The power generated by this project will be sold through long-term power purchase agreements (PPAs) to commercial and industrial customers.
The project is one among 300 odd projects worth Rs 65,000 crore including solar parks to be launched during a ground breaking ceremony in Kanpur later this month.
The National Solar Energy Federation Of India says the recent decision to exclude commercial and industrial premises, as well as public buildings, from self consumption remuneration unfairly penalizes businesses and public bodies which have gone down the solar path.
India is set to add renewable energy capacity of 15,860 MW in 2019, a leap of 50% on the 10,560 MW installed last year. Around 70% – 10,902 MW – of the new capacity will come from utility-scale solar projects, according to Bridge To India analysts.
The Uttar Pradesh Government is looking for private investment worth Rs 55 billion (UD$809 million) for the proposed Bundelkhand Green Energy Corridor, which is expected to generate 4 GW of solar power.
The lowest solar tariff, of Rs3.17 per unit, was quoted by the NTPC utility and Maheshwari Mining and Energy, for 140 MW and 20 MW of grid connected PV capacity, respectively.
The Solar Corporation of India (SECI) has extended bids for a 150 MW floating solar tender in Uttar Pradesh; and for a 2 MW PV plant coupled with 1 MW of storage in Himachal Pradesh.
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