India revises benchmark PV costs15. February 2011 | Markets & Trends, Applications & Installations | By: Jaideep Malayvia
The Indian Government has revised its benchmark costs for PV systems, effective from April 1, 2011.
Under the revision, India’s Ministry of New and Renewable Energy has said the benchmark costs for systems with batteries will now be set at INR 270 (around USD$5.93; €4.38) per watt peak, while those without battery banks will be set at INR 190 (around USD$4.17; €3.08) per watt peak.
Furthermore, the Central Financial Assistance (CFA) has been reduced by roughly 20 percent. Therefore, it will now be set at INR 81 (around USD$1.78; €1.31) per watt peak for systems with battery back-up, and INR 57 (USD$1.25; €0.92) per watt peak for those without battery storage.
For Special category states/North-East States, the CFA will now be limited to INR 243 (around USD$5.34; €3.94) per watt peak for battery back-up and INR 171 (around USD$3.76);€2.77) per watt peak without battery systems.
Under the National Solar Mission Program, the target is to achieve 20 gigawatts (GW) of grid connected PV capacity and two GW of off-grid. With the above revision, it appears that PV costs are well on path to achieving grid parity in India.
Until December 2010, 22.01 megawatts of grid connected systems have been commissioned. In total, 121,634 street lighting systems, 619,248 home lighting systems, 813,380 portable lanterns and 7,495 agriculture pumping systems have been installed in the country.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 6775 views
- 4187 views
- 3881 views
- 3810 views
- 3373 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!