Home » Profiles » Solar Power Plant - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue

Solar Power Plant - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue

Direct conversion of daylight into electricity by photovoltaic or solar-thermal conversion system is the most promising renewable energy options that have emerged in the recent years. The earth receiver about 75,000 trillion KW of energy from the sun every day. Just 0.1 percent of this is sufficient to meet the energy requirements of the world. Putting this in a different way, at noon, the solar energy striking an area of 70 miles long by 70 mile wide, if converted into photovoltaic electricity, would equal to the peak capacity of all existing power plant in the world. With the ever growing demand for electric power and continuously depleting fossil fuels such as coal, oil and gas various alternative sources of energy have been resorted to by advanced nations. While wind, geothermal and water power are safe to use, they can not be tapped at all times in all places. Ocean and tidal power generation are yet to take off as viable alternatives. Tapping nuclear power poses problems of waste disposal and safety aspects. Most of the processes involve a lot of capital as well as recurring expenditure. Solar power has an edge over all the other non-conventional forms of energy sources as it is non-polluting. The solar energy is abundant and is available at all parts of the world through out the year. Although no alternative energy sources can compete with plentiful, low cost fossil fuel, the days when we can rely on the availability of such fuels are limited. There seems to be no reasons why the solar thermal electricity option should not be pursued aggressively, and if it is, this option can begin to impact our energy requirement in the coming years. Using sunlight to create electrical and thermal energy remains the most promising source of clean renewable energy, and projections as to how quickly solar power takes off could be grossly understated. The challenge however lies in just how much energy solar power would have to displace if it were to become the dominant source of energy in the world. In 2006, according to the International Energy Agency, 80.3% of the world's energy came from fossil fuel: Oil (34.3%), coal (25.1%) and gas (20.9%). Fully 90.9% of the world's energy came from combustion, because alongside these fossil fuels in 4th place are "combustible renewables," mostly wood (10.6%). Include nuclear power (6.5%) and hydroelectric power (2.2%), and you have accounted for 99.5% of the world's energy. So where does solar fit into this equation? Most of this last half-percent of one percent of the world's energy, .41%, is provided from geothermal sources. The energy we love so much, wind and solar, currently only provide .064% and .039% of the world's power requirements. Put another way, for solar energy achieve its potential and replace all other sources of energy in the world, this .039% would have to increase 2,500 times. Moreover, since nations such as India and China have only begun to industrialize, and since the industrialized nations only comprise approximately 20% of the world's population yet consume over 50% of the world's energy production, it is unlikely that global energy production will not have to increase. It is these sobering realities that should inform any reading of the potential of solar power. Using sunlight to create electrical and thermal energy remains the most promising source of clean renewable energy, and projections as to how quickly solar power takes off could be grossly understated. The challenge however lies in just how much energy solar power would have to displace if it were to become the dominant source of energy in the world. In 2006, according to the International Energy Agency, 80.3% of the world's energy came from fossil fuel: Oil (34.3%), coal (25.1%) and gas (20.9%). Fully 90.9% of the world's energy came from combustion, because alongside these fossil fuels in 4th place are "combustible renewables," mostly wood (10.6%). Include nuclear power (6.5%) and hydro-electric power (2.2%), and you have accounted for 99.5% of the world's energy! So where does solar fit into this equation? Most of this last half-percent of one percent of the world's energy, .41%, is provided from geothermal sources. The energy we love so much, wind and solar, currently only provide .064% and .039% of the world's power requirements. Put another way, for solar energy achieve its potential and replace all other sources of energy in the world, this .039% would have to increase 2,500 times. Moreover, since nations such as India and China have only begun to industrialize, and since the industrialized nations only comprise approximately 20% of the world's population yet consume over 50% of the world's energy production, it is unlikely that global energy production will not have to increase. It is these sobering realities that should inform any reading of the potential of solar power. India's power sector has a total installed capacity of approximately 102,000 MW of which 60% is coal-based, 25% hydro, and the balance gas and nuclear-based. Power shortages are estimated at about 11% of total energy and 15% of peak capacity requirements and are likely to increase in the coming years. In the next 10 years, another 10,000 MW of capacity is required. The bulk of capacity additions involve coal thermal stations supplemented by hydroelectric plant development. Coal-based power involve environmental concerns relating to emissions of suspended particulate matter (SPM), sulfur dioxide (SO2), nitrous oxide, carbon dioxide, methane and other gases. On the other hand, large hydro plants can lead to soil degradation and erosion, loss of forests, wildlife habitat and species diversity and most importantly, the displacement of people. To promote environmentally sound energy investments as well as help mitigate the acute shortfall in power supply, the Government of India is promoting the accelerated development of the country's renewable energy resources and has made it a priority thrust area under India's National Environmental Action Plan (NEAP). The Indian government estimates that a potential of 50,000 MW of power capacity can be harnessed from new and renewable energy sources but due to relatively high development cost experienced in the past these were not tapped as aggressively as conventional sources. Nevertheless, development of alternate energy has been part of India's strategy for expanding energy supply and meeting decentralized energy needs of the rural sector. The program, considered one of the largest among developing countries, is administered through India's Ministry of Non-Conventional Energy Sources (MNES), energy development agencies in the various States, and the Indian Renewable Energy Development Agency Limited (IREDA). Throughout the 1990's, India's private sector interest in renewable energy increased due to several factors: (i) India opened the power sector to private sector participation in 1991; (ii) tax incentives are now offered to developers of renewable energy systems; (iii) there has been a heightened awareness of the environmental benefits of renewable energy relative to conventional forms and of the short-gestation period for developing alternate energy schemes. Recognizing the opportunities afforded by private sector participation, the Indian Government revised its priorities in July 1993 by giving greater emphasis on promoting renewable energy technologies for power generation. To date, over 1,500 MW of windfarm capacity has been commissioned and about 1,423 MW capacity of small hydro installed. India is located in the equatorial sun belt of the earth, thereby receiving abundant radiant energy from the sun. The India Meteorological Department maintains a nationwide network of radiation stations, which measure solar radiation, and also the daily duration of sunshine. In most parts of India, clear sunny weather is experienced 250 to 300 days a year. The annual global radiation varies from 1600 to 2200 kWh/sq. m. which is comparable with radiation received in the tropical and sub-tropical regions. The equivalent energy potential is about 6,000 million GWh of energy per year. The highest annual global radiation is received in Rajasthan and northern Gujarat. In Rajasthan, large areas of land are barren and sparsely populated, making these areas suitable as locations for large central power stations based on solar energy. The main objectives of the project are these: (i) To demonstrate the operational viability of parabolic trough solar thermal power generation in India; (ii) support solar power technology development to help lead to a reduction in production cost; and (iii) help reduce greenhouse gas (GHG) global emissions in the longer term. Specifically, operational viability will be demonstrated through operation of a solar thermal plant with commercial power sales and delivery arrangements with the grid. Technology development would be supported through technical assistance and training. The project would be pursued under The World Bank's Global Environment Fund (GEF) -- which has a leading program objective focused on climate change. This project is envisaged as the first step of a long term program for promoting solar thermal power in India that would lead to a phased deployment of similar systems in the country and possibly in other developing nations. India supports development of both solar thermal and solar photovoltaics (PV) power generation. To demonstrate and commercialize solar thermal technology in India, MNES is promoting megawatt scale projects such as the proposed 35MW solar thermal plant in Rajasthan and is encouraging private sector projects by providing financial assistance from the Ministry. One of the prime objectives of the demonstration project is to ensure capacity build-up through 'hands on' experience in the design, operation and management of such projects under actual field conditions. Involvement in the project of various players in the energy sector, such as local industries, the private construction and operations contractors, Rajasthan State Power Corporation Limited (RSPCL), Rajasthan State Electricity Board (RSEB), Rajasthan Energy Development Agency (REDA), Central Electricity Authority (CEA), MNES and others, will help to increase the capacity and capability of local technical expertise and further sustain the development of solar power in India in the longer term.
Plant capacity: -Plant & machinery: -
Working capital: -T.C.I: -
Return: 1.00%Break even: N/A
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