India Govt releases revised 3,000 MW of solar policy

The Union Ministry of New and Renewable Energy (MNRE), India has drafted revised guidelines for setting up 3,000 MW of solar PV projects in Tranche-I, under National Solar Mission (NSM) program, reports The Hindu.

They have cancelled the earlier proposed allocation of 1,500 MW under batch II of phase II on the wake of this revamped policy. The allocation process will commence in December.

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This 3,000 MW Solar PV projects will be applied by NVVN (NTPC Vidyut Vyapar Nigam) on Solar Parks, which will be developed through Central and State agencies association.

Of the 1,000 MW, around 250 MW capacity is kept aside for domestic content requirement bidding. Project size for individual bidding is decided at 50 MW and a single group can take five projects up to maximum.

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The power produced by these projects will be mixed with coal power and sold to utilities by NVVN. A reverse bidding process will finalize the tariff rate.

MNRE further plans to add more solar PV capacity of 15,000 MW in three tranches under Batch II of phase II of NSM. Under Tranche-I, it has planned to add 3,000 MW, while Tranche-II imagines addition of 5,000 MW. Tranche-III will see the program targeting 7,000 MW.

Sabeena Wahid
[email protected]