Shinning India with Solar Parks

Abstract

The recent downward trends in solar tariff may be attributed to the factors like economies of scale, assured availability of land, and power evacuation systems under the Solar Park Scheme. The scheme aims to provide a huge impetus to solar energy generation by acting as a flagship demonstration facility to encourage project developers and investors, prompting additional projects of similar nature, triggering economies of scale for cost-reductions, technical improvements and achieving large scale reductions in greenhouse gas (GHG) emissions. It would enable States to bring in significant investment from project developers, meet its solar renewable purchase obligation (RPO) mandate and provide employment opportunities to local population. The State will also reduce its carbon footprint by avoiding emissions equivalent to the solar parks installed capacity and generation. The solar park is a concentrated zone of development of solar power generation projects and provides developers an area that is well characterized, with proper infrastructure and access to amenities and where the risk of the projects can be minimized. Solar Park also facilitates developers by reducing the number of required approvals. The most important benefit from the solar park for the private developer is the significant time saved.

Keywords: Greenhouse gases, Solar park, Solar tariff.

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