Solar power will achieve grid parity by end of the 12th Plan in 2017

Power produced by solar plants will be sold at the same price as that from conventional sources like coal by 2017, a power ministry official said.

“Solar power is very close to achieving grid parity. It will achieve grid parity by end of the 12th Plan in 2017,” Tarun Kapoor, joint secretary in the new and renewable energy ministry, announced at a conference here on the Indian power industry.

“Consequent to the launch of the government’s solar mission in 2010, we see large volumes (of electricity) coming into the sector and we’ve seen prices come down drastically,” Kapoor said.

Outlining the sequence of fall in tariffs, Kapoor informed the conference that from an initial tariff of Rs.17 per kilowatt (kw) hour fixed by the regulator, subsequent tenders had yielded lower average tariffs, and the last tender floated had fetched the tariff of Rs7.49 per kw hour.

“Odisha did a tender and got a tariff of Rs.7 per kw hour to be constant for the next 25 years. This tariff is fixed for 25 years and is better than that from coal, for instance, where new coal based plants using imported coal would charge Rs.5-6 and domestic coal fired ones would charge Rs.3-4. Then as fuel costs rise, tariffs would also go up.”

Kapoor explained that the objective of the solar mission was to increase electricity volumes from solar energy, thereby bringing down prices and demonstrate that solar power is a very good alternative.

“Solar power plants can be set up anywhere (in India) as the insulation is pretty good almost everywhere. The investment required for 20,000 MW capacity would be around Rs. 200,000 crore,” Kapoor said.

Emmvee is all set to showcase its new innovations at Solarcon 2012

Emmvee is all set to participate at the Solarcon 2012 exhibition which will be held at the Bangalore International Exhibition Centre from 3rd to 5th September. Emmvee will display new products and competences from both business divisions: Photovoltaics and Solar Water Heating Systems.

Emmvee Photovoltaic Power Private Limited will display its photovoltaic modules portfolio for ongrid and off-grid applications. The competence in PV systems for different applications will be showcase as well. Emmvee is channel partner under JNNSM scheme for roof top PV systems and has installed successfully several PV systems of different sizes. Emmvee has also entered the field of MW scale project development and has a specialized team for EPC with proven track records.

Emmvee Solar Systems Private Limited is launching an innovative tray collector with full plate absorber to the Indian market. This innovation will increase further the efficiency of the Solarizer Solar Water Systems. Emmvee is also launching its new Solarizer t-series in India. The products will be displayed at booth 502 in the hall 2 of the exhibition.