Solar Power Price Per Unit In India

Solar power cost will fall to rs 1 9 per unit in india by 2030.

Solar power price per unit in india.

During an auction conducted last week by the state run solar energy corporation of india seci for 1 000 megawatts mw of wind power installations tariffs fell to a new low of rs2 64 per unit. Today anyone can set up a solar power plant with a capacity of 1kw to 1mw on your land or rooftop spaces. The installation of net metering at the site will connect it to grid via state. Here is a quick video that can guide you on.

Tata solar power is india s premier iso 9001 2008 and iso 14001 2004 certified integrated cell and solar panel module manufacturing unit. You can visit mnre website for a calculator to check the roi for a roof top solar system for each state. Tata solar panel module manufacturing unit have an in house production capacity of 400 mw for solar panels modules. 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.

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. 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. If the cost per unit is more then the cost recovery will be faster. 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.

Bloomberg india all set to introduce cap on. February 13 2019 12 10 ist. 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. 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.