Spread over 300 acres, the independent power project is projected to be operational in 18-24 months
With a planned production of nearly 1,200 GWh per year, these solar PV projects will generate the energy required to meet the annual electricity needs of 1.1 million Indian households
The government has dropped its plan to install 12GW of solar capacity out of total 15 GW envisaged through state-owned NTPC as solar tariff dipped recently, Parliament was informed Thursday. Earlier, the government had planned to install 15 GW of solar energy capacity through NTPC, which was to be bundled with thermal power supply to specific states. The power company has already completed auction of 3GW capacity out which 2.75GW is installed and 0.25GW is under construction. "Since the solar power price has fallen recently, it is not proposed to take up Tranche II (5GW) and III (7GW)," said Power and New & Renewable Energy Minister R K Singh in a written reply to the Lok Sabha. Ministry of New & Renewable Energy had issued the guidelines for selection of 3,000 MW of Solar PV Capacity (i e identified quantum of Tranche-I) in March 2015. Under the scheme, it was envisaged that the then costlier solar power will be bundled with cheaper thermal power, so as to supply combined ...
Cost of solar panel has touched as low as 28-20 cents per unit in the global market, especially China
The world's largest operating utility-scale solar projects are concentrated in China and India, according to IEEFA