RAJASTHAN RE-RELEASES ITS REQUEST FOR SELECTION OF SOLAR PROJECTS: 200MW OF FIT BASED PROJECTS
Ratnottama Sengupta covers policies as a consultant in the Market Intelligence team at BRIDGE TO INDIA.
The Indian solar market again has immediate opportunities to set up projects under a feed-in-tariff based state policy. The Rajasthan Renewable Energy Corporation Limited (RRECL) has reopened its request for selection (RfS) for a 100MW of solar photovoltaic (PV) projects and 100MW of concentrated solar power (CSP) projects under the Rajasthan Solar Policy. These projects will be allotted through a process of competitive bidding. The winning bidder will be one who offers the highest discount upon the RRECL’s benchmark solar tariff of INR 8.42 (EUR 0.13)/KWh. A feed-in-tariff will be paid to the winning bidder for 25 years.
The PPA under the Rajasthan Solar Policy will be signed between the Project developer and the State nodal agency, RRECL
200MW of PV and CSP projects
First FiT based projects since February 2012