing SAT technology. - The design is jointly developed with IIT-Delhi and incubated in their premise. According to Fortune Business Insights, the global solar tracker market size was USD 9.30 billion last year and is projected to reach USD 22.33 billion in the next 6 years, growing at a CAGR of 20.78%. - Between the next three years, global annual solar installations will average 135 gigawatts. - Meanwhile, the global tracker market will see a 45 percent increase in installations for the next 2 years. - The promoter of the company has 8 years of rich experience in the solar industry with various verticals in the same domain. - Granted patents for India, USA & Canada. Pending for 30+ countries in EU & UK. - Executed 6 MW in a 2-axis tracker and prospect base of over 150 MW. - We hire on a need basis.

Patented, revolutionary technology. An international team is ready to spread the market around the world. Only the manufacturing capacity is the limit of the market.

We are a solar EPC company providing engineering, consultancy, procurement, construction services across Maharashtra. - Our company is also recognized by the Government of India as a startup company. - To date, we have done 50+ projects and on average a project takes 3 to 4 months to be completed. Completed projects with a capacity of more than 500 KWP. - Procure the parts from 15+ vendors in Maharashtra. - We manufacture the MC4 connectors used in the installation of solar panels in our facility and have a production capacity of manufacturing 50,000 pieces per month. - Engaged in also maintaining and servicing the projects after installation and have reputed clients. - Majority of our revenue comes from the installation of projects. - We have built a 250 KW solar power plant on the BOT / OPEX Model which gives us a fixed income for the next 15 years. - We also have a research and development wing which is known as the center of excellence in renewable energy. In this we does various researches related to solar energy and published in the form of patents, copyrights, etc. - In this center of excellence we have different projects on which research is carried out.

Different types of Solar PV Trackers suit every season and geographical location. 1. 2-Axis Solar Tracker (AT 2X): - A. It has two simultaneous movements i. e East to West and North to South. Maintaining the angle of incidence close to a right angle. B. It overcomes the design shortcomings of available conventional horizontal single-axis trackers by addressing all seasons of the year. C. Can be installed at ANY geographical location across the Globe for consistent performance. D. Higher Yield compared to any type of single-axis tracking system. 2. Tilted Single Axis Tracker (AT 1XT): - A. Only one movement from East to West. B. Panels are mounted at an angle towards the South, depending upon the location. C. Installation away from the equator will give better results compared to conventional HSAT. D. Require land equivalent to any conventional SAT. 3. Horizontal Single Axis Tracker (AT 1XH): - A. Only one movement from East to West. B. Panels are mounted horizontally to the ground. C. Installation only along the line of the Equator will give better performance. As we move away from the equator, its performance will deteriorate gradually. D. By virtue of its design, the pitch between the trackers is NOT required except for pathways. Thus, saving land requirement by > 25%. - We are pleased to share that our design and technology have been granted a patent for 42 countries, including INDIA, USA, Canada, EU & UK. - Executed over 15 MW in a 2-axis tracker and a prospective base of over 75 MW for this year. - We hire EPC companies to do the installation work. - We are registered as a private limited entity and have a GST registration.

We are a solar power project installer and operator that works on an OPEX and CAPEX model. - In CAPEX model the investment comes from the client and the assets are handed over to them. - In an OPEX model we find investment and setup the project and sell the electricity to the client according to power purchase agreement (PPA). - The average length of our PPAs are for approximately 25 years. - We used to be sub vendors for another company but are focusing on being direct vendors for the client now. - Have completed numerous projects with corporate clients for over 5MW. Have a 1.5 MW project in hand and are looking for funding for the same. - Currently, our projects are on hold due to the pandemic. - Promoter has been working in the field of solar EPC since 2015. - The firm owns an office of 300 Sq Ft.

Company engaged in structure design and supply of solar roof structure. - Have tie ups with 150 clients and have executed approx. 500 projects across India. - Promoter has 6 years of experience in solar industry.

We are EPC contractors and install solar power plants, solar panels for Govt. and private clients. - We have completed 20 solar projects so far. - Have tie ups with 18 clients and worked with names like DLF and India Bulls. - Promoter has 8 years of industry experience.