Why solar electricity?
Clean, abundant, renewable energy
Solar energy is the cleanest, most abundant, renewable energy source available. Our India has some of the richest solar resources shining across the nation. Today’s technology allows us to capture this power in several ways giving the public and commercial entities flexible ways to employ both the heat and light of the sun.
The photovoltaic (PV) effect was observed as early as 1890 by Henri Becquerel, and was the subject of scientific inquiry through the early twentieth century. In 1954, Bell Labs in the U.S. introduced the first solar PV device that produced a useable amount of electricity, and by 1958, solar cells were being used in a variety of small-scale scientific and commercial applications.
The energy crisis of the 1970s saw the beginning of major interest in using solar cells to produce electricity in homes and businesses, but prohibitive prices (nearly 30 times higher than the current price) made large-scale applications impractical.
Industry developments and research in the following years made PV devices more feasible and a cycle of increasing production and decreasing costs began which continues even today.
The cost of PV has dropped dramatically as the industry has scaled up manufacturing and incrementally improved the technology with new materials. Installation costs have come down too with more experienced and trained installers. However, theIndia still remains behind other nations that have stronger national policies to shift energy use from fossil fuels to solar. Globally, the India is the 8th largest market for PV installations behind world leaders Germany,US, Japan and Spain.
Most modern solar cells are made from either crystalline silicon or thin-film semiconductor material. Silicon cells are more efficient at converting sunlight to electricity, but generally have higher manufacturing costs. Thin-film materials typically have lower efficiencies, but are simpler and less costly to manufacture.
The greatest challenge of theIndia’s solar market faces is scaling up production and distribution of solar energy technology to drive the price down to be on par with traditional fossil fuel sources.
PROJECT DEVELOPMENT AND EXECUTION
From an idea to a ready to build project
We carefully analyze the suitability of the location of the future solar power plant, carrying out the corresponding feasibility studies of the site and the grid connection point. Once the best site location is decided, VRCEnergies also deals with the purchase or lease agreements of the land. All contracts are structured, created and completed considering the future requirements of consumer looking at predictable asset performance over 20 to 25 years.
Alongside site preparation, we start working on the implementation of the plant. This includes technical and project planning, mechanical and electrical designs, engineering and plant layout, amongst others.
Together with our engineering partners, VRC Energies takes responsibility for obtaining all the permits, licenses and authorisations required to develop and operate a solar project on behalf of the SPC (Special Purpose Company = Project Company).
We stick to our contractual obligations, delivering high quality innovative solutions with real added value. VRC Energies sticks to set time frames and according to the latest technological standards.
Our services in MW project development:
- Feasibility studies and full site analysis
- Co-development with local business partners or acquisition of third parties’ project rights after successful due diligence processes
- Contract and approval management
- Purchase or lease of land agreements
- Setting up of SPCs (project companies)
- Structuring (tax, legal and financial) of SPCs
- Obtaining all necessary permits, licenses and authorisations
- Securing grid capacity
- Financial modelling and calculation of profitability
- Risk assessment
- Securing FiT
- PPA negotiation and closing