Setup a Lucrative Business of Solar Panel. Renewable Energy is the Fastest-Growing Industry in the World.


 

A solar panel is made up of a number of solar cells. A vast number of little solar cells spread out over a vast area can combine to provide enough electricity to be useful. The more light a cell receives, the more electricity it generates. As a result, spacecraft are typically designed with solar panels that can always be pointed at the Sun as the rest of the spaceship moves around, similar to how a tank turret can be targeted regardless of where the tank is heading. PV panels, commonly known as solar panels, absorb and convert the sun's energy into electricity. PV panels generate electricity that is mostly utilized to power household appliances and equipment. The most common PV panel system is the grid-connected system, which is connected to the national grid as its name implies.

 

Related Project:- Solar Panel- 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, Plant Economics

 

This means it can draw electricity from the grid at night when the solar panels aren't working. PV panels come in a variety of shapes and sizes, and they may easily be installed on top of an existing roof. Solar roof tiles are an alternative to solar panels that take up less rooftop space but are more expensive. A photovoltaic system's solar panel, also known as a solar module, is one of its components. They are made up of a panel made up of a succession of solar cells. They come in a variety of rectangular designs and are used to generate power in groups. Solar panels, also known as photovoltaic panels, absorb energy from the Sun in the form of sunlight and convert it to electricity that can be used to power homes or businesses. These panels can be used to complement a building's electrical supply or to deliver power to remote areas.

 

Uses of Solar Panel:

 

Solar panels are a cost-effective technique to generate electricity for a variety of uses. Off-grid living is the most apparent choice. Living off-grid entails residing in a location that is not connected to the main power grid. Solar power systems are ideal for remote homes and cabins. It is no longer required to pay exorbitant rates to have electric utility poles and cabling installed from the nearest main grid access point. A solar electric system is theoretically less expensive and, if properly maintained, can produce power for up to three decades.

 

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 A part from the fact that solar panels allow people to live off the grid, probably the most significant advantage of solar power is that it is a clean and renewable source of energy. With the onset of global climate change, it is more necessary than ever to do everything we can to lessen the strain on our atmosphere caused by greenhouse gas emissions. To help support the panel structure, solar panels also include metal frames that include racking components, brackets, reflector shapes, and troughs. Concentrators, which focus light through lenses or mirrors onto smaller cells, are one type of special solar PV module. This enables the cost-effective usage of cells with a high cost per unit area (such as gallium arsenide).

 

Manufacturing Process:

 

1.   Cell Cutting: Cells are carved out using a laser cutting machine. The size of a cell is governed by the wattage that the panels require. This step is avoided for modules with a full cell size.

2.   Stringing Procedure: The stringing process is totally automated. The upper (Blue/Black) Sun-facing side is negative, whereas the lower (White) side is positive.

3.   Solar Glass: After the cells are strung together, the machine transfers them to tempered glass with an ethylene vinyl acetate (EVA) encapsulation layer.

4.   Visual Inspection: A technician examines the cells for any faults or errors in the strings.

5.   Taping: A technician tapes the cells into a matrix alignment during taping.

6.   Soldering: After that, the connections are soldered together. Any extra material is removed.

7.   Insulate Module Connections: The next step is to use a back sheet and EVA encapsulation to insulate the connections. This procedure safeguards the module against dust and moisture.

8.   Mirror Inspection: The module is visually inspected once more for dust particles, color mismatches, and other issues.

9.   EI Testing: EI Testing, also known as Electroluminescence Testing, is the actual testing of the module. It's a kind of scanning technique in which the module is scanned in an EI machine.


Related Videos: Renewable Energy Sector, Green Power, Solar Energy, Biofuel, Hydroelectric, Wind, Non-conventional Energy, New and Renewable Energy


10.               Lamination: The module is laminated at a temperature of 140 degrees Celsius. This procedure takes about 20 minutes. After lamination, the modules are allowed to cool for 10-15 minutes until they reach room temperature.

11.               Trimming the Back Sheet: To manufacture correctly shaped modules, this step entails cutting off the surplus material from the back sheet.

12.               Frame Cutting: Frames of various widths are carved out for bordering the panels in this stage.

13.               Punching Holes in the Frames: Holes are punched in the frames for mounting and grounding the panels.

14.               Filling/Framing with Sealant: A sealant protects the panels from air, dust, and moisture while also assisting the module's secure attachment to the frame. After the frame has been mounted to the module, it is sent back to the framing machine to be punched to ensure that it is permanently attached to the frame.

15.               Attaching the Junction Box: A junction box is fastened to the module using sealant to keep it firmly in place. The connections are then soldered and let to cure for 10-12 hours, ensuring that the structures are completely dry and correctly bonded.

16.               Wipe Outside the Module: The module is wiped outside to remove any dust, foreign particles, or excess sealant.

17.               Module Testing: The module is attached in order to examine the output current, voltage, and power, among other things. For each module's output data, a report is generated. For the benefit of the users, a black label (with full details) is pasted behind the module.

18.               Packing: This is the last phase in the module production process, after Final Quality Assurance (FQA), when the modules are safely packed into huge boxes for shipping and storage.

 

Market Outlook:

 

The global market for solar PV panels was estimated at USD 115.2 billion in 2019, with a compound annual growth rate (CAGR) of 4.3 percent expected from 2020 to 2027. Increased environmental degradation and government incentives and tax refunds to install solar panels are driving the growth of the solar energy business. Furthermore, the reduced water footprint of solar energy systems has boosted their demand in the power generation sector. The market for solar cells has grown significantly as a result of an increase in rooftop installations, followed by an increase in architectural applications.

 

Profile- Project Reports & Profiles

 

The solar panel market will be driven by rising electricity prices combined with lower-cost solar panels. Rising demand for solar panels in the residential rooftop solar industry, as well as cheap prices for polysilicon and silver used in solar cell manufacture, will help the market accelerate in the coming years. Furthermore, the falling cost of solar panels has prompted governments in a number of countries to take more initiatives and provide subsidies, which is projected to aid the growth of the residential solar panel market.

 

Renewable Energy Industry in India:

 

In the early 1980s, India became the first country in the world to establish a ministry of non-conventional energy resources (Ministry of New and Renewable Energy (MNRE)), and the Solar Energy Corporation of India, one of its public sector organizations, is responsible for the development of the solar energy industry in India. India is one of the countries that produces a significant amount of renewable energy. As of November 27, 2020, renewable energy sources account for 38% of India's installed electricity producing capacity (136 GW out of 373 GW). India's renewable energy business is the world's fourth most appealing renewable energy market.

 

Market Research: - Market Research Report

 

India came in fifth place in wind power, fifth place in solar power, and fourth place in renewable energy. This is the world's greatest renewable energy expansion strategy. Renewable power generation capacity has grown at a rapid pace in recent years, with a CAGR of 17.33% from FY16 to FY20. The sector has grown more appealing to investors as a result of increasing government assistance and improved economics. The country has set a lofty goal of achieving 175 GW of renewable energy capacity by the end of 2022, with the goal of increasing to 450 GW by 2030. Renewable energy will play an essential part as India attempts to fulfill its own energy demand, which is anticipated to reach 15,820 TWh by 2040.    

 

Key Players:

1.   A M P L Cleantech Pvt. Ltd.

2.   Aatash Power Pvt. Ltd.

3.   Brightsolar Renewable Energy Pvt. Ltd.

4.   Cial Infrastructures Ltd.

5.   Cleansolar Renewable Energy Pvt. Ltd.

6.   Dhursar Solar Power Pvt. Ltd.

7.   Divine Solren Pvt. Ltd.

8.   Ind Renewable Energy Ltd.

9.   Indira Power Pvt. Ltd.

 

For More Detail: https://www.entrepreneurindia.co/project-and-profile-listing?CatId=82&SubCatId=82&CatName=Renewable%20Energy


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ABOUT NPCS

 

NIIR PROJECT CONSULTANCY SERVICES (NPCS) is a reliable name in the industrial world for offering integrated technical consultancy services. NPCS is manned by engineers, planners, specialists, financial experts, economic analysts and design specialists with extensive experience in the related industries.

Our various services are: Detailed Project Report,  Business Plan for Manufacturing Plant, Start-up Ideas, Business Ideas for Entrepreneurs, Start up Business Opportunities, entrepreneurship projects, Successful Business Plan, Industry Trends, Market Research, Manufacturing Process, Machinery, Raw Materials, project report, Cost and Revenue, Pre-feasibility study for Profitable Manufacturing Business, Project Identification, Project Feasibility and Market Study, Identification of Profitable Industrial Project Opportunities, Business Opportunities, Investment Opportunities for Most Profitable Business in India, Manufacturing Business Ideas, Preparation of Project Profile, Pre-Investment and Pre-Feasibility Study, Market Research Study, Preparation of Techno-Economic Feasibility Report, Identification and Section of Plant, Process, Equipment, General Guidance, Startup Help, Technical and Commercial Counseling for setting up new industrial project and Most Profitable Small Scale Business.

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Our Detailed Project report aims at providing all the critical data required by any entrepreneur vying to venture into Project. While expanding a current business or while venturing into new business, entrepreneurs are often faced with the dilemma of zeroing in on a suitable product/line.

 


And before diversifying/venturing into any product, wish to study the following aspects of the identified product:


• Good Present/Future Demand
• Export-Import Market Potential
• Raw Material & Manpower Availability
• Project Costs and Payback Period


We at NPCS, through our reliable expertise in the project consultancy and market research field, Provides exhaustive information about the project, which satisfies all the above mentioned requirements and has high growth potential in the markets. And through our report we aim to help you make sound and informed business decision.

 

The report contains all the data which will help an entrepreneur find answers to questions like:

• Why I should invest in this project?
• What will drive the growth of the product?
• What are the costs involved?
• What will be the market potential?


The report first focuses on enhancing the basic knowledge of the entrepreneur about the main product, by elucidating details like product definition, its uses and applications, industry segmentation as well as an overall overview of the industry sector in India. The report then helps an entrepreneur identify the target customer group of its product. It further helps in making sound investment decision by listing and then elaborating on factors that will contribute to the growth of product consumption in India and also talks about the foreign trade of the product along with the list of top importing and top exporting countries. Report includes graphical representation and forecasts of key data discussed in the above mentioned segment. It further explicates the growth potential of the product.

The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


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• This report helps you to identify a profitable project for investing or diversifying into by throwing light to crucial areas like industry size, demand of the product and reasons for investing in the product.

• This report provides vital information on the product like its definition, characteristics and segmentation.

• This report helps you market and place the product correctly by identifying the target customer group of the product.

• This report helps you understand the viability of the project by disclosing details like raw materials required, manufacturing process, project costs and snapshot of other project financials.

• The report provides forecasts of key parameters which helps to anticipate the industry performance and make sound business decision.

 

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• Our research reports broadly cover Indian markets, present analysis, outlook and forecast.

• The market forecasts are developed on the basis of secondary research and are cross-validated through interactions with the industry players. 

• We use reliable sources of information and databases.  And information from such sources is processed by us and included in the report.

 

Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR