India has a very large power system with a total installed capacity of 258 GW. The Typical demand on the grid varies throughout the day peaking once in the morning around 125 GW and once in the evening around 135-140 GW. The intra day variation can be seen from the graph below. (more…)
This past month we reported how the REWA Ultra Mega Solar Park has been developed to attract the best bids and also how the reverse auction results for this 750 MW plant have broken the Rs. 3 barrier. But this story has many more facets that need to be spoken about such as the Rs. 300 crore+ reduction in DMRC’s electricity bill. We have pulled together this info-graphic that illustrates just how ground breaking this story is in the history of solar power.
Rs. 2.97/ unit
Something amazing just happened in the Indian Solar Industry. A couple weeks ago Sunkalp Energy had reported how the REWA Solar Park was developed to attract competitive bids. The bid results that were declared on Friday morning did not disappoint. For the first time, the bid solar tariff has breached the magic Rs. 3/unit number, and this without any subsidies or incentives. While aggressive tariff is ofcourse as a result of stellar off-takers and large capacity which improed bankablity, this is truly a success story for the resilient Indian solar industry. The bid results are testament to the fact that the solar industry can now survive without incentives and subsidies.
Summary of REWA Solar Park Bid Results:
The winning bidders along with their quotes are as below:
- Mahindra Renewables Pvt. Ltd: Rs 2.979 per kWh
- Acme Solar Holdings Pvt. Ltd: Rs 2.97 per kWh
- Solenergi Power Pvt. Ltd (Sweden): Rs 2.974 per kWh
Each of the bidders have won contracts to build 250MW plants each.
Records Broken by the REWA Solar Park:
Big Day! Our finance minister Arun Jaitly announced the much awaited Budget 2017 today. Here are the key takeaways from the Budget 2017 that affect the solar industry directly or indirectly.
1. 7000 Railway Stations to go Solar in the Medium Term
This is the first time that the railway budget has been merged with the Union Budget. Mr. Jaitly announced that a proof of concept with solar power has already been done with 200 railway stations and now 7000 railway stations will be converted to solar in the medium term.
Cheshire Homes- Delhi Unit is a charitable organization that takes care of differently abled people since 1957. The moment you enter the premises you feel the good vibes resulting from such positive work. This summer, Cheshire Homes again did their bit towards saving humanity. They installed a solar power plant that offsets almost half their electricity consumption.
In the process, the promoters and administrators, Mrs. Meera Pradeep Singh, Maj. Gen. Krishna and Mr. Prabhat Krishna, have made sure that the home will not be in want for funds for their electricity bills for at least 25 years. Sunkalp Energy congratulates Cheshire Homes Delhi Unit on their achievement!
See specs of the solar plant below.