Scaling Up Solar in India

[jpak]

http://www.renewableenergyworld.com/rea/news/story?id=51685

At the moment India has an installed capacity of only about 3 megawatts (MW) of grid-tied solar electricity, but Moser Baer PV (MBPV) has plans to change that.

The company, a relatively new entrant in the solar photovoltaic (PV) market, has recently announced a series of new initiatives. These include setting up India's largest grid-connected solar farm in the sunshine abundant state of Rajasthan, and increasing production capacities.

MBPV announced that it had partnered with the Rajasthan Renewable Energy Corporation (RREC) to set up a solar farm of 1-5 MW capacity in the state. At US $4.5 million per MW, the total investment for this farm will be US $25 million.

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The government of India has announced subsidy plans of US $750/KW for installed capacity of residential or commercial use, with a maximum of US $1,250/household. For community and institutional use the subsidy is higher, at US $1,250/KW. The government has also announced feed-in-tariffs of up to US $0.30 per unit (KWh). This is up to 75% of the generation costs of PV, which range between US $0.38 to $0.75 per unit.

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