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A study of existing solar power policy framework in India for viability of the solar projects perspective
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TLDR
In this article, the authors summarized various schemes under the current policy framework in terms of viability of the solar power projects in India and also included issues related with the sustainability of solar power project taken under the competitive bidding process with remarkable lowered tariff than benchmarked tariff (ceiling price)in India (i.e. INR 7 or US $ 0.107).Abstract:
A decade before conversion of solar energy into electricity was quite expensive compare with other renewable energy or conventional fossil fired generated power. For making solar energy as a main stream source of power generation Indian government has taken several initiatives in last 5–6 years. Presently, the deployment of the solar power project in India is governed by both central and state government under the various schemes. These schemes are mainly includes, Feed-in-Tariff (FiT), Renewable Purchase Obligation (RPO), long term Power Purchase Agreements (PPAs), Renewable Energy Certificates (REC), Accelerated Depreciation (AD) benefit and reverse bidding/auctions etc. As an effect of this competitive market environment, the tariff of solar power has come down from INR 17 or US $ 0.271 (year 2010) to less than INR 6 or US $ 0.0922 (year 2015). This decremented solar tariff may achieve grid parity soon but also has raised the question of sustainability of the solar power project as well. Additionally, this multi-policy environment of both central and state government has created lots of confusion among the solar power project developers to select scheme and make their investment viable as per other power generation business. This paper summarizes various schemes under the current policy framework in terms of viability of the solar power projects in India. It also includes issues related with the sustainability of the solar power project taken under the competitive bidding process with remarkable lowered tariff than benchmarked tariff (ceiling price)in India (i.e. INR 7 or US $ 0.107).
This study will help project developers and other stakeholders to understand the issues related with viability of the project in current multi-policy environment for better planning before investing in the field of solar Power business.read more
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References
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TL;DR: In this paper, the levelized cost of electricity (LCOE) of solar photovoltaic (PV) generation is compared to other electricity generation technologies. But there is a lack of clarity of reporting assumptions, justifications and degree of completeness in LCOE calculations, which produces widely varying and contradictory results.
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A Review of Solar Photovoltaic Levelized Cost of Electricity
TL;DR: The methodology of properly calculating the levelized cost of electricity for solar PV is reviewed, correcting the misconceptions made in the assumptions found throughout the literature and a template is provided for better reporting of LCOE results for PV needed to influence policy mandates or make invest decisions.
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Morgan Bazilian,Morgan Bazilian,Ijeoma Onyeji,Michael Liebreich,Ian MacGill,Jennifer Chase,Jigar Shah,Dolf Gielen,Doug Arent,Doug Landfear,Shi Zhengrong +10 more
TL;DR: In this paper, the authors consider the recent dramatic reductions in the underlying costs and market prices of solar photovoltaic (PV) systems, and their implications for decision-makers.
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Renewable energy in India: Current status and future potentials
TL;DR: In this paper, the authors summarize the availability, current status, major achievements and future potentials of renewable energy options in India and assesses specific policy interventions for overcoming the barriers and enhancing deployment of renewables for the future.
Journal ArticleDOI
The Price of Policy Risk - Empirical Insights from Choice Experiments with European Photovoltaic Project Developers
Sonja Lüthi,Rolf Wüstenhagen +1 more
TL;DR: In this paper, the authors suggest that investors who take a decision between PV investment opportunities in different countries carefully weigh feed-in tariff-induced returns against a set of policy risks, and choose the country with the most favorable risk-return profile.