The Ministry of New and Renewable Energy (MNRE) has notified the new benchmark costs for grid-connected rooftop solar power projects for the financial year (FY) 2019-20.
The new benchmark costs will apply to all the implementing agencies which are involved in developing rooftop solar projects.
Last year, the ministry had notified the benchmark costs for the year in June. When compared to the last year, the new benchmark costs have been reduced by the government.
For instance, for projects with a capacity of above 1 kW and up to 10 kW, the benchmark cost has been set at ₹54 (~$ 0.79)/W. This benchmark cost has been reduced by ₹6 (~$0.08)/W when compared to the cost set in the previous fiscal in which such projects attracted a benchmark cost of ₹60 (~$0.878)/W. Last year’s cost, in turn, was ₹10 (~$0.1464)/W lower than the previous benchmark cost of ₹70 (~$1.0251)/W for rooftop solar PV projects up to 10 kW.
Similarly, for projects over 10 kW and up to 100 kW, the cost has been set at ₹48 (~$ 0.70)/W. The new benchmark cost is ₹7 (~$0.1)/W lower than the previous year’s benchmark cost.
Lastly, for projects over 100 kW and up to 500 kW, a benchmark cost of ₹45 (~$0.66)/W will be applicable. The new benchmark cost is ₹8 (~$0.11)/Wp lower than the benchmark cost of last year.
As per the MNRE’s new order, these rates will vary for states which come under the special category status, such as the northeastern states, Uttarakhand, Himachal Pradesh, Jammu and Kashmir, and union territories of Andaman & Nicobar Islands and Lakshadweep. For these states and UTs, the benchmark cost for projects above 1 kW is ₹59 (~$0.86)/W and ₹53 (~$0.77)/W for those above 10 kW and up to 100 kW. For solar power projects above 100 kW and up to 500 kW, the benchmark cost applicable will be ₹50 (~$0.73)/W.
Last month, Mercom reported the benchmark tariffs and capital costs for solar power projects issued by Uttarakhand Electricity Regulatory Commission.
Image credit: Oleg Savitsky [CC BY-SA 4.0]
Anjana is a news editor at Mercom India. Before joining Mercom, she held roles of senior editor, district correspondent, and sub-editor for The Times of India, Biospectrum and The Sunday Guardian. Before that, she worked at the Deccan Herald and the Asianlite as chief sub-editor and news editor. She has also contributed to The Quint, Hindustan Times, The New Indian Express, Reader’s Digest (UK edition), IndiaSe (Singapore-based magazine) and Asiaville. Anjana holds a Master’s degree in Geography from North Bengal University, and a diploma in mass communication and journalism from Guru Ghasidas University, Bhopal.