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SECI to introduce 1,000 MW grid-connected solar PV scheme


Solar Energy Corporation of India (SECI) will introduce a 1,000 MW capacity grid-connected solar PV scheme for the government sector.

The company will float tenders to set up the 1,000 MW grid-connected solar rooftop for Central Government ministries, departments and buildings, on 9 December, 2016.

This is the largest rooftop tender launched by the company. The project is an initiative by the company to fulfill the government’s target of 40 GW rooftop solar power plants by 2022.

The ‘Achievement-Linked Incentives scheme’ offers incentives in terms of capital subsidy on the basis of performance achieved by designated ministries/departments against their committed targets in the given time period.

The rooftop solar projects will be installed with the financial assistance of the Ministry of New & Renewable Energy (MNRE) in the form of incentives.

The SPDs will be chosen state-wise through national competitive bidding process, while a provision of one rate/state will be kept in the scheme.

The 1,000 MW project will be distributed between CAPEX and RESCO modes of implementation in 30:70 ratio.

The company has also tied up with Financial institutes such as SBI and IREDA for disbursement of loans with Special Discount Packages which will be offered by the institutions to the developers.

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