Based on extensive work in this space, pManifold has developed a Financial Model for grid connected,Solar Photovoltaic (SPV) Power Plant to help investors and interested businesses understand the financials risks and returns of this opportunity.
The contents of the pManifold Solar Grid-Connected power project’s Financial Model inputs, outputs and intermediate results and analysis is given below,
| Inputs |
Outputs |
- Solar insolation (kWh/m2/day)
- Various component specs & efficiencies
- Units produced (kWh/ year)
- Generation derating factor (%)
- Tracker Efficiency (%)
- Tariff Discount (%)
- Carbon credits rate (Euro/CER)
- Project Cost
- Loan Interest rates (%)
- Moratorium period (years)
- Capital structuring (Equity ratio)
- Optimization levers to key project costs
- Accelerated Depreciation selection
- Tax incentives
- Tax and MAT rates (%)
- Others…
|
- Levelised cost of Energy (LCOE)
- Project IRR
- Project Payback
- Equity IRR
- Equity Payback
- Average DSCR
- Return on Equity (ROE)
- Return on Capital Employed (ROCE)
- Return on Investment (ROI)
- Gains from Tax savings due to depreciation
- Net Estimated Expenses and Revenues in 25 years
- Net Gain over Project Life Cycle
- Cash Flows for project life cycle
|
| Modelling Analysis |
Bid Related Results |
- Project Costs details
- Electricity Generation estimates
- Depreciation including Accelerated Depreciation
- Loan Interest
- Working Capital (for pre-operative phase)
- Projected Balance Sheet
- Profit & Loss statement
- Income Tax (both under Companies Act and Income Tax Act)
- Minimum Alternative Tax (MAT)
- Cash Flows
- Debt Service Charge Ratio (DSCR)
- Internal Rate of Return (IRR)
- Breakeven point
- Payback Ratios
- Summary – Various ratios
- FORM-II to FORM-VI – Various standard forms required for bankable Detailed
- Project Report
- Carbon Credit modeling
|
- Scenario Analysis to arrive at optimum bid tariff rate
- Bank Guarantee Requirements
|
