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SOLARMONTHLY UPDATE

Issue I December 2015Vol. I

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value, growth

SOLAR TARIFFS DECLINE TO ALL-TIME LOW

OF ̀ 4.63 PER KWHR

Solar power tariff has touched an all-time low of `4.63 per unit following aggressive bidding by US-based SunEdison, the world's biggest developer of renewable-energy power plants.

SunEdison won a bid to sell solar power from a 500 megawatt plant in Andhra Pradesh under the Jawaharlal Nehru National Solar Mission at the rate of ̀ 4.63 per kilowatt-hour (KWh or unit).

GOVERNMENT EASES VGF NORMS FOR

GRID-CONNECTED SOLAR PROJECTS

The Government has decided to ease norms for releasing viability gap funding (VGF) under a scheme for setting up 1,000-MW grid-connected solar projects by central public sector u n d e r t a k i n g s a n d o t h e r G o v e r n m e n t organisations. Now, half of the VGF will be

released at the time of getting letter of intent and starting work, while remaining assistance will be released at completion of the project, according to an amendment posted on the website of the MNRE.

WORLD'S FIRST FULLY SOLAR POWERED

AIRPORT OPENS IN KOCHI

India has unveiled the first airport in the world to operate completely on solar energy. A solar power plant with 46,150 solar panels has been installed across 45 acres of land near the cargo area of Cochin International Airport (CIAL). It supplies the airport with 50,000 to 60,000 units of electricity per day, making the airport “absolutely power neutral”, according to a statement by CIAL.

The airport, which is the seventh busiest in India handling more than 1,000 flights a week, consumes nearly 48,000 units costing `336,000 ($5,160; £3,364) every day. At present, its solar power plant produces more energy than it needs and banks the rest with the state power grid for rainy days and night-time requirements. The installation of the solar plant cost nearly `63crore ($9.5m or £6.27m) and took around six months to complete. The company is hopeful of recouping the costs in less than six years. So far it has been a smooth journey for the airport.

The airport is now looking to inaugurate a new international wing in January 2016 comprising nearly 1.5 m sq. ft. which will require more energy than what the existing plant is generating. Additional solar panels will have to be set up if the authorities want to hang onto the "first fully solar powered airport" tag.

lSolar News Round Up

lSolar State Focus -Telangana

lCompany Limelight - Waaneep Solar Private Limited (WSPL)

lForeign Investment Corner

lTechnology Update

lSolar Bids in the Month of November 2015

Inside this Issue:

SOLAR NEWS ROUND UP

SOLAR MONTHLY UPDATE December 2015| 3

Figure 1 : State-wise Total CommissionedCapacity of Solar Power as of 31st October 2015

(MW) – 4,575.31 MW

Source: MNRE


Solar is an attractive option for Telangana because of its high peak power deficit. The peak power requirement and deficit in FY 2015-16 are expected to be 8,223 MW and 1,650 MW respectively. Solar power could help in meeting a part of the deficit, but it will pose a challenge for grid management. Telangana has an ambitious plan to add 5 GW solar power capacity and 4 GW wind energy capacity by 2019. The MNRE has estimated the solar potential of Telangana at around 20 GW. The following table shows the planned solar capacity across Telangana districts.

lTelangana in Numbers

lTelangana Solar Policy Highlights 2015

lThe Telangana Power Scene and Why Solar Investment Happened

lTelangana’s pivotal role in India's Competitive Solar Tariff Reduction

Telangana has ambitious targets to scale up solar power to meet at least part of its shortfall in electricity by 2020. Currently, under a power share agreement with Andhra Pradesh, Telangana owes the latter State for power being supplied. A predominantly agricultural belt, Telangana has been grappling with power shortages since its inception. Since their establishment as new States in June 2014, Telangana as well as the new Andhra Pradesh have been very aggressively supporting solar.

In September 2014, Telangana started this process by allocating 500 MW of solar projects. This was followed by a recent bidding for 2,000 MW. The latest NTPC tenders, as detailed in Table 1 above, under the National Solar Mission totaling 400 MW across the State, will take its project pipeline to around 2,900 MW. Andhra Pradesh has an almost equally impressive solar pipeline of 2,720 MW.

Telangana in Numbers

Telangana Solar Potential: Average solar insolation of nearly 5.5 kWh/m2 for more 300 sunshine days.

Source: Business Line, MNRE and LSI Finance

Source: Hindu Business Line, June 3, 2015

Solar Projects Tendered inTelangana as of 2015

Prior to November 2014

PV projects inked in Nov 2014

PV projects in August 2015

NTPC Batch II NSM(40 projects of 10 MW each)

Phase 2

232

515

2,000

400

3,147Total

MW

Solar State Focus –Telangana

Planned Solar Capacity by District MW

Table 2 : Telangana Planned Solar Capacityby District (MW), 2015 -2020

Table 1 : Solar Projects Tendered in Telangana(MW), 2015

Mahbubnagar

Medak

Nalgonda

Warangal

Karimnagar

Khammam

Nizamabad

Adilabad

Rangareddy

Total Telangana

400

500

600

300

300

200

400

200

100

3,000

Andaman & Nicobar Andhra Pradesh

Telengana, 72.25

Arunachal Pradesh

Chandigarh Chhattisgarh Daman & Diu

Delhi Gujarat Haryana

Jharkhand Karnataka Kerala

Lakshadweep Madhya Pradesh MaharashtraOdisha Puducherry PuunjabRajasrhan Tamil Nadu Telengana

Tripura Uttar Pradesh UttarakhandWest Bengal Others

Figure 4 : Telangana: Projects by Tenderingstatus likely to be Commissioned under

State Policies in 2015-16

Source: MNRE

Source: MNRE

Source: MNRE


With the current project pipeline, by 2017, solar power could contribute over 8% of the State's total power requirements and over 40% of its power during peak solar power generation. This would take the State way beyond the newly proposed RPO targets under the draft National Tariff Policy amendments.

It would be much ahead of India's average and even higher than what is currently seen in Europe, US and China. With their limited integration with the northern grid, the southern States, including Telangana and Andhra Pradesh, will become a test bed for grid balancing and management. As a pioneer, the region can provide useful lessons for India's overall solar ramp-up (the target being 10.5% by 2022).

Single-window clearance for solar projects, complete refund of value-added tax and goods and services tax (GST), exemption from electricity wheeling charges and consent from the state pollution control board within seven days. All solar projects that are commissioned while the policy is in force will be eligible for the incentives for a period of ten years from the date of commissioning.

The State has also announced its solar policy for the next five years and proposes a number of incentives to project developers (PV and thermal). The State expects about 800 MW of solar capacity to come online by March, next year, while the capacity allotted in the current tender should start feeding into the grid by the end of 2016.

Figure 2 : Telangana - Cumulative Commissioningstatus of Grid Connected Solar Projects by

Scheme (MW) as of 31.10.2015

Figure 3 : Telangana - Commissioned GridConnected Solar Power Projects in

2015-16 as of 31.10.2015

Telangana Solar Policy Highlights

Private Initiative(Roof of Top) MW

REC Scheme MW

State Policy MW

6.1

1,166

23.4

3,500

47.75

825

1.5

14.5

REC Scheme MW

State Policy MW

Likely to becommissioned by31.03.2016 (MW)

PPA signed(Projects notcommissioned yet)

Tender issued orfeed in tariff (MW)

KEY POINTS OF TELANGANA SOLAR POLICY

2015

Tenure: 5 years

Applicability:

1) Solar Power Projects (SPPs)

a) Grid connected solar power projects based on both Photo Voltaic (PV) as well as Solar Thermal technologies

lProjects set up for sale of power to TSDISCOMS

lProjects set up for sale of power to third parties within the state

b) Projects set-up for captive generation/ group captive generation (including those funded and owned by developers).

2) Solar Roof-top Projects (SRPs)(Grid connected and off grid) – This includes projects which are funded and owned by developers

3) Off grid applications

4) Any other project which is established based on MNRE/GOI Schemes as amended from time to time.

5) Solar Parks: For availing benefits under this policy, power generated from any of the above modes, has to be consumed within the state.

Regulatory Authority: State Electricity Regulatory Commission

Incentives

1) Solar Parks - Same as Centre and National Solar Mission (NSM)

2) Solar Rooftop - Apart from Centre and NSM schemes, the following also provided:

lConsumers free to choose gross or net metering for sale of power to DISCOMS

lTariff for a period of 25 years (Monthly billing and settlement:

uFor Gross metering - at 11 kV and below - average cost of service of DISCOM as determined by TSERC

uFor Net Metering - Average pooled power purchase cost

lNo distribution losses/charges applicable for SRPs

lConsumer applying for grid connected SRP to

apply online or directly to the TSDISCOM, and such application to be processed by DISCOM within 21 days or application failing which it will be deemed to be already approved.

2) Solar pump sets -Subsidy for switching to be provided in conjunction with Centre.

The scheme of gross metering facility would be extended to project developers/ farmers for setting up solar powered pump sets in the State.

3) Ease of Doing Business incentives subject to condition that the project developer has to ensure that the generation is within the time limit stipulated in the PPA or within a maximum period of 2 years from the date of application, whichever is earlier, failing which the provisions under this policy automatically stands cancelled.

a) Single Window Clearance on payment of a transaction charge of Rs. 10,000/MW for processing applications with a maximum of rupees two lakhs per project.

b) Deemed conversion to Non-agricultural land status - Once the developer acquires the land and pays conversion charges to the SPC, the land would be deemed non-agricultural without any further processing procedures required as per the Agricultural Land (Conversion for Non- agricultural Purposes) Act, 3 of 2006 as amended.

c) Exemption from land ceiling Act for Solar projects - this exemption is available only against firm orders/ PPAs/ successful bids to the extent of land required. Land requirement would be computed at rate of 5 acres/ MW or any lower limit based on the advancement of technology.

d) Transmission and Distribution charges for wheeling of power - Wheeling and transmission charges exempt for captive use within the State and will be charged as per third party sale.T&D losses however are fully applicable both for third party within and captive use within the state.

e) Power Scheduling and Energy Banking:

lAll SPPs must run status-deemed to be scheduled

l100% Banking of energy permitted for all


captive and open access/scheduled projects year round

lBanking charges will be adjusted in kind@ 2% of the energy delivered at the point of drawal

lBanked units cannot be consumed/redeemed in the peak months (Feb to June) and in the peak hours (6 pm to 10 pm). The provisions on banking pertaining to drawal restrictions shall be reviewed based on the power supply position of the State.

f) Electricity Duty: Electricity duty shall be exempted for captive consumption, sale to DISCOMS and third party sale in respect of all SPPs set up within the state. Also, Electricity duty will be waived for the new manufacturing facilities and ancillaries of the Solar Power Projects.

g) Cross subsidy Surcharge: For SPP located within the state and selling power to third parties within the state, 100% exemption shall be provided on the cross subsidy surcharge as determined by TSERC for five years from the date of commissioning of the SPP.

h) Bill settlement: In respect of SPPs selling power to the DISCOMS, settlement of energy shall be as per the PPA executed between the SPP and the DISCOM

I) Grid Connectivity and Evacuation facility: SPPs shall be evacuated at the appropriate voltage level at the interconnection point of TSTRANSCO or TSDISCOMS and evacuation up to the interconnection point shall be the sole responsibility of the SPP developer.

j) The SPP developer shall bear the entire cost of t ransmiss ion infrastructure t i l l the interconnection point; however the following support shall be available to the SPP:

lSuperv is ion charges lev ied by the TSTRANSCO/DISCOMS shall be exempted

lTSTRANSCO/DISCOMS shall process and close the proposals for technical feasibility within 30 days of receipt of application from the SPP developer

k) Refund of VAT: 100% refund of VAT/SGST for all the inputs required for SPPs for a period of 5 years.

l) Refund of Stamp Duty: 100% refund of Stamp

Duty for land purchased for setting up SPP and/or Solar parks. Registration charges are payable as per rules.

m) Intra-state Open Access clearance for the tenure of the project: In absence of any response or intimation from Solar Policy Cell (SPC) to the generator within twenty one (21) working days, then such application shall be deemed to have been given open access.

n) PCB clearances:Required clearances with a week by TSPCB (Telangana state Pollution Control Board)

A dedicated Solar Policy Cell (SPC) shall be set up by TSDISCOMS under this policy for single window clearance of the solar power projects (SPP). The responsibilities include the following:

A “High Level Committee” constituted will monitor the progress of implementation of the Solar Power projects cleared under the policy. State Govt. reserves the right to review as and when need arises in view of any technological breakthrough or to remove any inconsistency with Electricity Act 2003, as amended from time to time, rules and regulations made thereunder or any related policy of Govt. of India.


Tariffs quoted for 2,000 MW of grid-connected solar power sought by Telangana have averaged below `6 per unit in an indication that these continue to decline. The bidding process was intensely competitive and between them domestic and foreign producers of solar power had offered to set up nearly 5,000 MW, more than twice the quantum tendered by the Telangana Government.

While the weighted average tariff stood at `5.73 per unit, the lowest bid came in at ̀ 5.17 a unit and was submitted by Canadian developer Skypower Global. Telangana has thus exerted its might in the solar space to bring down the price of solar power competitively in 2015.

While producers have been able to lower tariffs due to lower interest rates, solar power companies have been trying to persuade domestic lenders to further extend the lending period to 20 years, in line with foreign lenders.

What Telangana has done forthe Indian Solar Industry:Competitive Solar Tariff Reduction


The winning bids for Telangana were dominated by domestic producers (see chart above) and foreign companies failed to make much of an impact except for the Toronto-based Skypower Global that won 200 MW capacity. It was believed that the domestic developers understood the nuances at the substation level and the bid results showed that they had been able to leverage that experience to their benefit. Although producers are

Source: Economic Times

Surging SolarAvg solar PV tariff (`/unit) (Tariff falling for each successive bid round)

Telengana received bids of2,000 MW at an average

tariff of `5.73 per unit

20

16

12

8

4

17.91

15.34

10.398.75

FY11

35MW 906MW 705MW 1001MW 853MW 500MW#560MW

FY12 FY13 FY14 FY15 FY16*Fy16

6.74 6.104.63

*The avg tariff for current fiscal is till Nov 2015 #Fy16 capacity is till Nov 2015

Source: Economic Times

ACME managed to grab the largest chunk — 446 MW — of the Telangana capacity on offer and now has a portfolio of 1,300 MW.

Industry experts believe that the new normal average solar power tariff is now between `5.50 and ̀ 6 per unit and the latest winning bid from Sun Edison for Andhra Pradesh at ̀ 4.63 (9 cents) goes to prove the fact that it is likely to fall further depending on interest rates and tenures of loans. Domestic developers have also learned to manage solar project costs more efficiently in the last three to four years.

Telengana Solar Bids aware that the Telangana distribution companies have signed on for the financial restructuring plan (FRP) and have a liquidity problems, they are betting on an improved performance from the distribution companies in reducing aggregate technical and commercial (AT&C) losses. Telangana has inherited undivided Andhra Pradesh discoms' legacy of the lowest AT&C commercial losses in the country at around 15%.

As a result, for a state like Telangana, solar power is now less expensive than gas and coal-based power if compared over a period of 25 years.


lABOUT THE PROJECT

lPROMOTERS PROFILE

uWaaree Energies Limited

uNorth Eastern Electric Power Corporation Limited (NEEPCO)

Waaneep Solar Private Ltd. (WSPL) is a Special

Purpose Vehicle (SPV) promoted through Public -

Private Partnership between Waaree Energies Ltd.

(WEL) and North Eastern Electric Power

Corporation Limited (NEEPCO). WSPL's growth

strategy covers Greenfield projects as well as

acquisitions.

About the Project

Under the Jawaharlal Nehru National Solar

Mission (JNNSM), Solar Energy Corporation of

India (SECI), had invited the bids for the

implementation of “750 MW Grid Connected Solar

Power Project under JNNSM Phase-II, Batch-I” and

Waaneep Solar Pvt. Ltd. (WSPL) has won 50 MW

Project which is to be executed under the DCR

Category at Tehsil Ichhawar, District Sehore in the

state of Madhya Pradesh. The generated power

will be evacuated through 132 KV Transmission

line which will be connected to 132/33 KV

Ichhawar Substation. The line length is 8 KMs. The

present status of the project is

lPPA has been signed with SECI for the 100% of power produced

lIn-principle grid connectivity permission received from MPPTCL

lLand procurement is in progress

Promoters Profile

1. WAAREE ENERGIES LIMITED

Waaree Group, through its subsidiaries, engages in

the businesses of solar photovoltaic modules and

solutions, industrial valves, lubricants, automatic

tank level monitoring solutions, petrol station

equipment, and industrial retail. It serves

manufacturing, infrastructure, power, mining,

defense, marine, irrigation, and services

industries. Waaree Group was founded in 1989

and is based in Mumbai, India.

COMPANY LIMELIGHT – WAANEEP SOLAR PRIVATE LIMITED (WSPL)

Group and Company Performance Highlights:

1989-1997

lWAAREE Group was founded by Mr Hitesh

Doshi in 1989 with a focus on Instrumentation

lIn 1995, the first manufacturing facility was

setup for producing mechanical process

instruments

l1997-2007

lJV with Italian and Chinese partners.

lSetup of Global offices at Dubai, Qatar, Oman

and in EU.

2007-2011

lEstablishment of Waaree Energies Limited

lA 30 MW module manufacturing line is set-up

in 2007

2011-2013

lAcquires 100% stake in Cesare Bonetti to

diversify its business in the valve sector, in the

year 2012

lDivestiture from precision engineering

manufacturing to a Swiss Group

lStarted EPC services and venture into other

business segment like solar pumps and other

off- grid applications

lExpanded module manufacturing capacity

from 30 to 110 MW

2013-2015

lExpands its IPP business to 150 MW

lJoint venture with a Mini Ratna company for

the 100 MW project- WAANEEP

lExpansion of Module Manufacturing capacity

from 110 to 250 MW

lExisting capacity stands at 500 MW

lPursuing project development pipeline of 4000

MW

lIncreasing Manufacturing capacity to 1GW

lIt registered a turnover of ̀ 780 Crs in FY14-15


2. NORTH EASTERN ELECTRIC POWER CORPORATION LIMITED (NEEPCO)

A Miniratna Schedule "A" Government of India Enterprise under the Ministry of Power was set up on the 2nd of April, 1976 to develop and operate power stations in the North Eastern Region of India.

Company Performance Highlights

lThe present installed capacity of the Corporation is 1135 MW comprising 755 MW in Hydro, 375 MW in Thermal and 5 MW in Renewable (Solar).

lNEEPCO Commissioned its first 5 MW MWp Grid Interactive Solar PV Power Plant at Monarchak in Sepahijala District of Tripura on the 15th February, 2015.

lTGBP: Gas Turbine successfully synchronized on 11th March 2015 and fully loaded to 66 MW on 30th March 2015.

lAGTP: STG II Synchronized on 10th February, 2015 & fully loaded to 25.5 MW on 22nd March, 2015. STG I Synchronized on 31st March, 2015.

lPresently NEEPCO is implementing 3 Hydro Projects aggregating 770 MW viz. Kameng (600 MW), Pare (110 MW) & Tuirial HEP (60

Key Performance Indicators

Source: NEEPCO

MW) in the N.E. Region for commissioning within 12th Plan.

lNEEPCO operates the largest Hydro Power Plant in N.E. Region, the only CPSU having Hydro and Thermal Power Stations in operation.Exposure to construction & operation of Hydro projects in highly difficult and Geo-Technically sensitive terrain of N.E. Region.

lNEEPCO is the only CPSU operating a Power Plant in Nagaland.

Source: NEEPCO

Financial Performance at a Glance

Particulars 2011-12 2012-13 2013-14

5,000

3,292

1,130

4,825

1,198

1,270

264

1.42

65.73

3,315

1,130

4,691

1,325

1,392

295

2.46

72.69

3,362

1,130

4,567

1,279

1,417

288

2.40

69.46

Authorized Capital (` in Crs.) 5,000 5,000

Paid-up Capital ( in Crs.)`

Installed Capacity (MW)

Generation (Million Units)

Sale ( in Crs.)`

Total Income ( in Crs.)`

Profit before Tax ( in Crs.)`

Employee/MW

Dividend ( in Crs.)`

4,82

5

4,69

1

4,56

7

1,19

81,32

5

1,27

9

264

295

288

Generation (MU) Sales (` Crs) Profit (` Crs)

2011-12 2012-13 2013-14


lMODULES AND INVERTOR TECHNOLOGY

lSOLAR TRACKER AND COLLECTOR MARKETS

Asia's Largest Solar Park known as 'Charanka Solar Park' in Gujarat, established in 2012, now houses about 216 MW Solar Power plants and touted to Asia's largest solar park even larger than China's 200 MW Golmud Solar Park, and the single largest segment of a 600 MW, over 3,000 acre solar power field with wonderful infrastructure facilities available such as Roads, Water Pipeline, Water Treatment plant, Sewage treatment plant, Helipad, Water distribution network, internal plot fencing, Land leveled, compound wall, Fire station, Telecom network, 400/220/66 KV & 66 KV Auxiliary SS, Auxiliary Power Distribution Network & much more facilities. The Gujarat solar park at Charanka has bagged several national & international awards / recognition among world solar arena.

The park is developed mostly overwasteland but with one of the best solar insolation / irradiation areas identified in India. It is expected to save around 8MT of CO2 from being released into the atmosphere and save around 900,000 tonnes of natural gas per year. More projects would be allotted to the Solar Park in near future with the much awaited announcement of eagerly anticipated Gujarat Solar Policy Phase III.

TECHNOLOGY UPDATE

Modules & Inverter Technology Used atCharanka Solar Park - Gujarat

View of Charanka Solar Park with Wind Mills at the back –Gujarat

FOREIGN INVESTMENT CORNER

Across India, companies are aggressively ramping up solar projects as the government sets out an ambitious target to achieve a five-fold increase in renewable energy capacity in the next seven years. That would mean generating 100 GW of solar power by 2022, up from the present total of 4 GW.

India is the world's third largest emitter of greenhouse gases, but it plans to radically reshape its energy use in a short period of time.

Hoping to attract $100 billion over seven years for its solar sector, the government is offering tax breaks and allowing 100 percent foreign investment. There is a rush of interest.

Key Foreign Investment Deals and forays into the Indian Solar market in October –November 2015 include:

lSany Group, China, announcing plans to invest $3 billion by 2020;

lChint Group, China, announcing plans to invest $2 billion by 2020;

lThe new SoftBank/Foxconn/Bharti joint venture signing its first $2 bi l l ion memorandum of understanding in Andhra Pradesh for 3 gigawatts of renewables;

lThe November 2015 SunEdison solar auction win of 500MW at `4.63/kWh (US7.1c) set a record low solar price, 10% lower than the previous record low a few weeks earlier, Buckley said.

lGermany this week promised $2.25 billion to develop a clean energy corridor and solar projects in India.

lU.S.-based renewable energy firm SunEdison plans to invest $15 billion.

lChina's Trina Solar plans to invest $500 million to make solar panels


Source: urvashidev.wordpress.com

Out of the total installed solar power plants in Gujarat i.e. 820 MW; the Gujarat Solar Park currently is home to 16 Solar Projects with 216 MW of installed solar plant capacity. It has emerged to be a true testing ground & laboratory for various Solar PV module technologies, Solar Inverter technologies and test of EPC execution

capabilities for various stakeholders. Below mentioned is the overview of various Solar PV Module technologies used in Gujarat Charanka Solar park projects, ratings of solar PV modules, Solar Inverter technology and their capacity details etc. for the Solar Projects installed at Gujarat Charanka Solar Park.

A report from Sandler Research forecasts the solar tracker market is expected to grow by 17.2 % until 2019. Solar trackers are devices that follow the sun's path throughout the day to ensure

Solar tracker and Solar Collector Markets

photovoltaic panels are receiving the most solar energy possible.

There are two types of solar trackers: single axis and dual axis. Single axis solar trackers are

currently considered less expensive and more reliable because they don't require as much maintenance and they aren't as complicated as dual-axis trackers.

The report estimated that single-axis trackers improve the energy output of a solar farm by about 30 to 35%, whereas dual-axis trackers can boost efficiency by 36 to 41%. Because of the greater efficiency, it is forecast that the dual-axis trackers will gain popularity over the next seven years and will grow to a capacity of 9,684.1MW installed by 2022.

Sandler Research also forecasts that the solar collector market will grow 24.9% from 2014 to 2019. This is in part due to Government subsidies offered to people and companies who invest in the technology. There are two types of solar collectors, namely, concentrating solar collectors, which are used in solar plants and non-concentrating, used for smaller-scale productions. According to Mordor Intelligence, production of non-concentrating solar collectors worldwide is expected to reach 500 GW a year. This is substantially higher than the production of 40 GW in 2013.

Source: LSI Finance Tender Monitor 2015

For detailed solar newsletter please visit www.lsifinance.com

SOLAR BIDS IN THE MONTH OF NOVEMBER 2015

State Capacity in MW Technical Bid Date

Table 3 : Telangana Planned Solar Capacity by District (MW), 2015 -2020

Andhra Pradesh - I

Andhra Pradesh AP - II

500 MW (10 x 50 MW) Solar PV Power Projects at Ghani SolarPark in Andhra Pradesh under National Solar MissionPhase-II Batch-II Tranche-I

750 MW (6x125 MW Each) Solar Photovoltaic Power Project(Phase-II)

Nov 2015

—

Rajasthan

Karnataka

Telangana

Kerala

Gujarat

Maharashtra

UP

Karnataka

750 MW - DCR, 100 MW - Open



400 MW (10MW X 5 = 50MW DCR, 35 X 10MW = 350 Open)

50 MW IPP Mode

250 MW IPP Mode

500 MW IPP Mode

440 MW IPP Mode

1200 MW (AC) ground mounted Solar PV project across60 Taluks of Karnataka

25/11/2015 & 26/11/2015

02/12/2015 & 03/12/2015

07/12/2015 & 10/12/2015

10/12/2015 & 16/12/2015

19 Nov 2015

26 Nov 2015

30 Nov 2015

10 Dec 2015

04/01/2016 & 08/01/2016

Anantpur - AP


New Delhi

P FE

1201, 12th Floor, Chiranjiv Tower

43, Nehru Place, New Delhi 110019 011 46628817 011 46628851 [email protected]

Kolkata

P FE

Sagar Trade Cube 5th Floor

104, S P Mukherjee Road, Kolkata 700026 033 24863815 033 24863816 [email protected]

Mumbai

P FE

Unit 8, 4th Floor, Trade World B Wing

Kamala Mills Compound, Lower Parel, Mumbai 400013 022 66702000/04 022 66702005 [email protected]

www.lsifinance.com

solar monthly update online - lsi finance · solar tariffs decline to all-time low of `4.63 per...

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