India is one of the fastest growing Solar PV Projects market in the world. A large number of projects were allocated under the PPA (Power Purchase Agreement) mechanism in 2010-2011. A lot of projects have come online and many are about to be commissioned.
These projects had been allocated in 2010 under National and State level schemes like JNNSM (Jawaharlal Nehru National Solar Mission) Phase I Part I and Gujarat Solar Policy 2009 (Phase I and Phase II). Recently National Solar Mission Phase I Part II allocated 350 MW of new projects. The developers were shortlisted this month.
Rajasthan has also started the process of allocating and shortlisting developers for 100 MW of Solar PV Projects along with 100 MW Solar Thermal. Next opportunity of investment in Solar sector in India will be the project allocations under Phase III of Gujarat Solar Policy. The draft tariff order was released some time back and a final version will be announced soon.
The tariff envisaged in the draft order is much higher than the national bidding prices which went as low as 30 percent below the international average. Headway Solar (P) Ltd. has brought out a "Guide to Investing in Gujarat Solar PV Projects under Phase III allocations – 2012". The data is currently based on the draft tariff order and will be applicable to some changes as per the final tariff order. The guide may be downloaded from the following link.
The guide covers technical, policy and finance related basic aspects of Gujarat Solar Investment and will be beneficial to all the developers who are planning to invest in Solar Power plants in India.
