HFE will install 38 MW of solar PV projects in Madhya Pradesh, having won the contracts under the Indian states 300 MW auction, announced this year. "The difference in the tariff quoted by HFE in this bid and the lowest tariff is approximately INR 0.59," said HFE in a statement released.
The company has also been awarded rooftop projects across five Indian states Haryana, Punjab, Tamilnadu, Maharashtra and Karnataka under the Solar Energy Corporation of Indias (SECIs) rooftop solar scheme. "This win will take us closer to our target of becoming one of the leading rooftop players in the country," continued HFE.
SECI is tasked with implementing large-scale, grid connected PV rooftop plants supported by a 30% subsidy from the National Clean Energy Fund (NCEF). Currently, three project phases have seen around 19 MW installed across 16 Indian cities. Phase four is underway, with over 14 MW already having been installed.
Across the country, around 350 MW of rooftop PV has been installed to date under various schemes. According to Bridge to India, by 2019, this figure will reach around 4 GW. Of this, the consultancy firm sees 50% of demand coming from industrial consumers, 30% from residential consumers and 20% from commercial consumers.
Rooftop solar in India is said to be becoming increasingly competitive, with grid parity for commercial and industrial consumers already having been reached in 12 states. To date, grid parity has not been reached anywhere in India for residential consumers.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.