Friday, May 13, 2022

What is MWp in solar?

In the world of solar energy, MWp is a measure of quantity. It stands for Megawatt Peak, which is a unit of power that indicates how much electricity can be generated in one hour at maximum capacity.

The term is used primarily in reference to large-scale solar arrays that generate more than 1 MWp per hour. MWp is widely used as a way to compare different types of solar arrays and determine which ones are most efficient at generating energy from sunlight.

How is MWp calculated?

Megawatt peak (MWp) is a measure of a solar panel’s output. It describes how much power your solar panels can produce in one hour at full sunlight or the maximum amount of power your solar panels can produce per hour if the Sun doesn’t set for 24 hours.

To understand this, you need to know two things: how much solar radiation hits the Earth per minute, and how much energy that radiation has. The “peak” part of MWp refers to the peak amount of energy that can be produced by your system during one hour-the highest point on a graph representing your system’s production over time. This means that MWp is not just a single number, but rather an average value over time.

Sterling and Wilson is the leading solar power plant EPC company.

Sterling and Wilson provide comprehensive consulting, engineering, and construction services to clients in a wide range of industries. The company’s portfolio covers wind, solar thermal energy, biomass gasification, and combined heat and power projects.

It is a company that was established in 2013 by two young professionals with a passion for renewable energy solutions. Their goal was to create a team of highly qualified people who have an eye for detail with the ability to deliver high-quality work within tight deadlines while ensuring client satisfaction.

Today they have grown into one of the fastest-growing solar EPC companies in India with offices across four states — Maharashtra, Uttar Pradesh, Andhra Pradesh & Tamil Nadu; catering to clients across different geographies including South East Asia as well as Europe and North America.

Sterling And Wilson Renewable Energy Projects -

Utility-Scale

Solar Rooftop

Floating Solar

450 kWp, Kerala, India

Originally published at http://realestateandepc.wordpress.com on May 13, 2022.

Thursday, May 12, 2022

5 Reasons why you should invest in Hinjawadi, Pune in 2022

Hinjawadi, Pune

The best time to invest in property is when the market is on the rise. While there are many property markets to invest in, Hinjewadi is a great choice for your next real estate investment. The Hinjewadi real estate market has been steadily growing, but it has nowhere near reached its peak. With more and more people opting for apartment living rather than living in their own homes, there is plenty of room for this market to continue to appreciate.

Here are 5 reasons why Hinjewadi is a great place to invest right now.

The Location

By the end of 2022, Hinjewadi is set to be the home of a new smart city that is expected to attract over 50,000 people. The demand for property in this area will also increase due to its close proximity to IT parks and other commercial hubs such as Chandan Nagar and Magarpatta City.

Inclining Real Estate Trends

Hinjewadi is one of the fastest-growing commercial regions in Pune. The region has seen a tremendous increase in its real estate prices in recent years. This means that there will be more demand for homes by working professionals and families alike! What’s more, this price rise is expected to pick up the pace, even more, in 2022.

Rental Home Demand

With more and more people wanting to move into this area, there is an increased need for rental homes which means that renting out your property can be more profitable than ever before! You can expect

The Decline in Lending Rates

Lending rates are at an all-time low in 2022, making it easier than ever for people to buy homes and other assets like commercial property or land lots in Hinjewadi.

Connectivity

You have easy access to everything by road, rail, and air. One great project that you can check is Joyville Sensorium by Shapoorji Pallonji offering 2 BHK flats in Maan Village Road, Pune. Everything you need, waiting for you here. Spacious homes and greater luxury define our Joyville homes. With every aspect of your lifestyle taken care of, you can now focus on what matters the most to you.

So what’s the delay? Make the most of this investment opportunity today!

Originally published at http://realestateandepc.wordpress.com on May 12, 2022.

Wednesday, May 11, 2022

What are teaser loan rates charged by banks?

Banks are constantly trying to offer the most competitive rates on their lending services in the current financial landscape. For home buyers, this is a welcome opportunity to get the most beneficial home loan option possible. Anyone on the hunt for this excellent home loan rate may have heard of a ‘teaser loan’.

So what exactly is so unique about this offering?

A teaser loan is any loan that offers customers an impressively low-interest rate for a fixed initial period of the loan tenure. After this period, a higher interest rate is effective for the rest of the tenure.

Banks offer this proposition as a great incentive to attract borrowers for all kinds of loans, including personal loans, car loans, or home loans. The main goal is to get customers to avail of the loan at an attractive initial interest rate so that they are then willing to lock in the later increased interest rate.

For instance, if a homebuyer chooses to avail of a home loan with a 30-year tenure at an 8% interest rate, the bank can then offer this customer a teaser loan where they only have to pay 6% interest in the first three years. From the fourth year onwards the interest rate will switch back to 8%.

Adjustable-Rate Mortgages (ARM) are one of the most common teaser loans available. This home loan has a fixed interest rate for a short initial period after which the interest rate is applied to the outstanding balance. This is reset periodically, either at yearly or even monthly intervals.

The important thing for customers to understand here is that these teaser loans require a level of discretion and must be considered with the full context and not just the initial attractive offering. Asking questions and evaluating all the complexities of the loan will help to decide if the rates are really a good deal based on the customer’s specific needs and situation.

Explore details of affordable homes by Joyville Homes –

Joyville Howrah

Joyville Virar

Joyville Hinjewadi

Joyville Gurugram

Sensorium Hinjewadi, Pune

Joyville Hadapsar Annexe

Originally published at http://realestateandepc.wordpress.com on May 11, 2022.

Wednesday, May 4, 2022

What are turnkey solutions in the construction industry?

If you are planning for your next construction project, then turnkey solutions might be the best answer for you. A turnkey solution is a process in which the project is streamlined from the very beginning to the end. There are many more things which can be offered.

What is it?

When a contract is made by a company, the solution provider agrees to give building solutions and hand it over to the buyer, once it is developed, designed and fully equipped. The accountability for constructing the work is given by the owner to the solution provider. Any company, who gets into providing a turnkey solution, does it for a value which is agreed while the contract is made.

Basically, turnkey solutions in the construction business involves –

· Planning/Designing – Before moving into an apartment, the buyer has to make arrangements to hire a designer who can give a complete makeover to that house. But, in this part the solution provider is liable to design the area, which makes the prospect buyer’s life easy.

· Supplies – Here, the construction owner does not have to check on the supplies and run behind vendors to make it work. The solution provider makes all necessary arrangements and if need be takes suggestions from the prospect buyer for any specifications.

· Structure Creation/Building – Once the project owner has handed over the construction responsibility to the contractor, it is their duty to do everything from the scratch – whether it involves hiring workers and other contractors or anything else. The owner comes in picture only when the work is finished and the facility can be used by them without any hindrances.

When there are multiple constructions happening at the same time and the project owner is unable to give his attention to everything then, these types of solutions emerge as a saviour. The owners only have to take care of the initial permits and licence and give proper entry to the site. Everything else, from designing and supplies to construction etc., is taken care of by the solution provider.

The advantages of turnkey solutions –

These types of projects are beneficial for all the three parties – Project owner, Solution provider and the Prospect buyer.

· Budget friendly – Project owners work with the contractor who agrees to work on the value mentioned on the contract, which is mutually favourable for both of them.

· Saves time – When the project is given to a contractor, the owner has time in hand to expand his business and look at other areas as well.

· Hassle-free – As per the contract, everything except the permit and licensing is looked after by the contractor. The challenges are much lesser and the project runs smoothly.

· Expert knowledge – A contractor, who takes the ownership of providing a solution to a particular project, has all the expertise to take it ahead. They get in people who have sound technical knowledge about the work that they get into and that’s why they are the proficient in their field.

Most of the huge infrastructure projects which are funded by the government are handled and developed by turnkey solution providers. A private developer can handle all the aspects from land procurement, permits, plans etc.

Shapoorji Pallonji’s SP EPC (Engineering, Procurement & Construction) has proven engineering expertise and exemplary organisational infrastructure. Their solutions include overseeing every project end-to-end, right from conception to its implementation. Few of their succesful projects are –

· The largest turnkey Raw Material Handling Plants for Rourkela Steel Plant of SAIL

· F1 Race Track – Buddh International Circuit

· FIFC – Mumbai

· HCL Technologies – Bangalore

· Skyview Corporate Park – Gurgaon

· International Tech Park – Bangalore

All you need to know about leasing a Solar Farm

Solar farms on lease are a new concept that is gaining widespread popularity in the agricultural industry. While it may seem like a wild idea, solar farms on lease are not a new concept. Companies have been leasing land for years to use for solar farms. With the government allowing farmland on lease for solar power plants, there has been an exponential increase in investments in this sector.

But first, what’s a solar farm?

Photovoltaic systems, also known as solar panels, are positioned in a large area for directly producing electricity using the energy of the sun. It is similar to power plants/stations. While it converts the energy into electricity, it sends the same to the power network for distribution. It is then consumed widely and used in a variety of work. Preferably, PV systems/solar panels can be mounted on the rooftop, but the preference is to use the ground for better results and safety.

Types of solar farms

Utility-scale

Be it a rooftop solar panel or mounted on the ground, solar energy plans are always on a framework. This in turn supplies electricity to the utility companies. Usually, utility-scale solar panels are placed on huge lands where these panels expand beyond limits. Electricity generated from the Sun is distributed to power lines and travels through the electricity grid to your home.

Communal solar

Sustainable technologies are used to generate electricity in the same place or within a small area. Generation of energy that is closer helps in better distribution. These are carried out on a small scale and that gives room to absorb more clean energy.

How does the leasing work?

A farmer leases his land to the company that installs the panels and sells the electricity generated to the utility company. The farmer gets paid for leasing out his land, and also gets paid for feeding into the grid with his surplus electricity production. The solar farm is owned by someone else and leased out(for 25-30 years) by the landlord to farmers for use as a source of income.

Payment is agreed upon by both the parties and as the generation of solar energy is reliable and foreseeable, the rent is decided on a per-acre basis. A reliable projection is made for the lease out period and as per the agreement the landowners get around ₹1-2 lakh per year per acre from the project owners.

How long is the process?

This process involves 5 steps before the actual plan starts.

Step 1 – The land is assessed and selected

Step 2 – A proper layout is made and checked for any foreseeable impact on the property

Step 3 – Lawful permissions are taken from the environmental authorities

Step 4 – Solar plants are installed on the farms, which takes upto a year

Step 5 – Grid connection is made for better supply and consumption

Any interference in farming?

Usually, there is no interference involved in the farming business. Minimal time is required for the surveyors to complete the groundwork.

Until the solar panels are constructed, you will have people moving in and around your farm to deliver materials for the required project. Other than this, there are only annual visits for maintenance purposes. You will be all fine to operate your farm without any hindrance.

Landowners can ask the project owners to give specifications of their earlier solar plant projects. So try and track their projects for better relationship and reputation maintenance.

In conclusion

This type of leasing out of farms has helped poor farmers a great deal and has given them an opportunity to live well. Leasing out is a perfect model for both the land and project owners.

Landowners get to earn a stable annual income and even have the right to gain future capital. Post the lease period is over and as freewill; landowners have even sold their lands to the project owners. This movement has largely been seen in the states of HP, Uttrakhand, Andra Pradesh, Punjab, and many more.

Welcome to the future of green power systems!

Sterling and Wilson Renewable Energy offers a complete range of Turnkey and Balance of System (BoS) solutions for utility-scale, rooftop, floating, and hybrid and energy storage projects.

Originally published at http://realestateandepc.wordpress.com on May 4, 2022.

Monday, May 2, 2022

5 Reasons why you must invest in Bavdhan, Pune

Bavdhan, Pune Image Source – Prashant Kumar Mali

On the lookout for a fantastic new budget home near the Mumbai-Bangalore highway? With the recent advancements, Bavdhan has emerged to be a highly favored residential locality for middle-class families.

Earlier, in the 1990s, people used to consider Bavdhan as a destination for a second home but it has now changed into a fully residential area. The location especially makes it a preferred option, as it is closer to the IT and education hubs. It has a multicultural crowd, who own bungalows and theme-based residential spaces.

Here are our top 5 reasons to invest in Bavdhan

Landscape – Blessed with greenery and fresh air, the Bavdhan hills and their neighboring hills along with the Pashan Lake make for a peaceful combination of a welcoming home that’s away from the bustle of the city.

Connectivity – Bavdhan is situated near the Mumbai-Banglore highway, Paud, Satara, and Pune bypass road assuring easy access to every spot. It is 15 km from Pune railway station and 23 km from Pune airport. The location will soon have access to a metro line as well!

Nearby location – Having emerged as a developed suburb, Bavdhan is in close proximity to Lavale, Shivane, Kothrud, and Shivnagar. The area also has excellent schools, employment hubs, super-specialty hospitals, shopping malls, and various commercial shops. This makes it perfect for a family home.

Employment opportunity – Being very close to Hinjewadi IT Park, this is a great place to stay for IT professionals. There are many IT parks such as Nanospace IT Park and RMZ Westend that have been successful in creating employment opportunities in Bavdhan.

Infrastructure – Bavdhan residents have access to reputed schools, colleges, hospitals, and much more. There are multi-specialty hospitals like Asian hospital, Seth Ram Das Shah, Poona Hospital and Research Centre, and Ratna Memorial Hospital. Schools for your children like Hutchings High School, St. Vincent, St. Joseph, Ryan International, and colleges like Padmabushan Vasantdada Patil {Technology}, Indian Institute of Cost Management Studies and Research. There are some good shopping malls and old bazaars, where you can take a break and enjoy yourself with your loved ones.

Extra tip for NRIs

Bavdhan is potentially a good security option to earn better returns while having an amazing place in your name. Usually, such homes with easy access to basic necessities and other infrastructures have high prices, but the rates here in Bavdhan are reasonable but more importantly, a lifetime investment.

Interested?

There are plenty of residential projects developed by renowned developers and one of them is Shapoorji Pallonji Real Estate, which is known for making amazing homes without compromising on quality. Make sure to check out Vanaha – a space is being built on 6 acres of greenery, along with high-end amenities. They offer 1, 2,3, and 4 BHK duplexes with contemporary and maintainable features that include – Water treatment plant, rainwater harvesting, and more!

Get the best of both worlds, now at Bavdhan.

Originally published at http://realestateandepc.wordpress.com on May 2, 2022.