MNRE Brings Out Guidelines To Implement Off-Grid Solar PV Plants Scheme

- Advertisement -
  • Plants will be eligible for central financial assistance (CFA), provided by MNRE, at 90 percent of the benchmark cost
  • The scheme is applicable only to the northeastern states for the installation of off-grid solar PV plants through RESCO mode with central financial assistance (CFA) of 90 per cent of the benchmark cost of the system

The ministry of new and renewable energy (MNRE) has taken out new fresh guidelines for the implementation of off-grid solar power plants under the RESCO and PPA mode. It is in reference to the ministry’s earlier order where it had extended the off-grid and decentralised solar photovoltaic (PV) applications program Phase-III, till 31st March 2021.

As per the guidelines, off-grid solar power plants of individual size up to 25 kW can be installed in areas where grid power has not reached or is not reliable under phase-III of the program. The scheme is applicable only to the northeastern states for the installation of off-grid solar PV plants through RESCO mode with central financial assistance (CFA) of 90 per cent of the benchmark cost of the system.

Reduce the financial burden to a significant level

- Advertisement -

A key feature of the off-grid solar PV system under the program is that the plants will be eligible for central financial assistance (CFA), provided by MNRE, at 90 percent of the benchmark cost. This aims to reduce the financial burden to a significant level as it is otherwise very high in per-unit terms due to the smaller size of plants and investment in storage batteries.

Under the RESCO model, MNRE proposed that the vendor would install and operate the solar power plant of capacity up to 10 kWp for at least 10 years and solar PV plants of capacity above 10 kWp for at least 15 years. It also said that solar power plants would be installed by the RESCO on build- own-operate-transfer basis.

The ministry also said that if the power producer fails to supply daily minimum guaranteed power (DMGP) or power required by the beneficiary, the developer would be liable to pay penalty for the units supplied less than the DMGP at a rate specified in the PPA. It added that the penalty could be two times the rate at which power is supplied by the developer to the beneficiary.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

5G Chipset Market to Hit $92.09B by 2030

0
Reports indicate that the global next-gen wireless processor market is on track to surpass the $100 billion mark in the coming decade. The 5G chipset...
Gursaurabh Singh, Founder of Dhruv Vidyut

“Electrifying Rural Mobility- Converting Traditional Bicycles Into E-Bikes”

0
In a conversation with Nitisha Dubey from EFY, Gursaurabh Singh, the Founder of Dhruv Vidyut, discusses their conversion kit, which can transform any conventional...
Rahul Bollini, the Founder of Bollini Energy

“Formal Contracts For Long-Term Commitments Are Not Always Necessary”

0
Bollini Energy collaborates with various companies interested in understanding the complete value chain of Lithium-ion cells. They offer technical services that span from mining...

Buzz

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Important Sectors

Government Expands Electronics Manufacturing, Doubles Output

0
Ashwini Vaishnaw emphasises government efforts to expand electronics manufacturing, aiming to double production and employment in five years, alongside implementing the DPDP Act. India's electrical...

Assam To See 1000 MW Solar Power Project Shortly

0
The Chief Minister of Assam announced that the construction of the Karbi Anglong solar power project will begin soon.  Himanta Biswa Sarma, the Chief Minister,...

TIER IV And Suzuki Partner For Autonomous Driving In Japan

0
Tier IV, a pioneer in developing Autoware, the first open-source software for autonomous driving in the world, has formed a business alliance with Suzuki...

Mahindra Group Pursues Global Partnerships For EV Expansion

0
Mahindra Group seeks global partners for local battery cell production to meet rising electric vehicle demand and plans to list Mahindra Electric Automobile Ltd...

Essar Plans $3.5B Green Hydrogen Plant In Gujarat

0
The Mumbai-based metals-to-infrastructure conglomerate has planned an investment of Rs.30,000 crores in a green hydrogen plant. The company says this will boost its business...

Manufacturing

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...

Schaeffler And Symbio JV Innoplate Starts Fuel Cell Plate Production

0
Starting with an initial production capacity of 4 million bipolar plates, the Innoplate joint venture is projected to achieve an annual output of 50...

Tesla Pushes Suppliers To Source Parts Beyond Taiwan And China

0
China and Taiwan are major global producers of essential electronics parts and components. Tesla has requested that its suppliers move the production of components and...

Uno Minda Shines With Increased Content Per Car And EV Focus

0
Uno Minda, a key player in the auto parts industry, has demonstrated significant revenue growth, surpassing industry averages by more than double over the...