Karnataka’s New Utility-Scale Solar Benchmark Tariff is 30% Less at ₹3.05/kWh
The generic tariff for rooftop solar projects of 1 MW or less has been fixed at ₹2.67/kWh
The Karnataka Electricity Regulatory Commission (KERC) has fixed generic tariffs for renewable energy projects developed across the state.
Generic Tariff for Solar Projects:
For grid connected MW-scale solar projects of capacity less than 5 MW, KERC has fixed a generic tariff of ₹3.05 (~$0.0447)/kWh.
The new utility-scale solar benchmark tariff is ₹1.31 (~$0.0192)/kWh or 30 percent less than KERC’s previous benchmark tariff of ₹4.36 ($0.07)/kWh. The reduction comes amid a trend of declining tariffs in state tenders.
KERC has fixed the generic tariff at ₹2.67 (~$0.0391)/kWh (without capital subsidy) for rooftop solar projects of 1 MW or less. The generic tariff for rooftop solar projects with a capital subsidy is ₹3.56 (~$0.052)/kWh. These tariffs will be applicable for the control period April 1, 2018 to March 31, 2019.
Mercom previously reported that KERC proposed a tariff of ₹2.79 (~$0.043)/kWh for new, MW-scale, grid-connected solar photovoltaic projects developed in Karnataka.
Generic Tariff for Wind Projects:
KERC has also fixed a generic tariff of ₹3.45 (~$0.0505)/kWh for wind projects of less than 25 MW capacity. The tariff is applicable from April 1, 2018 and will apply up to March 31, 2019. The new tariff is ₹0.29 (~$0.0042)/kWh less than the previous generic wind tariff of ₹3.74 (~$0.0548)/kWh.
For new mini-hydel, bagasse based co-generation and rankine cycle-based biomass power projects, KERC has set generic tariffs which will be applicable from April 1, 2018, to March 31, 2021. The levelized tariff for new mini-hydel projects and the fixed tariff for new bagasse based co-generation and rankine cycle-based biomass power projects determined in this order will be applicable for the term of the power purchase agreement (PPA).
Karnataka tops the list of solar states in India, exceeding 5 GW of cumulative solar installations in Q1 2018, and represents a 24 percent market share of the total installed capacity in India during that same quarter, according to Mercom’s India Solar Project Tracker.
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.