Falling solar prices: Boon or Pain
January 01 1970
Solar has been making headlines as PPA rates are reaching parity with conventional fuels. The industry raised eyebrows in 2015, when a tender by NTPC for solar fetched a bid of Rs.4.63 kWh, the lowest bid in the history of the sector. However, it couldn’t retain the position of being the most lucrative tariff, 2016 opened with a tariff of Rs.4.34/unit. The bid was by Fortum India for 70 MW project in Rajasthan. The industry started off from Rs.18/kWh and has now reached the above levels. Dumping of low cost solar panels, which constitutes a major chunk of the solar project cost, is the major reason attributed to this downturn of prices, is the Government coming up with tenders, bidders bidding the lowest price and the government over achieving its annual targets. Glossy right? ...
Continue readingHow solar can help you reduce your electricity costs
January 01 1970
After the era of computers, the era of solar is here. The shining sector is on the rise with ambitious targets and policies driven to make those ambitions a reality. A lot of capital is coming in for solar projects through various investors and as well as government. Solar is not just for industries and commercial consumers, but for residential consumers too. The initial mist of high cost of generation is now coming off with time. The tariff has decreased by more than 60 %. No-one ever thought that solar tariff will touch Rs.4 mark and make itself viable to the world, but it is happening none the less. ...
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