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Final Report23

Final Report23

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Published by Daksh Mahajan

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Published by: Daksh Mahajan on Aug 17, 2011
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06/23/2014

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MSC
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Renewable Energy Financing: Modes And MeasuresDaksh MahajanMBA (FINANCE) CandidateFIRST INDIA SCHOOL OF BUSINESS
 
MSC
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PREFACE
As a renewable energy source, solar energy presents an exciting opportunity for India. While the currentcontribution of solar energy to the total India's energy needs is insignificant, in the medium and longrun, it is expected that solar energy, especially solar PV will form a vital component of the country'senergy mix.The most important barrier that had stopped Solar PV from becoming a mainstream renewable energyresource is the high cost of producing power from the resource. This high cost is in turn a direct result of the high capital costs of the solar PV panels and the balance of system required.The good news is that the capital costs for solar PV panels are expected to decrease significantly overthe next 5-10 years. In addition, solar PV technology is continuously improving in terms of its efficiency.As a result of this combination of capital cost reduction and efficiency increase, by 2015, solar PV isexpected to reach grid parity in some parts of the world and by 2020, in most parts of the world.For India, the National Solar Mission and its incentives provide an additional reason for entrepreneursand investors to explore this industry. The convergence of decrease in capital costs, increase inefficiency and significant financial support by the government is likely to result in a wide range of attractive business opportunities along the entire solar energy value chain in India.While solar power production is the final benefit derived from solar PV, an entire ecosystem entireecosystem is evolving around this end “product”, and this ecosystem will result in a range of opportunities for a number of opportunities for a number of industries, businesses and entrepreneurs. Thisreport in particular focuses on Solar energy sector both at the domestic and global level. It also highlightsthe financing modes and measures in that particular sector.
 
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ACKNOWLEDGEMENT
I think if any of us honestly reflects on who we are, how we got here, what we think we might do well,and so forth, we discover a debt to others that spans written history. The work of some unknown personmakes our lives easier every day. I believe it's appropriate to acknowledge all of these unknown persons;but it is also necessary to acknowledge those people, we know have directly shaped our lives and ourwork.I express my gratitude to the
Madison Street Capital India Pvt. Ltd
.
(MSC) and Mr. Jaydip Sinha(M.D)
for giving me an opportunity to work with them and make the best out of my internship.I specially thank my guide Mr.
Pankaj Yadav (Associate)
for constantly guiding and supporting methroughout the training period. He really helped me whenever I had faced difficulties during this tenure of 2 months. I would like to thank you one more time for being so patient with me and helping me in everyaspect , be it regarding the report or it’s related to complexities of financial modeling.
 
.I think you areprobably; one of the best mentors in my lifeMy heartfelt gratitude also goes out to the staff .I take this opportunity to thank my parents and friends who have been with me and offered emotionalstrength and moral support.

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