Considering the spike in bills which commercial, industrial and residential consumers had faced recently, usage of solar, particularly the rooftop variety, has gained traction and is expected to grow further.

The energy from the solar project will be supplied to MSEDCL under a power purchase agreement (PPA), valid for a period of 25 years from the date of scheduled commercial operation.

India’s largest integrated power company, Tata Power announced that its wholly-owned subsidiary, Tata Power Renewable Energy Ltd (TPREL) has received a letter of award from Gujarat Urja Vikas Nigam Ltd (GUVNL) on June 12 to develop a 120 MW solar project in Gujarat.

Renewable energy tariffs for both·solar and wind power·have touched grid parity from 2HFY17. The levelised tariffs dropped to Rs 2.44/kWh in solar energy and Rs 2.65/kWh in wind energy after the bidding in 1HFY18.

India´s approach of focussing largely on utility-scale solar parks and aggressive pricing has attracted a lot of scepticism. The renewable energy sector has shown tremendous growth over the last two years.