Dear Ranjit,
Can you send your cost calculation excel sheet across for all our members.
Regards,
Prof. Ajay Chandak.
www.princeindia.org
--------Original Message -------
Hi everyone,
A correction in my earlier email, when I said "I am sure of all the
assumptions", I meant "I am not sure of all their assumptions".
Rangan, I am not sure about the Rs 9-10/kWh cost of generation. The
plant load factor that they are assuming is 28%. So annual generation
would be ~736 kWh. The plant life they are assuming is 25 years. So
just merely annualizing their Rs 45,000 cost over 25 years and
dividing by the total electricity generated will give a cost of
generation of Rs 2.5/kWh. Of course, this neglects a whole lot of
things like O&M costs, discount rates, debt equity etc. So perhaps,
Rangan, I misinterpreted how you calculated your cost of generation.
Anyway, I did a background check on their numbers. I assumed a PLF of
28%, depreciation rates, discount rate (16%), O&M costs for PV (Rs 9
lakhs/MW) according to CERC norms.
For 100% equity, the average cost of generation comes to Rs 3.10/kWh
and levelized cost of generation (uses the above discount rate) to Rs
4.10/kWh. For a 30% equity, avg cost of generation is Rs 4.30/kWh and
levelized cost of generation is Rs 6.70/kWh.
These numbers do not take into account any return on equity, which
will basically increase the price to almost Rs 15/kWh in case of 100%
equity and Rs 10/kWh for 30% equity.
So my guess is they are quoting the average cost of generation. But
even with a 30% equity and including the generous RoE accorded by
CERC, the levelized tariff is Rs 10/kWh, which is very competitive.
Manu, Mr. Kelkar did not mention how many kWh the unit will generate
in India. He assumed a PLF of 28%, which leads to 736 kWh/y for the
300 Wp units. That's about 6 kWhs a day. Most decent Indian sites have
4.5 to 5.5 DNI. So I would imagine the output to be less in India.
Rooftops in cities will have much more diffuse component, so the
output will drop further. Also, I am not sure about whether the Rs
45,000 is cost of mfg, or retail.
Cheers,
Ranjit
On Nov 20, 8:59 pm, "Rangan Banerjee" <
ran...@iitb.ac.in> wrote:
> Interesting data. Though Rs 3-4.5/ kWh does not seem correct
> If we annualise the capital cost Rs 45000 and divide by the annual output
> (300 W p 2000 hrs/ yrapprox 600 kWh)we get about Rs 9-10/kWh itself.
> Still this is worth exploring
> Rangan
>
> > --------Original Message -------
> > Hello everyone,
>
> > I happened to attend Square Engineering's presentation in Pune.
>
> > Mr. Kelkar, the CEO of Square gave the presentation. There was no
> > product demonstration (expectedly).
>
> > The Suncube is a 300Wp CPV unit. It has nine units in one module, each
> > with a 1 cm2 triple junction PV cell. The concentration is 1000x. The
> > fresnel lens used is ~33cmX33cm. Efficiency is approximately 37%.
> > What I thought interesting was that the tracking mechanism is a very
> > small parasitic load. Tracking is done by sensing the voltage of the
> > actual triple junction cell, basically homing down on the position
> > that gives the highest voltage. It also memorizes the positions along
> > with the time of day, so it can reference that for the next day, in
> > case there are intermittent clouds. It rests face down during the
> > night. The next morning it computes the starting point based on the
> > setting position on the previous day.
>
> > Cost is Rs 45,000 per unit, which roughly results in USD 3.3/Wp, which
> > is quite low given that PV is between USD 2-4/Wp today. And of course,
> > the cost of generation is more important, and CPV being more efficient
> > than normal PV will generate more. According to Square, the cost of
> > generation is between Rs 3-4.5/kWh for a 25 year plant. That is really
> > low, and is at grid parity. I am sure of all the assumptions in their
> > calculations, but even if it is double that, it is still way
> > attractive compared to normal PV. This cost of generation most likely
> > does not include the IRR etc for the developer. So it might be Rs 6-7/
> > kWh, still more attractive to the Rs12-15/kWh for normal PV.
>
> > Here are the specs of Suncube:
> >
http://www.squareengg.com/Images/SUNCUBE%20SPECIFICATIONS.pdf
>
> > Square also talked about their "Big Dish", a concentrating parabolic
> > dish.
>
> > Cheers,
> > Ranjit
>
> > On Nov 19, 11:52 am, Manu Sharma <
orangeh...@gmail.com> wrote:
> >> If anyone in Pune got to attend this, please share your notes!
>
> >> Thanks,
> >> Manu
>
> >> On Wed, Nov 18, 2009 at 11:27 AM, Manu Sharma <
orangeh...@gmail.com>
> >> wrote:
> >> > Members based in and around Pune might want to attend this talk by Mr.
> >> > Deepak Kelkar of Square Engineering, Indian licensee of SunCube, a
> >> > pioneering Concentrated Photovoltaic product.
>
> >> > The talk is being organised by Indian Institute of Production
> >> Engineers
> >> > (IIPE), Pune
>
> >> > What : Renewable Energy sources ? Specially Solar.
> >> > Speaker : Mr. Deepak Kelkar
> >> > Venue: COEP Pune Production Engineering department.
> >> > Date: Wednesday, 18th Noember 2009.
> >> > Time: 18=30 hrs. to 20=00 hrs.
> >> > Charges: Free for all. No registration required.
>
> >> > Mr. Deepak Kelkar is mechanical engineer. He has huge experience in
> >> sugar
> >> > industry to install and commission different equipments. He has
> >> started
> >> > Squre Engineering Pvt. Ltd. in 1986, as EPC company and they are
> >> specialized
> >> > in Renewable Solar energy. They have collaboration with many renouned
> >> names
> >> > in the field. They are working in renewable energy sources since 1992.
> >> Mr.
> >> > will be sharing his experieces in this field. Suare Engineering has
> >> > developed SUNCUBE ? innovative system. The system genrates DC power by
> >> using
> >> > ?Tripple Junction PV cells under concentration of 1000X of Sun light.
>
> >> > Source:
> >> >
http://punetech.com/renewable-energy-sources-solar-energy-iipe-meet-1...
>
> >> > Thanks,
> >> > Manu