Solar Power Price Per Unit In India

India s solar power tariff hit a new low of rs2 44 per unit on friday at the auction of 500 megawatt mw of capacity at the bhadla solar park in rajasthan.

Solar power price per unit in india.

If the cost per unit is more then the cost recovery will be faster. According to the analysis the required investments in electricity generation capacities are going to be substantial at about rs 1 65 1 75 lakh crore per year. Solar power cost will fall to rs 1 9 per unit in india by 2030. February 13 2019 12 10 ist.

When the national solar mission was launched in 2010 the cost of solar power was inr 17 per unit in comparison to a latest bid of inr 2 44 per unit. Of india mnre latest guidelines state that now anyone can generate electricity through solar power system and surplus electricity can be export through net metering system. Tata solar power is india s premier iso 9001 2008 and iso 14001 2004 certified integrated cell and solar panel module manufacturing unit. Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces.

The journey of the country to become the 5 th largest solar installer in the world has been made possible by setting of aggressive targets and implementation of policies through streamlined efforts. Winning tariffs rose to rs 3 48 3 55 per unit in the latest solar auction for. Here is a quick video that can guide you on. Solar power tariffs in the latest auction have risen by more than one rupee above the record low of rs 2 44 per unit which industry insiders say reflected the bidders concern about land acquisition in uttar pradesh which offered the projects and doubts about getting timely payments from utilities in the state.

Solar power tariffs in india plunged to a record low of 2 44 per unit in july but the lowest bid in recent times was at 2 9 a unit. The installation of net metering at the site will connect it to grid via state. Bloomberg india all set to introduce cap on. At rs 7 per unit you will recover the cost of the project in 8 years without subsidy and in 5 years with 30 subsidy.