Affordable through

Appropriate Technologies

SOLARIC

June 17, 2014

Ph: 1-408-916-1941

www.solar-ic.com

SOLARIC at a glance…

Chronology Current Position

Incorporated - 2009 Payroll Employees - 235

Technology dev- 2010

Revenue- * 2012 - $ 2.3 mil* 2013 - $ 4.9 mil* 2014 - $ 10.5 mil (projected)

Product piloting- 2011 Direct outlets - 30

Commercial Ops - 2012 Partner branches- 600

Growth (3G-SHS)- 2013 Villages reached- 24,000

Expansion (NANO)- 2014Homes connected- 65,000

LED lamps supplied – 260,000

Current rate – 8000 homes/month $ 800K/month

Didar Islam www.didarislam.com

The Team (135 Yrs.)

Why off-grid?

Cost of grid extension: $ 800 per homeCapex for Solar Nano grid: $200 per home60% living in off-grid areaEnd user cost (with battery backup) cheaper

than any other alternatives in the off-grid areas

Barriers to SHS Market

Barriers:

1. Limited load capacity ( Unlimited capacity) 2. High Cost ( 40% lower cost)

3. Can’t Run TV/Fan etc. (Any standard appliance)

4. After Sales Service (5 Yrs. Tension-free)

SOLARIC Solutions

3G-SHS First and only utility level (125V) Solar Home System in the world

Nano grid Pre-paid meter based community solar system for 50 Household

Customer demand

Off grid Customer

30% demands “Solar Power”

70% demands “Solar Lighting”

Nano + code lock

Nano or 3G-SHS

Nano + meter

3G- SHS

3G-SHS = Solar Optimizer + Standard Efficient Appliances

Driver-less LED Tube Lamp

Direct Drive == Longer Life (True LED Life, 50K+)+ Lower Power (20%)+ Lower Cost

Features:Low power: 3W10+ Years Life120+ lumen/wattNo Driver Require

Nano Grid

System Configuration

Connection: 50 Household (HH) per grid siteLoad per HH: Avg. 40 watt (200 WH per day/HH)Configuration: 3KWp (PV) + 36KAH BatterySystem cost: US$ 10,000Capex per HH: US$ 200

Energy budget

= 10,000 unit per day (WH)

= 200 WH per day/ HH

= 6000 WH per month/ HH

Revenue per site

Monthly ROI

per Site

= Collection $ 300

= EMI payment $ 150

= O&M Cost $ 25

= Net Return $ 125

Household

Consumption

= 40 Watt/HH (1 TV, 1 Fan, 4 LED)

= 200 WH per day/ HH

= Tariff: US$ 0.01 / WH

= Monthly bill/ HH US$ 6

Lowest Capex

SL # SolutionsCapex

$ per WpChallenge/ Solution

1 Solar lantern 15 Too small in size

2 SHS 8High Overhead to provide service and collect EMI

3Mini grid (AC)

( 100 KWp)5 Lack of Anchor load

4Nano Grid (DC)

( 3 KWp)3.5 Scalable and efficient solution

Lowest End-user cost

SL # Option Amount Unit

1 Kerosene Lamp 1.2 US$ / lamp/ month

2 Solar lantern 1.8 US$ / lamp/ month for 3 years

31G SHS

(12V, CFL)3.0 US$ / lamp/ month for 3 years

42G SHS

(12V, LED)1.5 US$ / lamp/ month for 3 years

53G SHS

( 120V, LED)1.2 US$ / lamp/ month for 3 years

6 Solar Nano Grid 0.4 US$ / lamp/ month

Advantages

Investor BenefitLow Investment Amount: $ 5k per site

Shared Risk: 50% equity (operator= 25%, user=25%)

Operator BenefitAsset buildup: Own the system by paying only 25% of the system cost

Operating Profit: Monthly income $125

Investment returned in 20 months

Bundle the Dish network with solar sharing the same PIPE

Customer Benefit

Flexible and Low Monthly bill US$ 1-6

Maintenance free, risk free

Nano in the Field

Courtyard Power House

Rooftop End User with Meter

Available Market

Off grid Market Size (Bangladesh):

20 million Household 3 million using SHS (15% only)6 million for Nano (30%)120,000 Nano sites (50*120K=6mil)Nano market Size US$ 1.2 billion Current SHS rate US$ 30 mil/month

Investment Opportunity

BM: Solution & after-sales Service

Ownership: Local entrepreneur

No. Operators- 200

No. of HH/ Shops – 50,000

No. of SOLARIC franchisee- 30

Total Project Cost- $ 10 mil

Debt Finance required – $ 5 mil

Roll out period- 18 months

1000Nano grid

Thank You

www.solar-ic.com

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