FEEDBACK ON ASSIGNMENT SUBMITTED BY ARAVIND BODDULA-

217238241 ON SOLAR TRACKING SYSTEM

SELECTION OF TOPIC
My topic of selection for investing my time, money and wealth is on solar
tracking system. I have selected this particular concept because the world is
moving closer to renewable energy resources. As a student of Electrical and
Renewable energy engineering I have got few ideas and improvements to this
project which really helps us both and turns us towards success. As the name
itself suggests solar tracking system, many innovations have been made on
solar.

FEASABILITY AND BACKGROUND IDEA

In the previous quite a long while, following innovation has made some radical
enhancements. Hardware and O&M costs have descended and measures are
higher. Also, now that there are significantly more undertakings in the field
that utilization tracker innovation, it has turned into a considerably more
bankable part of a sun powered venture, and engineers are more open to
utilizing it.
The obtaining was confounding at the time on the grounds that thin-film
extends commonly wouldn't utilize tracker innovation. Because of its lower
proficiency, thin-film needs more land zone to achieve a specific limit target,
and when you add trackers to the blend, you begin to eat up considerably
more land. Be that as it may, looking back, Shaio considers, First Solar made a
shrewd move that fits well in its undertaking portfolio.
"[First Solar] normally [develops projects] in wide regions where space
limitation isn't a worry, so by and large it was a really decent move by them".
"They have begun to reveal the tracker innovation decently forcefully."
The procurement additionally affected the general tracker showcase. At the
point when RayTracker was obtained, there was a generally modest number of
organizations in the field, so not very many choices were left for outsider
designers. "It was awesome for organizations like Array Technologies since
they had less rivalry, yet not all that good in the event that you were a designer
attempting to differentiate for your sellers or improve valuing through rivalry".

As of late a couple of European organizations – DEGERenergie and Mecasolar –

have endeavoured to enter the North American tracker market and exploit the
low rivalry and developing interest.

TEAM REQUIRED
According to the presentation, the team required for this innovative pitch is
well executed. This team will boost us forward and also it improves our
drawbacks and compete with the current market. In this team, we have three
core engineers to build up the product. The accountants manager will look on
the accounts and the other one goes through market research and financial
matters.

MARKET RESEARCH
Worldwide Solar Tracker Market industry esteemed roughly USD 7.25 billion of
every 2016 is foreseen to develop with a solid development rate of over
18.21% over the figure time frame 2017-2025. Main considerations filling the
development are developing consciousness of sustainable power sources,
diminishing costs of sunlight based vitality, raising keen urban communities
ventures, and persistent advancements being made in sun powered trackers.

FINANCIAL FORECASTING
One of the fundamental purposes behind an independent venture
disappointment is absence of arranging of money. A decent estimating
instrument builds business achievement shot and limits the disappointment
chance. Entrepreneurs must understand the significance of this instrument to
prepare to make their business fruitful. A successful entrepreneur depends on
to build up a business technique. In these conditions, a business plan must
alter its methodology always. One way to tackle this opposition is that
directors must foresee what will happen in future.
Planning is a basic piece of a money related gauge; it is an instrument to
appraise future pay and cost by using and controlling couple of factors. Diverse
techniques can be utilized to decide future pay and cost. Anticipating what's to
come isn't simple, which is the reason entrepreneurs once in a while look for
proficient help to get ready ace forma money related explanations. These
arrangements of explanations are the money related plans for entrepreneurs.
The financial planning presented in your report is good but, we need to
understand many other substitute factors and we need to work together to
improve. It is better to take advice from professional and experienced business
planners. The cash flows are not that easy to calculate there is always some
external factors like damage waiver, insurance for employees, tax, etc. Overall,
we need to get a good business plan to start this innovative pitch.

CHANNEL OF DISTRIBUTION
Distribution channel analysis plays very important role in reaching the product
to the customers. Solar cells manufacturers distribute the product in
percentages to agents, partners, superstores, direct sales, EPC sales, company
owned and independent accredited installers. This distribution channel
presented in the report is unique and very genuine and also it has very low risk
factors. In start of the business we can invest on this way channel distribution.

GRANTS AND OTHER SUPPORTS

Financial analysis is a critical apparatus in the event that you are applying for a
business loan. It additionally assumes a fundamental part if your business is
patterned, so you can conquer money deficits and plan ahead likewise to pay
your sellers, rents, finance and different costs of doing business.
In the event that you are intending to present another item, it enables you to
build a model of how your business may perform fiscally if certain procedures,
occasions and plans are completed.

TERMS AND CONDITIONS

In order to invest in this product you need to accept some terms and
conditions:
 The innovative idea is very well organised and it should be implemented
with same pitch.
 Financial forecast analysis should be done from professional business
planners.
 Distribution channel should be implemented in the same way.
 50% of the capital will be invested from me and also loan should be
applied.
  As mentioned in the presentation exit strategy should followed and sell
the product rights to me.

FINAL EVALUATION
Overall, the innovation is up to the mark and I rate this as 7 on 10 scale. I agree
with your concept and product’s financial analysis and strategies. My part of
investment is only a part of the total investment.

FEEDBACK ON MANAGING AND DEVELOPING

INNOVATION
This subject not only allow us to study but this subject helped me to
engage in real time projects. While preparing for the assignments I have
read many articles and research papers which created a zeal to achieve
something. The way the continuous evaluation criteria is organised and
also every assignment is interlinked. This subject helped me to bring out
an business man from me. The analysis we have made on our product is
very good experience and we look forward for more interesting subjects
like this.