Solar Energy Corporation of India approves 11 MW of rooftop PV projects
The Solar Energy Corporation of India (SECI) has approved bids to build 11 MW of rooftop solar photovoltaic (PV) projects in six urban areas across the nation, in a second round of solicitations.
The 25 winning projects are 250 kW to 1 MW in size, with all but three 500 kW or smaller. Developers were chosen by lowest bid, and will build the plants at INR 58-90 (USD 0.90-1.40) per watt.
RESolve Energy Consultants (Chennai, India) notes that despite the relatively small size of the projects, winning bidders included some of the larger Indian developers.“It is interesting to note that with the sector slowing down for a bit with the lack of projects coming up under the state solar policies, some of the bigger project developers such as Azure Power, Welspun and Lanco have opted to bid for rooftop projects so as to maintain a consistent project pipeline.
“Other developers such as M&B Switchgears who setup one of the largest REC based solar projects in the country has also won allocations. Developers such as Chemtrols and Jakson aren’t new either, they have been previously awarded projects under the JNNSM Batch 1. This suggests that the big name players are bullish about the rooftop segment in the country which is set to grow tremendously over the course of the next few years.
COURTESY: REsolve Consultants