fbpx

Tag - renewable energy in india

What is the cost of 1 kWh solar system in India?

high quality array costruction

10 KWp SolarOcta Solar power plant , setup at an institutional premises.


Cost of 1 Kw 
solar power plant in India ranges in cost from ₹50,000 to ₹120,000 depending on components used.
To Explain Further,

In simple terms, it’s like buying a bike, you can get a hero cd dawn which costs 39k or you can buy a high class premium bike like royal enfield classic which costs ₹ 1.45 lakh.

it all comes down to functionality of the SPV system.

components can be divided as economy brands & premium brands.

economy brands comprising of manufacturers of panels & inverters, companies which are less than 5 yrs old (Indian & international make)

premium brands – of components, with presence in continents

eg – Chinese , German & Japanese make

with facilities existing for more than 10 years.

Any type of system you opt would deliver 1 Kwp of power when commissioned for live power generation, but in the end it all boils down to your choice,

you either buy a samsung mobile phone or an iphone, basic function of it is to make a call.

Solar rooftop canopy

this is an Economy budget, under construction – 5 KWp solar PV power plant.

In my opinion, one should opt for best configuration of Solar panels, Inverters, cables & mounting structure, for once it is fixed on your rooftop or landmark, the system carries a 25 year + age for power generation & you will get the return for your investment in maximum of 5-6 years no matter how expensive brands you opt for, and after those 5 years, the system is basically generating you money while being parked on your rooftop.

Cost of 1KW Solar Power Plant system can be split as

Solar Photovoltaic Panels (mono/poly crystalline)

range ₹25 to ₹55 per Watt.

(here the cost can also go upwards till ₹150/watt, depending on the technology you opt, HIT, PERC, N/P type, BIPV, cdte Etc)

Solar inverter – 3 types

1.Grid tie – ₹6 to ₹10 per watt.

2.Off grid – ₹9 to ₹14 per watt.

3.hybrid inverter – ₹10 to ₹15 per watt

BOS of SPV system –

Cables – ₹7 to ₹8 per watt

mounting frames – you can play with custom aesthetically pleasing designs for Mounting your Solar panels to harness sunlight, provide shade & also increase the appeal of your installation.

cost ranges from ₹7 – ₹10 to ₹ your desired design.

In the end i would like to tell you a secret about Solar EPC industry,

Don’t just opt for a solar power plant installation based on the lowest cost fot installation,

this is the future, & you are investing a good amount of money in it, learn about it, ask a lot of questions & choose for your self, because it’s your asset you are buying,

so instead of settling for a hero bike, better buy a moto gp Ducati bike, even if you don’t have the money to buy one, loans are easy for Solar installation.

and the reason that your loan would be paid of in under 6 years from your energy bill savings, so it’s better to buy the best money can buy in this Solar sector.

We Love to teach people about  Sustainable development & the future of clean technologies, With 100% Sure Returns Far Far Greater in Terms of Monetary Aspects, than any other Stocks, Mutual Funds, FD’s , Take into Account the Independence from Utility Power & Environmental impact of your Actions.

If you are curious to learn more, Comment Down Below to Engage in a Discussion for your Clean Power Investment.
Like/Share/ Spread The word to Solar Energy Enthusiasts, Become a Part Of our Facebook Community.

SolarOcta Energy Services LLP  Begun It’s Journey in 7th semester of college to bring Solar utility products & services that were not offered in India, thus we offer complete solutions for anyone & everyone to take everyone aboard the Electric future shift.

Read more...

India Increases 2022 Renewable Energy Target to 227 Gigawatts !

India set what seemed like a lofty target of 175 gigawatts of wind and solar energy by March 2022. Few believed that was a practical target, but then India plowed forward and happily impressed the world. This week that Renewable energy target was increased to 227 gigawatts!

Currently, India has added a little more than 70 gigawatts of that goal. Assessing the progress to date on a linear scale, the trend would seem to indicate the country is behind. However, renewable energy growth is not linear.

SolarOcta Energy Services A Siemens SPV plant .

For a few years, renewable energy prices in India were rather high due to high finance costs. Now that those finance costs have come down substantially, renewable energy investment is accelerating. In a recent statement to the media, the Ministry of New and Renewable Energy (MNRE) wrote, “New opportunities have emerged — altogether a new business space has been created. Indian companies have begun to explore foreign stock exchanges as a source of funds. India is progressively becoming a most favored destination for investment in renewables.”

Of course, global prices for renewable energy have continued to drop as well, allowing this goal to be increased. R K Singh, Union Minister of State for Power and New & Renewable Energy, recently stated at a press conference, “India’s current renewable-based power capacity stands at 70 Gw, and we will cross the 175-Gw target well before 2022. We have new schemes like offshore wind, floating solar, which will help us over-achieve the current target.”

Should India reach this new goal, it will be only behind China and the US in terms of installed renewable energy capacity. This increased goal is perfect timing as it is expected that renewable energy growth in China may contract this year due to lower subsidies.

Energy demand in India continues to grow and renewable energy is allowing that demand to be met at the best price possible. Unfortunately, India continues to add thermal (fossil fuel) power each year, but the good news is its utilization is decreasing. With the old renewable energy target, thermal power plant utilization was expected to be 57%; with the new target, it stands to reason that will drop even further.

The Indian government is going all out to ensure renewable energy is integrated into the national grid and curtailments are minimized. According to the ministry, “We have waived the Inter State Transmission System charges and losses for inter-state sale of solar and wind power for projects to be commissioned by March 2022. This will encourage setting up of the projects in states that have greater resource potential and availability of suitable land.”

Every country can expect to benefit from this drastic investment in renewable energy target by India. Their additions will continue to drive down the cost of renewables. Consequently, we can expect to see more fossil fuel power plants across the world stranded. While it is sad to see that the current US government is taking a step backwards in regards to renewable energy, actions by countries like India can help pick up the slack. When the US political climate changes, renewable energy prices will be substantially lower and we can get on with the transition at a feverous pace.

Read more...
Save Money With Solar
close slider

Save Money With Solar