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Incentives for Solar Developers:Generation Based Incentives
 

Incentives for Solar Developers:Generation Based Incentives

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Discusiion on incentives available to developers of solar power projects in India.

Discusiion on incentives available to developers of solar power projects in India.

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    Incentives for Solar Developers:Generation Based Incentives Incentives for Solar Developers:Generation Based Incentives Presentation Transcript

    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI)
      • The key attributes of the GBI scheme are:
      • Eligibility: Any project that is commissioned after 31st December, 2009
      • A maximum incentive with a 5% reduction and ceiling of Rs. 11.40 per kWh.
      • The generation-based incentive will continue to decrease as and when the utility signs a PPA for power purchase at a higher rate.
    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI)
      • Grid interactive solar power generation under the GBI scheme
      • The high cost of solar PV equipment results in a higher cost of
      • generation, which restricts the growth of power generation through
      • solar PV.
      • MNRE has decided to support large-sized grid interactive solar power
      • generation projects as demonstration projects. The Ministry recently
      • announced a Generation Based Incentive (GBI) scheme to support a
      • total capacity of 50 MWp from 2007 to 2012.
    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI):
      • The key attributes of the GBI scheme are:
      • Solar PV power generation plants of a minimum installed capacity of 1 MWp per plant; either a single unit or modular units at a single location will be eligible for generation based incentive.
      • However, 1 MWp capacity may be setup through modular units at a single location.
    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI)
      • The key attributes of the GBI scheme are:
      • The GBI scheme guarantees an overall tariff of Rs. 15
      • per kWh for solar PV,
      • Which consists of GBI (GBI is a much higher component
      • than the tariff offered by the state government) and the
      • preferential tariff offered by the state utility.
    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI)
      • The key attributes of the GBI scheme are:
      • (i) Utilities would offer rates as per tariff order or equal to highest rate
      • offered by any other source for which guidelines are issued by the
      • SERC.
      • Wherever the SERC has fixed a separate tariff for solar power
      • or tariff for the period for which the Ministry is providing incentive,
      • the utilities will offer a minimum of that tariff to the solar PV grid
      • interactive power projects in their respective states.
    • Incentives for Developers: Generation Based Incentives
      • Generation Based Incentives (GBI)
      • The key attributes of the GBI scheme are:
      • In the absence of such tariff orders, the utilities will
      • offer the highest tariff for purchase of power to the
      • solar PV power project developers.
      • (ii) In addition to the preferential tariffs offered by the state, the
      • Ministry/MNRE may provide GBI of a maximum
      • incentive of Rs. 12 per kWh to SPV and Rs. 10 per kWh
      • to STP. (GBI = Rs 15 per unit – state utility tariff)
    • State Wise Incentives For Developers; West Bengal
      • West Bengal
      • WBERC came out with a tariff order for solar energy on March 25, 2008.
      • As per the WBERC tariff order, the eligible grid connected solar PV
      • power plant should be of capacity ranging from 1.0 MWp to 5.0 MWp.
      • The highest tariff in West Bengal currently is Rs 4/unit. Hence, a
      • developer who avails the GBI scheme for setting up a plant in West
      • Bengal in FY09 can enter into a PPA of Rs. 4/unit with the distribution
      • licensee.
      • To support This tariff, the developer will additionally be given
      • incentive of Rs. 11/unit of power generated under the GBI scheme from
      • MNRE.
    • State Wise Incentives For Developers; West Bengal
      • West Bengal
      • On withdrawal of the incentive by MNRE, the commission will review the sale
      • price.
      • The capped price of energy for grid connected solar PV plants
      • (including those plants which are availing accelerated depreciation benefit
      • and are not eligible for GBI declared by MNRE, shall be Rs.11.00/kWh for
      • sale to the distribution licensees.
      • This tariff will be applicable for the grid connected solar PV projects
      • commissioned up to 2009-10 and shall remain valid for 10 years from the
      • date of coming into force of these regulations.
      • Similarly, the sale price for the units for the electricity generated from the
      • plants commissioned after 2009-10 but on or before March, 2012 will be
      • Rs.10/kWh which shall remain valid for 10 years
    • State Wise Incentives For Developers; West Bengal
      • West Bengal
      • At any stage in the future,
      • if any solar PV plant, which was ineligible for the
      • generation based incentive, becomes eligible for the incentive declared by MNRE or by the State or Central Government,
      • The SERC may review the rate of Rs.11.00/Kwh or Rs.10.00/kWh, as the case may
      • be, for sale to the Licensees and fix a new rate by taking into consideration the
      • Allowable incentive to such solar PV plants.
      • Any incentive received by the licensee from
      • MNRE on this account shall be passed on to their purchasers of electricity.
      • The SERC will take a fresh view on the price cap for grid connected solar PV
      • Projects commissioned from 2012-13 onwards.