D&B efficient project cost vetting helps in expansion of a solar module manufacturing plant

An independent validation was conducted for the proposed cost of expanding a solar module manufacturing plant to 4 GW capacity, involving technical assessment and benchmarking against similar projects.

Challenges faced by the client

The manufacturer faced challenges in accurately estimating the cost for expanding its solar module production capacity to 4 GW. This involved complexities in evaluating design and technology choices, construction requirements, machinery specifications, and utility needs. Ensuring compliance with statutory regulations added further difficulty. Additionally, benchmarking against similar projects was necessary to validate the proposed costs.

Internal challenges

The manufacturer faced difficulties in aligning design specifications, selecting appropriate technology, and ensuring machinery and utilities met the expansion requirements. Managing statutory compliance and integrating new systems with existing operations added to the complexity.

External challenges

Benchmarking costs against similar industry projects was challenging due to market variability and evolving technology standards. Additionally, obtaining reliable third-party validation and navigating regulatory expectations posed hurdles in project planning and budgeting.

How D&B helped?

D&B supported the manufacturer by conducting a comprehensive technical assessment of the proposed expansion project. This included reviewing design, technology, construction plans, machinery, utilities, and statutory compliance requirements. Additionally, D&B benchmarked the proposed costs against similar industry projects, validated quotations, and provided research-backed insights to ensure the cost estimates were realistic and aligned with market standards.

Key learnings

• Technical assessments for project cost vetting
• Project benchmarking with industry standards