The vertically integrated factory, located in the Dholera Special Industrial Region, will produce 2 GW of mono PERC solar cells and modules annually. Production is expected to start from the next fiscal year.
The U.S. Trade and Development Agency (USTDA) is funding the 300MW wind-solar-storage project as part of its mission to promote sustainable infrastructure projects in partner countries like India.
The integrated power producer will sell solar power from the Gujarat plant to its licensed distribution business unit at an INR 2.22/kWh tariff.
Gujarat tops the list of Indian states with respect to installed solar rooftop capacity, as it has already achieved around 40 percent of its allotted target. The persisting pandemic has slowed down the pace of capacity addition but policy incentives like SURYA- Gujarat are paving way towards Gujarat’s clean energy transition.
The Indian developer has followed up the commissioning of a 110 MW solar plant in Rajasthan earlier this month with a 105 MW PV farm in Gujarat. The Gujarat plant will supply electricity to state Discom Gujarat Urja Vikas Nigam Limited (GUVNL) at a tariff of INR 2.68/kWh (US$0.036/kWh).
The Gujarat State Electricity Corporation Limited (GSECL) has floated two separate tenders inviting bids to set up an aggregate 112 MW of grid-connected PV capacity across GETCO substations and 200 MW in Dholera Solar Park, respectively.
Bidders have until April 15 to lodge their interest in the grid-connected solar project, which must be commissioned within a year from the award of contract. Operation and maintenance of the plant for five years also falls under the bidder’s scope.
JMK Research analysts attribute the comparatively lower tariffs to good ratings of the Gujarat State Discom Gujarat Urja Vikas Nigam Limited, choice of project location for developers, and anticipation that mono PERC module prices would fall 10-15% by 2022.
The Vadodara-based engineering, procurement and construction (EPC) contractor has been awarded a 20 MW grid-connected solar project by Gujarat State Electricity Corporation Limited (GSECL).
With non-solar park auction yielding a much lower tariff of INR 1.99/kWh, the Gujarat Urja Vikas Nigam Limited (GUVNL) has retendered the capacities for fresh tariff discovery. Bidding closes on April 12.
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