Creating Solar Awareness among masses through

FINSOL 360

Submitted To
CHITKARA BUSINESS SCHOOL
In partial fulfillment of the requirement for the award of degree of
BACHELOR OF BUSINESS ADMINISTRATION
2020-23

Submitted By: Supervised By:

Geetanjali Dr. Sarabjeet Singh
Roll No. 2020992531

Page PAGE \* MERGEFORMAT 1

Page PAGE \* MERGEFORMAT 1
(Roll No.) 2020992531
DECLARATION

I, "Geetanjali”, hereby declare that the work presented herein is genuine work
done originally by me and has not been published or submitted elsewhere.
Experience is accurate and that I worked in the company for the duration given in
certificate.

Any literature, data or work done by others and cited in the report has been given
due acknowledgement and listed in the reference section.

__Geetanjali______

(Student's Name & Signature) (Name & Signature of

Guid
e)
Roll No. 2020992531
 ACKNOWLEDGEMENT

I take this opportunity to express my deep sense of gratitude, thanks and regards
towards all of those who have directly or indirectly helped me in the successful
completion of this project. I present my sincere thanks to Mr. Rajat Kumar
( Supervisor)  who allowed me to take training at FINSOL 360.
I would also like to thank FINSOL 360 Staff for their wonderfull support &
inspirable guiding. I also thank Dr.Sarabjeet Singh, Chitkara University who has
sincerely supported me with the valuable insights into the completion of this
project.
I am grateful to all faculty members of Chitkara University and my friends who
have helped me in the successful completion of this project.

Date: -

Place: -Chitkara University,Rajpura

Signature
TABLE OF CONTENT
WHAT IS SOLAR ENERGY?

Solar energy is a renewable free source of energy that is sustainable and totally

inexhaustible, unlike fossil fuels that are finite. It is also a non-
polluting source of energy and it does not emit any greenhouse gases when
producing electricity.

What is the history of solar energy and when were solar panels invented?

Though solar energy has found a dynamic and established role in today’s clean
energy economy, there’s a long history behind photovoltaics (PV) that brought the
concept of solar energy to fruition. With the way the cost of solar has plummeted
in the past decade, it’s easy to forget that going solar had a completely different
meaning even just 15 years ago. Let’s go back a few centuries to the origins of
solar PV and explore the history of solar energy and silicon solar technology.

When was solar energy first used?

In theory, solar energy was used by humans as early as 7th century B.C. when
history tells us that humans used sunlight to light fires with magnifying glass
materials. Later, in 3rd century B.C., the Greeks and Romans were known to
harness solar power with mirrors to light torches for religious ceremonies. These
mirrors became a normalized tool referred to as “burning mirrors.” Chinese
civilization documented the use of mirrors for the same purpose later in 20 A.D.

Another early use for solar energy that is still popular today was the concept of
“sunrooms” in buildings. These sunrooms used massive windows to direct sunlight
into one concentrated area. Some of the iconic Roman bathhouses, typically those
situated on the south-facing side of buildings, were sunrooms. Later in the 1200s
A.D., ancestors to the Pueblo Native Americans known as the Anasazi situated
themselves in south-facing abodes on cliffs to capture the sun’s warmth during
cold winter months.
In the late 1700s and 1800s, researchers and scientists had success using sunlight
to power ovens for long voyages. They also harnessed the power of the sun to
produce solar-powered steamboats. Ultimately, it’s clear that even thousands of
years before the era of solar panels, the concept of manipulating the power of the
sun was a common practice.

When were solar panels invented?

The development of solar panel technology was an iterative one that took a number
of contributions from various scientists. Naturally, there is some debate around
when exactly they were created and who should be credited for the invention.
Some people credit the invention of the solar cell to French scientist Edmond
Becquerel, who determined light could increase electricity generation when two
metal electrodes were placed into a conducting solution. This breakthrough,

defined as the “photovoltaic effect,” was influential in later PV developments with

the element selenium.

In 1873, Willoughby Smith discovered that selenium had photoconductive

potential, leading to William Grylls Adams’ and Richard Evans Day’s 1876
discovery that selenium creates electricity when exposed to sunlight. A few years
later in 1883, Charles Fritts actually produced the first solar cells made from
selenium wafers – the reason some historians credit Fritts with the actual invention
of solar cells.

However, solar cells as we know them today are made with silicon, not selenium.
Therefore, some consider the true invention of solar panels to be tied to Daryl
Chapin, Calvin Fuller, and Gerald Pearson’s creation of the silicon photovoltaic
(PV) cell at Bell Labs in 1954. Many argue that this event marks the true invention
of PV technology because it was the first instance of a solar technology that could
actually power an electric device for several hours of a day. The first ever silicon
solar cell could convert sunlight at four percent efficiency, less than a quarter of
what modern cells are capable of.
Solar energy: what you need to know
Solar power is usable energy generated from the sun in the form of electric or
thermal energy. Solar energy is captured in a variety of ways, the most common of
which is with photovoltaic solar panels that convert the sun’s rays into usable
electricity. Aside from using photovoltaics to generate electricity, solar energy is
commonly used in thermal applications to heat indoor spaces or fluids. Residential
and commercial property owners can install solar hot water systems and design
their buildings with passive solar heating in mind to fully take advantage of the
sun's energy with solar technology.

Interested in benefiting from solar power? Solar panels are installed at three main
scales: residential, commercial, and utility. Residential-scale solar is typically
installed on rooftops of homes or in open land (ground-mounted) and is generally
between 5 and 20 kilowatts (kW), depending on the size of a property. Commercial
solar energy projects are generally installed at a greater scale than residential solar.
Though individual installations can vary greatly in size, commercial-scale solar
serves a consistent purpose: to provide on-site solar power to businesses and non-
profits. Finally, utility-scale solar projects are typically large, several megawatt
(MW) installations that provide solar energy to a large number of utility customers.
2. Introduction to the company
2.1 Mission & Vision of the company
Vision:
Striving for a Green and Clean Future.

‘FINSOL 360’ laid it’s foundation in 2021.Since then the company is consistently
growing and focusing on its objective to provide 360 degree services or all-round
services to its customers. We specialize in providing solar plants from Kw to Mw.
In future, the business aims to expand its line of products and services and wishes
to grab all available opportunities to make its customers the most satisfying ones.

Mission:
To become a leading digital fin-tech player in the field of financial services and to
reach all sectors by creating awareness about solar products by 2022.

2.2 Background of the company

Finsol360 was founded in 2021 by Mr Rajat kumar to introduce the new level of
financial services and solar services. We are dedicated to the success of our clients,
both individual and corporate.
At Finsol360, we are guided by a common purpose to help make financial lives
better by connecting clients and communities to the resource they need to be
successful. We are driving growth – helping to create jobs, develop communities,
foster economic mobility and address society’s biggest challenges – while
managing risk and providing a return to our clients and our shareholders.
 ABOUT FINSOL 360

Finsol360 was founded in 2021 by Mr. Rajat kumar to introduce the new
level of financial and solar services. We are dedicated to the success of
our clients, both individual and corporate.
At Finsol360, we are guided by a common purpose to help make
financial lives and ecosystem better by connecting clients and
communities to the resource they need to be successful. We are driving
growth – helping to create jobs, develop communities, foster economic
mobility and address society’s biggest challenges – while managing risk
and providing a return to our clients and our shareholders.
Services provided by us are Insuarance, Mutual fund investments,
Loans and Solar Projects.

NAME OF THE COMPANY: FINSOL 360

ADDRESS OF THE COMPANY: #2236/16, Krishna Market,backside
Old Grain Market ,Rajpura
 Products and services
1. On Grid System
2. Off Grid System
3. Hybrid Solar System
4. Solar street Lights
As the demand and prices of electricity have kept on rising, the world looks
at renewable energy sources for its power needs. In recent years, solar energy has
become a popular renewable energy source because of its falling costs and
improving efficiencies.
A solar system is a setup that generates electricity by utilizing the solar energy
system. A typical solar system consists of solar panels (which absorb
sunlight), inverter (which converts DC into AC), mounting structure (that hold
the panels in place) and grid box and balance of systems (wires, nuts etc.). A solar
system comes in various sizes like 1 kW, 3kW, 5kW, 10kW etc.
1. On-Grid (Grid-Tied) Solar System

A solar system which works with the grid is called on-grid or grid-tied solar
system, there are three components in this system, such as

● Panels,
● Inverters
● Installation Kit
⮚ GI structure
⮚ Wiring (DC wire, Earthing wire and AC wire)
⮚ Earthing rods (Copper bonded)
⮚ U-Clumps
⮚ Z-Clumps
⮚ Base plates

The main purpose of installing an on-grid solar system is to save electricity bill.

❖ Components of On-grid Solar System

A grid –tied solar system consists of the following components:

1. Solar Photovoltaic modules / Panels

2. DC-AC grid-tied solar inverter
3. Installation kit including of Mounting structures, ACDB, DCDB, A.C , D.C
wire, Connectors, lighting arrestor, earthling cables.

❖ What happens, when my power consumption is very low?

The advantage of on-grid solar system is awesome, if you are not using electricity
at your home, the power generated from solar system will be fed back to the grid.
The state government will give you remuneration for sending electricity to grid
in some states.
2. OFF-GRID SOLAR SYSTEM (WITH BATTERY)

An off-grid solar system is more popular and comes with a power backup. It works
independently of the grid. Most home appliances such as Fans, TV, Cooler, AC,
Water Pump etc. can work through this system. For instance, a 1 kW off-grid solar
system is sufficient for a 2-4 BHK house. But if you also want to run 1HP Water
Pump in your home you could use a 3 kW off-grid solar system. If you are
planning to run an AC then you should use a 5 kW system. For commercial setups
like a shop, clinic or small mill, petrol pump a 10 kW off-grid solar system should
be used.

It is the most common type of solar power system with backup. It works in day and
night both, during the day, solar panel charges the battery and runs the home
appliances such as Air Conditioners, Cooler, Television and submersible pump. At
night, when the sun is not available, Inverter runs your home appliances using the
battery power.

❖ How much does it cost to install a solar energy system?

A 1 kW off-grid solar system will cost you around INR 95,000 if you buy it
from Finsol360 Solar. It can easily power a 3-4 BHK home and run
smoothly for 8-10 hours.
A 3 kW off-grid solar system will cost you INR 2,85,000 if you buy from
Finsol360 Solar. It is used to power larger homes, shops and offices and
can run smoothly for 8-10 hours. It is a powerful solar system and can
easily support the running of fans, lights, television, refrigerator etc. but not
a 2 ton AC. Available at INR 4,25,000 Luminous 5 kW solar system is
used for running even larger homes, offices and commercial
shops. Luminous 10 kW off grid solar system can be easily used in
offices, commercial shops and factories and comes with a price tag of INR
9,50,000. This system is capable of generating 50 units every day.
 3.HYBRID SOLAR SYSTEM
Hybrid system is a combination of solar energy storage with grid connection. This
system provide the flexibility of being able to store the power into batteries that
your solar system generated during the daytime instead of feeding it back into
electric grid.
How much cost is required to setup Hybrid plant?
Hybrid solar systems are connected to the grid and have a backup solar battery for
excess energy storage.A 6 KW hybrid solar system typically costs about INR 4
lakhs after federal incentives but will require a battery, which costs about 75000 on
average.
How do this work?
Hybrid solar panel systems are similar to a grid solar system but use batteries to
store energy for later use.This ability to store energy enables most hybrid system to
operate as a backup power supply during a blackout , similar to UPS
(Uninterrupted Power Supply).
 SOLAR STREET LIGHTS

A solar street light is a stand alone solution for lighting up a area where there is no
grid at all. Our solar street light is composed of Solar Pv, rechargeable lithium
batteries & led lamp. Solar Pv charges the rechargeable battery which powers the
Led light during the night time. Our light recharges during the day time and
automatically turn on at dusk and also comes with dimmer option. Our lights give
back up of 2-3 days which means even if there is no sun for 2-3 days it will still lit
during the night time.
 9Watt 12Watt 16Watt 24Watt

Battery LP 5Years LP 5Years LP 5Years LP 5Years

warranty warranty warranty warranty
Panel 40Watt 50Watt 60Watt 100Watt

Price Rs 9500 Rs 12300 Rs 13300 Rs 16150

*Transportation cost as per actual | **Lithium Phosphate Battery used |***Panel

25 years efficiency warranty |****We can customize the light as per your
requirement

Benefits of Solar Street Lights

• Installation in 30 minutes
• Standalone solution
• Back up of 2-3 days without sun
• Automatic on and off Application of Solar Street Lights
• Can be used in villages,farm houses,colonies,hospitals,institutes & even domestic
homes

SOME VARIOUS BRANDS

 Waaree Energies Ltd. is the flagship company
of Waaree Group, founded in 1989 with headquarters in Mumbai, India.
It has India's largest Solar PV Module manufacturing capacity of 2 GW's
at its plants in Surat and Umbergaon in Gujarat. Waaree Energies is
amongst the top player in India in providing EPC services, project
development, rooftop solutions, and solar water pumps and also as an
Independent Power Producer. Waaree has its presence in over 350
locations nationally and 68 countries internationally.
Over the last five decades, Panasonic Life Solutions India Pvt.
Ltd. (Formerly known as Anchor Electricals) has managed to
capture the attention of every citizen in this country. It started
with a humble vision of manufacturing electrical products of
outstanding quality at a time when the market involving
electrical switches or wiring devices was handled by the
unorganized sector.
Luminous Power Technologies is a powerful and trustworthy brand with
a wide range of innovative products in the power backup, home
electrical and residential solar space that covers, inverters Batteries,
Solar solutions to home electricals offerings such as Fans, Modular
Switches and LED lighting.

With 7 manufacturing units, more than 28 sales offices in India and

presence in over 36 countries, our 6000 employees serve more than
60,000 channel partners and millions of customers. Our motto has
always been Customer Delight through Innovation & Passion with the
focus on Execution & Team-work. At Luminous, we passionately
innovate to make life comfortable and efficient.
Adani Solar is the Solar PV manufacturing and EPC arm of the Adani
Group, diversified organization in India with a combined market cap of
$100 Bn comprising 6 publicly traded companies. Our presence in the
solar manufacturing sector contributes to India’s climate goals and
bolsters its vision of embracing a healthier energy mix.

We are India's largest Solar PV cell and modules manufacturer with

capacity of 1.5 GW at Mundra, Gujarat in India. The state-of-the-art
manufacturing facility with multi-level infrastructure will be optimised
for scaling up to 3.5 GW of modules and cells under one roof.

Adani Solar is India’s first and largest vertically integrated solar

company that offers services across the spectrum of photovoltaics
manufacturing. The company offers and produces high efficiency Multi,
Mono PERC and Bifacial modules with superior efficiency, higher
performance and enhanced reliability.

With projects over 250 MW commissioned and over 400 MW under

execution it is also the fastest growing rooftop and distributed solar EPC
Company. Adani Solar is now expanding to 3.5 GW of annual
production capacity, making it in top 15 global solar manufacturers.
Vikram Solar Limited is an Indian company based in Kolkata
and the second-largest solar energy company in India by
revenue.[1] The company’s primary business focus is
manufacturing solar PV modules and also carries out
engineering, procurement and construction services and
operations & maintenance of solar power plants. It is a
subsidiary of Vikram Group, which also has subsidiaries in the
tea processing, textiles and engineering industries.
Canadian Solar was founded in 2001 in Canada and is one of the world's largest
solar technology and renewable energy companies. It is a leading manufacturer of
solar photovoltaic modules, provider of solar energy and battery storage solutions,
and developer of utility-scale solar power and battery storage projects with a
geographically diversified pipeline in various stages of development. Over the past
20 years, Canadian Solar has successfully delivered over 55 GW of premium-
quality, solar photovoltaic modules to customers in over 150 countries. Likewise,
since entering the solar project development business in 2010, Canadian Solar has
developed, built and connected over 5.7 GWp in over 20 countries across the
world. Currently, the Company has around 500 MWp of projects in operation,
nearly 6 GWp of projects under construction or in backlog (late-stage), and an
additional 15 GWp of projects in pipeline (mid- to early- stage). Additionally,
Canadian Solar has 1.2 GWh of battery storage projects under construction, and
nearly 16 GWh of battery storage projects in backlog or pipeline. Canadian Solar is
one of the most bankable companies in the solar and renewable energy industry,
having been publicly listed on the NASDAQ since 2006.
As a global leading provider for photovalic (PV) module and smart energy
solutions, Trina Solar delivers PV products, applications and services to promote
global sustainable development. Through constant innovation, Trina Solar
continues to push the PV industry forward by creating greater grid parity of PV
power and popularizing renewable energy. Trina's mission is to boost global
renewable energy development around the world for the benefit of all of humanity.

As of December 2020, Trina Solar delivered more than 70 GW of solar modules

worldwide and ranked on the list of "Top 500 Private Enterprises in China”. In
addition, Trina's downstream business includes solar PV project development,
financing, design, construction, operations and management, and one-stop system
integration solutions for customers. Trina Solar has connected over 5GW of solar
power plants to the grid worldwide. In 2018, Trina Solar first launched the Energy
IoT brand, and is now aiming to be a global leader in smart energy.
Brightening lives across the world, Tata Power Solar is India’s largest
integrated solar company.

We are in the business of providing smiles to millions through our

innovative range of solar products that makes life better.

VISION

Empower a billion lives through sustainable, affordable & innovative energy

solutions.

MISSION

⮚ Keeping the customer at the centre of all we do

⮚ Operating assets and executing projects at benchmark level through technology

& innovations

⮚ Sustainable growth with a focus on profitability and market leadership

⮚ Creating an empowered workforce driven by passion & purpose

⮚ Leadership with Care: for all stakeholders

MARKETS
We covered local market of rajpura spreading awareness regarding solar
projects.We had no concern with purchase department so linkages outside city
were left unreachable.

We started the campaign on 7th june and attended theory sessions at office till 17th
june. 17th june onwards we started covering local markets and started from nearby
areas of office i.e Krishna market

After covering KRISHNA MARKET,we headed towards DURGA MANDIR

ROAD.

OTHER AREAS COVERED WERE:-

⮚ ARYA SAMAJ ROAD

⮚ KALKA ROAD

⮚ KANIKA GARDEN

⮚ CHABBRA MARKET

⮚ SINGH SABHA GURUDWARA ROAD

⮚ PATEL COLONY

⮚ MOHINDER GANJ

⮚ GURU NANAK COLONY

⮚ GOBIND COLONY

ORGANIZATIONAL STRUCTURE
Finsol 360 was founded by Mr.Rajat kumar (Owner)

TURNOVER AND OTHER RELEVANT INFORMATION

Company is a startup in 2021.

In the past 6 months we have setup projects:

⮚ 15 Projects in Rajpura

⮚ 5 Projects in Mohali and chandigarh

⮚ Villages in rajpura motor pumps 3 solar motor plants

⮚ 2 OFF Grid solar plants near rajpura.

Turnover till date: 50 lacs (Approx)

Internship Experience
1. Marketing & Awareness Department
This department deals with spreading awareness among masses regarding the
products in which the company deals in an economic and effective manner. The
department focuses on customer sentiments and their satisfaction.
Awareness is to be spread among masses regarding the benefits and limitations
about the product.We used digital platforms such as google reviews and
instagram for spreading awareness.We also gave information regarding various
brands dealing in solar projects and their respective benefits and drawbacks.The
process of approvals and permissions from government was to be completed by
the company.
Marketing department passed on clients to sales department who were
interested in converting their residential or commercial places to renewable
sources of energy i.e solar.
We used grapevine technique of marketing to cover masses.It refers to an
informal channel of business communication through which a network is built
from existing clients which builds a strong connection with new approaches.
Commercial spaces were approached by us.We pitched several entrepreneurs of
Rajpura locality and distributed pamphlets at residential places provided by our
manager.The pamphlets gave a complete insight about the services provided by
us as well as the reasons due to which one should shift to solar energy.
2. Duty assigned
 Finsol 360 organisation hired us for spreading awareness in public regarding
solar projects i.e how solar energy can be used as electricity at a very
minimal cost and is ecofriendly source. We were assigned to conduct
meetings at residential as well as commercial spaces.

People were not aware regarding the benefits of solar energy & we were
given the task to inform masses about the tremendous benefits of solar
energy.We used online platforms to spread awareness among people
regarding benefits of solar.

We were given a title of businessman instead of an intern as we were

supposed to handle major chores carried out by the company.We had to
carry out a calling campaign to know potential customers and then arrange
meetings with them.Once the lead got converted all the required documents
were to be approved by PSPCL officials to further start with the structure at
ground level.

● First and foremost we were supposed to plan our day and make a mindmap of
the market which we had to cover on that particular day.
● Then we used to leave office and start covering the areas which we decided.
● In the evening after covering the market areas we used to reach home and
compile all the data in the form of excel sheet and submit it to our manager.

3. Linkages to the theoretical parts

Theory Linkage
 Marketing Conducting meetings at commercial as
well as residential places and informing
masses regarding our enterprise and our
services.
Coordination Teaming up with group members and
working as one group representating
Finsol 360.
Ground level practice Learning how are tasks executed at
ground level in a proper organized
manner.
Grapevine marketing We connected 1 main customer in the
market and he gave other reference to
approach further. This strategy gave us a
lot knowledge and contact new people
in market.

4. Value generated

Serial NAME OF THE CUSTOMER CONTACT NO. FEEDBACK

No.
1. Shiv Shakti Jewellers 9815548137

2. Deep Enterprises 9417046568

(Vinod Kumar)

3. Mukheja Enterprises 9815480003

(Kapil Mukheja)
4. Preet Electronics 9780548195

5. Karan Communication 9815012434

6. Sahni Sales 9988996009

7. Sehaj Handloom 9988637254

8. Pappu Juice Corner 9888189721

9. Parents Book Depot 9878640436

10. Raman Talior 9814310580

11. Jewellery World 9888292966

12. Advanced Medical Hall 9888033216

13. Mr. Gurdas Verma 9988163113

14. Modern Lab 9815237818

15. Krishna Electrics 9988000857

(Mr. Harjeet Singh)
16. Chandan Mobile Care 9463038411

17. Bansal Computer 9417380890

18. Rajindra Medicos 9646505223

19. Navjyoti Opticals 9888665719

20. Ahuja Medical Store 988868275

21. Himanshu Mobile 7873645414

22. Juneja Associates 9878487891

23. Chandan Mobile Care 1762528835

 5. SKILL OBTAINED
Through Finsol360 we learned execution of projects in a very organised way.
1. Co-ordination
2. Team work.
3. Conflict Management.
4. Soft Skills.
5. Efficient Management.
6. Relationship Building.
PRE-PLACEMENT OFFER OR AWARD OF RECOGNITION:-
YES
I accepted Part-time job with FINSOL 360.

RECOMMENDATION AND CONCLUSION

RECOMMENDATION

* As per from our experience we came across the dramatic effects of the renewable
energy on the environment and society.
* I vehemently espouse that solar energy not only eradicates the problem of
pollution but also a cheaper source of energy which is eco-friendly and pocket
friendly.
* Consequently, I strongly recommend to make most use of solar energy which is
beneficial for our future.
 CONCLUSION

Solar energy is one of most important renewable energy sources that

have been gaining increased attention in recent years. Solar energy are
plentiful it has the greatest availability compared to other energy
sources. The amount of 20% solar energy supplied in the earth. The sun
are sufficient to power the total energy needs of the earth for one year
.The conversion of solar energy into electrical energy has many
application fields. Residential, space and aircraft and naval applications
are the main fields of solar energy. Solar energy quite simply the energy
produced directly by the sun and collected where, normally the Earth.
Solar power has two big advantages over fossil fuels. The first in the
fact that it is renewable energy it is never going to run out. The second is
its effect on the environment.Energy generation using solar photovoltaic
requires large area. As cost of the land are growing day by day, there are
some strong requirement to use the available land as efficiently as
possible. Due to the nature of , two components are required to have a
functional solar energy generator. These two components are collector
and a storage unit.Solar energy has experienced phenomenal growth in
recent years due to both technological improvements resulting in cost
reductions and government policies supportive of renewable energy
development and utilization.