Deal Teaser – Indian $40Mn Solar PV Company with 12 Upcoming Projects seeking an Investor – India

Business Description

The company is an Indian based company founded in the year 2010 with the vision of
harnessing solar energy. The company excels in design, engineering, construction, O&M.
Has a decade of expertise in end to end project delivery. The company’s current
offerings include turnkey/solar parks, EPC, rooftop, energy storage, O&M and valueadded
services.

Highlights:

a) Has aggregate 330 MW Solar PV capacity commission under open access, state
and national policy.
b) Additional 73 MW under execution with 100 MW Solar park under construction.
c) 292 MW existing solar O&M portfolio along with 10 MW owned solar projects
with long term PPA average tariff with govt DISCOM of ~USD 8 cents.
d) Pan India operations (7 Key solar states), also advance position for international
project
e) Team and professional management with the top management having extensive
experience working in the renewable energy sector for almost 2 decades and a
workforce strength of 170

The company has completed around 114 projects in the past. The project with the largest
capacity being 100 AC Capacity (MW) and 112 DC Capacity (MWp). The company owns 10 solar projects
with high PPA rates.

Reason for Selling

The company requires investment of USD 20 million to increase its growth opportunities. The funding will enable the company to grow in line with in increase in revenue. Apart from the WC funding, the company plans to replace the current Unsecured Loans to reduce its WACC.

Key Financials

  • Deal Structure: Fund Raising
year sales ebitda net income nfp
2019-20 USD41,495.00 USD0.00 USD0.00 USD0.00

Additional Information

Traction:

1. The company has a diverse clientele which includes 72 private consumers, 6
PSUs and pre-bid tie up of over 680 MW with IPPs from Canada, Europe and
Middle East.
2. The company has a presence across entire value chain with O&M segment
experience for 292 MW , project concept to commissioning, power evacuation
infrastructure up to 132 KV and REC trading.
3. The company plans on geographical expansion into 3 more Indian states with
conductive polices and also plans to enter into 4 countries

**Transaction types considered**
Private Equity
Joint Venture

Gautam Khurana

Founder & Managing Partner
India Law Offices LLP