Bangladesh Solar Energy Development Forum

September 20, 2011 Dhaka, Bangladesh

Munawar Misbah Moin Managing Director, Rahimafrooz Renewable Energy Ltd. Senior Vice President Bangladesh Solar & Renewable Energy Association

Where we are
1.1millionSolarHomeSystem(SHS) 30+solarwaterpumpingsystem 1MWpofsolarhybridsolution 750+KWpofrooftop solution 40+solar powered BTS

60MWofsolarPVinstallation 50,000+greenjobs USD3million/yearworthofcarboncredit

Rooftop solar perspective

Urbanareapowerscenario:
NationalPeakgeneration:5,100MW,Appx.Shortfall:1,500MW DESCOrequirement:550 700MWperday DESCOpowersupply:300 350MWperday

Mitigation through smart & efficient energy generation mix is essential for the incremental requirement

Rooftop Solar solution can play a key role in achieving the above goal

Rooftop solar perspective

Scope:
500,000++buildingsinDhakaandChittagong Standard5KWprooftopsolutioncangenerate2.5GWpofSolarEnergy 1GWpofrooftopsolutioncangenerate1.15millionCER/annum equivalenttoUSD25million

Status:
App.500+KWpofrooftopsolarpowerinstalledfornewpowerconnection App.250+KWpofrooftopsolarpowerinstalledingovt.institutions

Policyinitiatives:
Mandatorysolarpowersystemfornewpowerconnection Directivesforinstallationofsolarsysteminallthegovt.offices

Rooftop solar solution

Standalonesystem: GridindependentPVSystemwithbatterybackup

Gridtiesystem: a. Gridfeedin PVSystem(withoutbattery)thatproducepowertothefacility andalsofeedstothegrid a. Gridconnected PVSystem(withoutbattery)thatproduceandsupplypowerto thefacilitydirectlywithoutfeedingtothegrid

Stand-alone System
PVArray Charge Controller Battery

Inverter

SolarMetering

Energy Consumer

Grid Tie System

PVArray Inverter SolarMetering

Transformer

GridMetering

Energy Consumer ATS

Generator

Energy Cost Comparison

CurrentGeneration(ason2011)
85% Gas LevelizedCostofgeneration:BDT17/kWh

ExpectedGeneration(ason2015)
52% Gas 23% Coal 25% HFO/Diesel/Hydro LevelizedCostofGenerationwillbeBDT22/kWh

GREEN INCENTIVE
equivalent to levelized generation cost will make Solar Energy viable

Rooftop model : Household

SystemAssumptions:
Standardsystemsize:10KWpnabove Projectowner:RealEstatedeveloperor SolarPVESCO

FinancialAssumptions&Outcomes:
Softloan@6%perannumfor15Yrs Greenenergyincentive:BDT22/kWh ConsumerSolarenergytariff:Currenttariff IRR:12% AllIPPbenefits

Rooftop model : Industry/Commercial

SystemAssumptions:
Standardsystemsize:50KWpnabove Projectowner:Industry/Commercial buildingownersorSolarPVESCO

FinancialAssumptions&Outcomes:
Softloan@6%perannumfor15Yrs Greenenergyincentive:BDT22/kWh Industrial/CommercialSolarenergytariff:Currenttariff IRR:12% AllIPPbenefits

Rooftop Model : GOB

Initiatives:
ShareofRenewableatleast10%ofConnectedLoadineachbuilding SolarPowersysteminallKeyInstallations InstallationsofSolarPowerinallOffgridUnits

BenefitsExpected:
Greenenergymixforincrementalrequirement Newsectorincleanenergydevelopmentand jobcreation GreenIncentiveBudget BDT300crore/100 MW GenerateCER FCsavings Manymore

Implementation model
Softfinancing+TA

Development Partners

GOB

Softfundmobilization
(Source:Ownfund,DPfund)

Financial Institution
R e p a y m e n t

Policy Systemstandardization Compliance

Softfinancing GreenIncentive

Monitoring Agency

Compliance

Solartariff

Consumer

Systeminstallation

Solar PV ESCO

Role
GOB: Soft,LongtermfundmobilizationfromDP LongtermREFinancingthroughFI Systemstandardization&benchmarking Policymeasures Developmentpartners:Providingsoftloan+TA FinancialInstitutions:REFinancingportfolio MonitoringAgency:Compliancetopolicy&standards SolarPVESCO:Systeminstallation,Maintenance&Aftersalesservice

Lets make it happen by doing it

Thankyou