India has auctioned the biggest capability of rooftop solar energy tasks in historical past and the outcomes are extraordinarily promising and will present a much-needed enhance to the rooftop solar energy market.
The Photo voltaic Vitality Company of India (SECI) just lately introduced that it auctioned simply over 503 megawatts of rooftop solar energy tasks throughout 35 states and union territories of the nation. The public sale was the primary section of 1 gigawatts rooftop solar energy program introduced by SECI; beneath this system rooftop solar energy methods can be carried out atop authorities buildings throughout the nation.
As per the information launched by SECI, 50.2 megawatts was auctioned beneath the CAPEX mannequin in 32 states. Beneath the mannequin, the undertaking proprietor and developer will contribute in direction of the undertaking implementation by means of a mixture of fairness and debt funding and electrical energy can be bought at a tariff specified by the central or state regulators.
Bids beneath the CAPEX mannequin have been within the type of lowest capital price wanted to arrange the methods. The utmost bid allowed was Rs 75,000/kW ($1,166/kW). The best bid was recorded as Rs 65,000/kW ($1,010/kW).
Simply over 453 megawatts capability was awarded beneath the RESCO mannequin the place the builders can be required to bear your entire undertaking price upfront. The electrical energy can be bought on the tariff quoted by the developer throughout public sale. As soon as the undertaking breaks even all income from the sale of electrical energy will really be developer’s revenue.
The bottom tariff bids obtained beneath the RESCO mannequin was Rs 2.20/kWh (3.4¢/kWh) for 11.2 megawatt capability within the Andaman & Nicobar Islands. The best bid was positioned for 9.6 megawatts capability within the state of Bihar at a tariff of Rs 4.59/kWh (7.1¢/kWh).
A number of the main names within the Indian solar energy market that participated within the public sale embrace ReNew Photo voltaic Energy, Mytrah Vitality and Azure Energy.
Beneath the each the fashions, undertaking builders would additionally obtain monetary incentives relying on the time taken to fee the tasks and their location; incentives will fluctuate from $116/kW to $700/kW.
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India has auctioned the biggest capability of rooftop solar energy tasks in historical past and the outcomes are extraordinarily promising and will present a much-needed enhance to the rooftop solar energy market.
The Photo voltaic Vitality Company of India (SECI) just lately introduced that it auctioned simply over 503 megawatts of rooftop solar energy tasks throughout 35 states and union territories of the nation. The public sale was the primary section of 1 gigawatts rooftop solar energy program introduced by SECI; beneath this system rooftop solar energy methods can be carried out atop authorities buildings throughout the nation.
As per the information launched by SECI, 50.2 megawatts was auctioned beneath the CAPEX mannequin in 32 states. Beneath the mannequin, the undertaking proprietor and developer will contribute in direction of the undertaking implementation by means of a mixture of fairness and debt funding and electrical energy can be bought at a tariff specified by the central or state regulators.
Bids beneath the CAPEX mannequin have been within the type of lowest capital price wanted to arrange the methods. The utmost bid allowed was Rs 75,000/kW ($1,166/kW). The best bid was recorded as Rs 65,000/kW ($1,010/kW).
Simply over 453 megawatts capability was awarded beneath the RESCO mannequin the place the builders can be required to bear your entire undertaking price upfront. The electrical energy can be bought on the tariff quoted by the developer throughout public sale. As soon as the undertaking breaks even all income from the sale of electrical energy will really be developer’s revenue.
The bottom tariff bids obtained beneath the RESCO mannequin was Rs 2.20/kWh (3.4¢/kWh) for 11.2 megawatt capability within the Andaman & Nicobar Islands. The best bid was positioned for 9.6 megawatts capability within the state of Bihar at a tariff of Rs 4.59/kWh (7.1¢/kWh).
A number of the main names within the Indian solar energy market that participated within the public sale embrace ReNew Photo voltaic Energy, Mytrah Vitality and Azure Energy.
Beneath the each the fashions, undertaking builders would additionally obtain monetary incentives relying on the time taken to fee the tasks and their location; incentives will fluctuate from $116/kW to $700/kW.
