Developer REC Solar has completed delivery of 23,200 solar panels to a 5.8MW ground-mount system in Rajasthan.
The system is located at Gajner, south-east of Bikaner, Rajasthan which is the second state in India to pass the 500MW capacity mark.
“We are delighted to have provided REC Peak Energy Series solar panels for this project in record time”, commented Anil Yadav, head of India market, REC. “We expect the plant to operate efficiently for more than 25 years and to reduce CO2 emissions by around 7,272 tons per year.”
Built by AEG Power Solutions Group, REC’s Peak Energy Series solar panels are expected to generate over 9,700MWh of solar energy every year. The construction of the installation was completed in just four months from start to finish.
Shantanu Agarwal, executive director of BMD that will operate the plant said: “One of the decisive factors for selecting REC solar panels was that we get the maximum yield which in turn translates to more tradable Renewable Energy Certificates (RECs). Since these certificates have a fixed price in a specific time frame, the aim is to maximise the return of investment within this time period and therefore, REC is the right choice.”
Additional installed capacity this year in Rajasthan has been driven predominantly by the states’ REC programme having added approximately 70MW so far in 2013.
“The historic blackout in India in late July 2012 identified the main problems of energy supply in India: a strong focus on fossil fuels and the centralised grid,” said Luc Graré, senior vice president solar sales and marketing, REC, told PV-Tech.
“Renewable energy, especially solar electricity solutions, is needed to power India’s future because solar energy is available when needed – during peak hours. The market outlook for India is very positive and we are planning more in India.”
Graré continued: “The cost of a unit power from an off-grid solar system (€ 0.14 – €0.16 per kWh) in comparison with diesel generators (€0.23 – €0.25 per kwh) makes solar an increasingly attractive electricity solution.
“Additionally, the Indian government has outlined its strategy to install 10GW by 2017 through mostly utility-scale projects. Using a bottom-up analysis, REC expects a strong growth in the region of 1.6 to 1.8GW in the Indian market for 2013; about 30% thereof from market segments based on grid parity, such as “diesel replacement”,” said Graré.
Furthermore, Graré underlined that, “At the same time, however, there is a lot of uncertainty in this young market because financing is still challenging and due to the emerging trade dispute. We strongly believe in open and fair competition, and a trade war is not in the interest of the Indian solar industry.”