Q. What is the process of getting RECs?
RECs can be availed by any project meeting the eligibility criteria specified by Central Electricity Regulatory Authority (CERC) by following the below mentioned steps:
- Accrediatition by State Agency
- Registration by Central Agency
- Issuance of REC by Central Agency
- Redemption of RECs
Q. What is Grid Parity?
When the levelized cost of power production from an alternative source of energy like solar becomes equal to or more than the power supplied from the grid, the energy source is considered to reach grid parity. Today solar is on its way to reach grid parity. The kind of fall observed in prices of photovoltaic module recently clearly suggest the lowering of capital cost investment in this sector thereby reducing the capital cost of project.
Q. What makes a solar power project bankable?
Following areas specify the proven bankability of solar projects in India:
- Feasibility of technology in terms of presence on practical grounds, capital cost and associated R & D
- Highly experienced EPC players
- Politically and industrially backed solar policies offering attractive tariffs
- Credible weather data availability
- Assurance from concerned bodies for abiding by the rules of PPAs signed
Q. What is the procedure to claim solar subsidy?
For claiming subsidy under "MNRE off-grid and other application scheme" two set of complete and duly signed application forms need to be submitted to State Renewable Nodal Agency. From State level the application will be proceeded to central level for final approval from PAC (Project Approval Committee). The application forms are available for download at official website of MNRE. Before this the project proponent needs to appoint a consultant for proper pre-feasibility study of the proposed project. The findings of this study is required at various stages of application form filling. Once the project gets approval, funding can be claimed through a nationalised which has already got affiliation from IREDA, which has been designated as central official body for managing funds granted under this scheme.
Q. Can I use solar power for my home?
Solar systems can be used to fulfil even smallest capacity power requirements because of the flexible sizes in which solar photovoltaic panels are available these day. Since a household system is typically an off-grid, one can avail the capital subsidy benefits of a MNRE scheme also. This reduces the capital cost of the system straight away by 30% along with the tax saving benefit in form of 80% accelerated depreciation
Q. Which all solar projects can avail benefit of 80% accelerated depreciation
Following are the type of solar systems falling under the category of availing 80% accelerated depreciation benefits:
- Grid connected solar power plants having PPAs where this clause is especially mentioned as in the case of Gujarat Solar Policy
- Grid connected solar power plants who have signed PPAs with NVVN with special discretion of availing this benefit which further leads to drop in the preferential tariff
- Solar systems used for captive consumption
- Solar off-grid systems with battery back-up.
Q. What is the difference between module efficiency and plant PLF?
Efficiency of the module represents the amount of solar energy produced by the module when sunlight falls on defined area. Its largely quantified by the quality of characteristics of material use in module. While the Plant Load Factor is characteristic feature of the power produced by large scale power plants and is quantified by the availability of source of energy. In case of solar, on an average sunlight is available for 8 hours a day and the PLF ranges between 16-20% with a simple crystalline PV technology.
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- 14 Dec.: Anmol Jaggi speaks on Bankability of Solar Power in India at Intersolar
- 14-16 Dec.: Join us at Stand No. 6482 at Intersolar at Bombay Exhibition Centre