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Showing posts from February, 2018

How to get a Solar Plant without investing your own capital?

Indian Government’s continued efforts to boost renewable energy capacity of India has significantly increased India’s solar capacity from 9 GW in Dec 2016 to 18.4 GW by Jan 2018. As per Jawaharlal Nehru National Solar Mission (JNNSM), government has set up a target of 100 GW solar capacity by 2022. This has attracted Indian as well as international investors to Indian solar market.
Currently, consumers can get a solar plant on their rooftop either by investing their own money or by asking a solar developer to set up a third party owned solar plant. As the initial investment required to set up a solar plant is very high, (₹43,000 – ₹48,000 per kW for large plants and ₹50,000 – ₹55,000 per kW for smaller plants) most of the rooftop owners are reluctant to put their money. For consumers with large rooftop area and high electricity tariff, solar companies have come up with a model to install third party owned solar plants on the rooftop of such consumers. This is commonly known as OPEX(Ope…