The Solar Energy Corporation of India, on behalf of the Ministry of New and Renewable Energy (MNRE), has invited bids to develop 97.5 MW of grid-connected solar projects on the vacant roofs of government-owned buildings.
The tendered capacity includes both CAPEX (capital expenditures provided by the rooftop owner) and RESCO (capital expenditures covered by the installer) projects.
The total capacity under CAPEX model is 12.5 MW, which is divided into blocks of 10 MW and 2.5 MW (for new entrepreneurs). For 10 MW, bid capacity is 100 kW minimum and 1 MW maximum. For 2.5 MW, bid capacity is 50 kW minimum and 250 kW maximum.
For 85 MW RESCO projects, bid capacity is 1 MW minimum and 10 MW maximum.
Bids for CAPEX-mode 10 MW and RESCO-mode 85 MW can also be combined together. However, in such a case, bidders can apply for a maximum capacity of 11 MW.
The bidding—both for CAPEX and RESCO models—is divided into General State and Special State categories. Special-category states/UTs/islands include Uttarakhand, Himachal Pradesh, Jammu & Kashmir, Lakshadweep, Andaman & Nicobar Islands, and North Eastern states including Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura.
For RESCO projects, maximum allowable fixed tariff is Rs3.5/kWh, Rs3.64 or Rs3.95 (depending on the zone) for general category states, and Rs2.5/kWh for special category states and UTs.
Project completion period is 9 months (from the date of Letter of Award) for General Category States and 12 months for special category states/UTs.
Incentives are available for achievement vis-à-vis target allocation. For general category states, the applicable incentives are Rs12,000/kW for 80% and above achievement within the sanctioned period, Rs7200 below 80% and up to 50% (including 50%) and Rs4800 below 50% and above 40% (including 40%).
For special category states and UTs, the incentives are Rs 31,800/kW for 80% and above achievement, Rs 19,080 per kW for 80% and up to 50%, and Rs 12,720 below 50% and above 40% (including 40%).