Lowest residential rooftop solar installations in Delhi cost revealed
The Indraprastha Power Generation Company (IPGCL) has revealed the lowest bidding quoted for the residential rooftop solar installation projects under the capital expenditure (CAPEX) model of B and F. The tender was floated in February 2020 for the complete Engineering, Procurement, Installation, and Commissioning of solar PV systems in the national capital.
These on-grid systems will range between 1 kW – 10 kW and 10 kW – 500 kW. The contract will be valid for 5 years under the CAPEX investment model. A total of 30 MW project has been planned with 12 MW under CAPEX and 12 MW under RESCO and 6 MW under open category.
The CAPEX model is projected to cost Rs. 32,400/kW. The costs include structure and solar PV system costs. Additional costs to be incurred per height meter. With subsidies for grid-connected solar PV systems from 1 – 10 kW priced down to Rs 22,200, solar system integrators in Punjab complained the lowest price in Delhi to be high.
PM Modi encourages local solar component manufacturing
In a meeting with the Ministry of New and Renewable Energy (MNRE) and Ministry of Power (MoP), Prime Minister Narendra Modi highlighted the importance of manufacturing solar components to solarize the agricultural sector and boost rooftop solar installations.
He has highlighted that the complete supply chain for agricultural sectors ranging from solar water pumps to decentralized solar cold storage requires a holistic approach. He encourages every state to work towards building one solarized city which could either be state capital or a tourist destination that could be solely powered by rooftop solar power. He also encouraged the country members to collectively boost its production of ingots, solar cells, modules, and wafers to generate employment opportunities.
To accomplish these goals, the power sector must enhance its customer satisfaction, operational efficiency, and improve financial sustainability. He has requested the Ministry to abolish uniform policies and rather offer state-specific solutions for each state to incentivize and increase participation.
Bihar adopts low tariff rates for 450 MW solar power
The Bihar Electricity Regulatory Commission (BERC) has adopted tariffs of Rs. 2.60/kWh and Rs. 2.44/kWh to procure 300 MW and 150 MW of solar power from NTPC and the Solar Energy Corporation of India Limited (SECI). The Commission has confirmed that the proposed tariff rates are competitive and priced according to market standards.
On behalf of North Bihar Power Distribution Company Limited (NBPDCL) and South Bihar Power Distribution Company Limited (SBPDCL), Bihar State Power Holding Company Limited (BSPHCL) filed two petitions to procure power on a long-term basis. They have also requested the Commission to accept the delayed petition filing of 300 MW solar power from NTPC. The state power company had proposed to procure solar power for NTPC and SECI on a long-term basis for 25 years.
Experts talk about solar technologies that can convert rooftop solar into appreciating assets
With only 10% of the rooftop solar target for December 2020 is achieved, the stakeholders discussed a range of aspects that are affecting the slow growth through a webinar. The rooftop market saw a steep decline of 33% in 2019 and with the pandemic hit in 2020, we will not be seeing any positive developments soon. Experts predict that the segment is bound to become a choice for all residential, commercial, and industrial consumers in the future despite the struggle.
Mr. Rohit from REC spoke about the heterojunction technology (HJT) panels that are 30% more efficient than conventional panels. With the panel prices falling and the efficiency rising, Mr. Rohit stated the importance of phasing out subsidies to incentivize consumers. With subsidized rooftop solar installations in place, many consumers lower their utility costs leading to asset appreciation.
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