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3. Implementation: Cares can handhold its client right from creation of a formidable project team to the commissioning of the project. We will establish a transparent governance model and define check and measures at different stages of the project to ensure the quality of output as well as mitigate any risks associated with Project Implementation.
2. Planning: A detailed project plan will be drawn along with finalization of vendors, financiers and revenue model for implementation of project.
I. Vendor Selection: Cares experience of technology and its relationship with Vendors across the supply chain including module and inverter manufacturers as well as EPCs will help our Clients make a judicious choice in terms of selection of Vendors so as to maximize their returns.
II. Mode of financing: Other than conventional mode of financing Cares along with its international partners can offer the following financial models:
a. Low cost EXIM bank financing for up to 75% of project cost
b. Build Own Operate Transfer (BOOT) Model with zero capital investment
III. Revenue Model: Cares assist its client arrive at the right revenue model for the solar project basis evaluation of applicable incentives, risk and return associate with each model.
1. Feasibility Study: At this stage we evaluate the clients overall investment goals:
I. Technology vs. Power Production: Cares SMEs in Solar will do a thorough analysis of Technology chosen for the Technology deployed vs. projected power production to analyze risk associated with such projections. Many a time, we have come across projections, which are unrealistic.
II. Risk of Technology and Investment: Risk of technology as well as Investment shall be analyzed using a unique methodology developed by Cares to give a clear indication of the risk involved in the Investment and mitigation strategies for the same as available
III. Investment vs. Risk vs. Power Production: Many a time, we have come across projects where incremental investment can substantially improve the returns of the project at a far more reduced risk.
IV. Methodology of financing: At this stage we explore the current mode of financing and do a comparison with other models including EXIM bank financing, BOOT Model etc.
V. Policy and Incentives: We evaluate the extent to which different incentives will be applicable to the project and assess the risk associated with government policies.
VI. Revenue Model: Evaluation of current revenue model. Many a time switching from one revenue model say from a government Power Purchase Agreement to a private Power Purchase Agreement or captive Model along with applicable incentives may help the investor improve returns drastically at the same time minimizing his risk.
We understand the complexities involved in executing a Solar Project including policies, technology and vendor selection, financing, political framework etc. at each stage from feasibility study to project commissioning. At Cares, our diverse team and international partners will ensure that our clients are well equipped to anticipate and mitigate risks involved in implementation of a Solar Project.
Cares follow a three-pronged approach to Project Development.
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