Solar Glass Greenhouse with cold storage to ensure both PHOTOSYNTHESIS & PHOTOVOLTAIC to Co-exist to empower the Farmers & rural youth to have an inclusive growth with lot of rural employment including future EV charging with Hybrid renewable energy generation in every village or county.
Uttarakhand 3 MW solar glass greenhouse (9acre):
Total Capex = 33CR
Equity (30%) = 10CR
Debt (70%)= 23CR
Accelerated depreciation benefit = 80% of 21CR = 16CR
Net tax savings = 8CR
Net equity block = 10-8= 2CR only.
Debt of 23CR is recovered through solar tariff.
IDS - Industrial Development Subsidy of 5CR is anticipated due to policy in Uttarakhand.
Thus, positive cash in the system.
The Solar Investment = 15CR
GH Investment = 18CR (2CR/acre)
GH income operation is highly profitable due to the complete recovery of 33CR through Accelerated Depreciation, IDS and Solar tariff.
Stake holding and profit share :
Investor = Xx%
KK NESAR = YY%
Uttar Pradesh project of 5MW is also up for Investment.