Executive Summary A Tamil Nadu-based pharmaceutical manufacturer was evaluating a 15 MW Wind-Solar Hybrid solution. Despite the project promising a massive 70% energy replacement, an 80% IRR, and strong xNPV, the ₹100 Crore+ capital expenditure hit a wall in the boardroom. The sticking point? The tariff. With standalone Solar available at ₹3.0–3.5/unit, the Board questioned […]
Category Archives: Case Studies
Case Studies
₹37.49 Cr Equity and 91.49% IRR: Why a Maharashtra Steel Board Still Said “No” to a 120 MWp Solar Pitch
12
Mar
Mar
Executive Summary A Maharashtra-based steel manufacturer was presented with a 120 MWp Open Access Solar project under a Group Captive structure. The paper returns were staggering: a 91.49% IRR on equity and ₹2.89/unit in direct savings. Yet, when the CFO asked for a ₹37.49 Cr equity investment, the Board refused to approve it. They didn’t […]
Case Studies
A ₹3.54-Unit Saving on a Solar and Wind PPA in Tamil Nadu: Why this “Open Access Illusion” Almost Killed a Pharma Deal
08
Mar
Mar
Executive Summary A Tamil Nadu-based pharmaceutical manufacturer was on the verge of signing a Wind-Solar Hybrid PPA, enticed by a projected ₹3.54-unit saving and a payback period of less than 12 months. While the paper returns looked incredible, the Managing Director paused before taking the note to the Board. He couldn’t verify exactly how the […]
Case Studies
Solar at ₹4.03 vs. Hybrid at ₹4.44: Why Paying a Higher Tariff Saved a TN Steel Plant from Financial Suicide
26
Feb
Feb
Executive Summary A Tamil Nadu-based steel manufacturer with a 50 MVA Contract Demand was bleeding margins through a massive ₹256.8 Crore annual electricity bill. Facing European export bans on “Black Power” and aggressive ESG demands from investors, the CFO was mandated to switch to Renewable Energy. He was 24 hours away from signing a “cheap” […]
19
Feb
Feb
Solar CAPEX at ₹1.55 vs Wind-Solar Hybrid at ₹4.94 in Gujarat. Why I stopped a Pharma CFO from making a ₹32 Crore mistake. It sounds like a Financial Disaster. I told the CFO of a Gujarat-based Pharma giant that his plan to sign a Solar CAPEX deal at ₹1.55/kWh was a trap. On paper, it […]
Case Studies
Solar at ₹3.60 vs. Solar+BESS at ₹3.94 in Rajasthan. Why I forced a CFO to pay “Higher Tariff” to save his company.
17
Feb
Feb
The L1 Trap: Why I Forced a CFO to Pay ₹0.34 EXTRA Per Unit (And Invest ₹35 Lakhs MORE) “It sounds like Financial Suicide.” That is exactly what the CFO of a leading Automotive Company in Rajasthan told me last week. He was holding two proposals in his hand. One offered Solar at ₹3.60. The […]