Uttarakhand Approves Generic Tariff & Benchmark Cost for Solar Projects
The tariffs will be applicable for projects commissioned on or after April 1, 2022
May 16, 2022
Uttarakhand Electricity Regulatory Commission (UERC) has announced the generic tariff for solar, solar thermal, and grid-interactive rooftop and small solar projects to be commissioned in FY 2022-23.
The Commission approved the benchmark capital cost of ₹9.08 million (~$480,198)/MW and ₹13.70 (~$0.178)/kWh for solar and solar thermal projects commissioned on or after April 01, 2022.
It also set the benchmark capital cost of ₹49,442 (~$638)/kW, ₹45,322 (~$585)/kW, ₹42,583 (~$549)/kW, and ₹41,035 (~$529)/kW for grid-interactive rooftop and small solar projects having installed capacity up to 10 kW, above 10 kW and up to 100 kW, above 100 kW and up to 500 kW, and above 500 kW and below 1 MW, respectively.
Background
Through a suo motu order, the Commission had reconsidered the benchmark capital cost and levelized tariff for solar projects from April 1, 2019. However, due to the non-availability of data on module price because of the COVID-19 global pandemic, the Commission extended the benchmark capital cost and levelized tariff for solar projects commissioned up to September 2020, which was further extended until March 2021.
Capital cost and generic tariff of solar projects
The Commission approved the benchmark capital cost of solar projects to be commissioned on or after April 01, 2022, at ₹9.08 million (~$480,198)/MW. It retained the gross tariff of ₹4.49 (~$0.058)/kWh but reduced the accelerated depreciation to ₹0.19 (~$0.0025)/kWh from ₹0.24 (~$0.003)/kWh in FY 2019-20.
Capital cost and generic tariff of solar thermal projects
The Commission set the benchmark capital cost of solar projects to be commissioned on or after April 01, 2022, at ₹120 million (~$1.54 million)/MW. It determined the gross tariff of ₹13.70 (~$0.178)/kWh for solar thermal projects commissioned on or after April 01, 2022.
Capital cost and generic tariff for grid-connected rooftop and small solar projects
The Commission approved the benchmark capital cost of ₹49,442 (~$638)/kW, ₹45,322 (~$585)/kW, ₹42,583 (~$549)/kW, and ₹41,035 (~$529)/kW for grid-interactive rooftop and small solar projects having installed capacity up to 10 kW, above 10 kW and up to 100 kW, above 100 kW and up to 500 kW, and above 500 kW and below 1 MW, respectively.
The Commission also set the net tariff of grid-connected rooftop and small solar projects.
UERC had issued a draft amendment to its Deviation Settlement Mechanism and Related Matters Regulations, 2017.
Subscribe to Mercom’s real-time Regulatory Updates to ensure you don’t miss any critical updates from the renewable industry.
Get the most relevant India solar and clean energy news.
RECENT POSTS
LATEST HEADLINES
Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar Modules
Mar 24, 2023
Intra-State Sections of Evacuation Infrastructure for Renewables Delayed
Mar 24, 2023
EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project
Mar 24, 2023
India Missed 2022 Renewables Target as Rooftop Solar and Wind fell Short
Mar 24, 2023
Researchers Aim to Accelerate Delivery of Space-Based Solar Power to Earth
Mar 24, 2023
India added an impressive 2.5 GW open access solar capacity in 2022, registering a growth of 92% year-over-year (YoY), according to the 2022 Q4 & Annual Mercom India Solar Open Access Market Report. Karnataka emerged as the to...
March 23, 2023
Markets & Policy
Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar ModulesThe Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements betwe...
March 24, 2023
C&I
In Bengaluru, a 100 kW Solar System Can Save C&I Entities ₹1 Million AnnuallyMercom India successfully concluded the C&I Clean Energy Meet 2023 in Bengaluru, where stakeholders in the solar sector and commercial and industrial entities converged to enthusiastically discuss the benefits of renewable ene...
March 24, 2023
Other
Gensol Acquires Solar Tracker Maker Scorpius for ₹1.35 BillionGensol Engineering, a part of solar engineering, procurement, and construction (EPC) company Gensol Group, has acquired India-based solar tracker manufacturer Scorpius Trackers for ₹1.35 billion ($16.4 million). Gensol said the ac...
March 23, 2023
Trending News
Mercom Focus
Researchers Find Solution to Manage Load in Solar PV & Storage Systems
February 28, 2023
February 27, 2023
February 24, 2023
January 17, 2023
Magazine
Latest News
The Ministry of New and Renewable Energy (MNRE) has modified the Approved List of Models and Manufacturers (ALMM) guidelines and provided exceptions to broaden the qualification criteria for modules produced under agreements...
March 24, 2023
The Ministry of New and Renewable Energy (MNRE) told the Parliamentary Standing Committee on Energy that the intra-state stretches of the Green Energy Corridor (GEC) have been delayed due to various reasons, including...
March 24, 2023
German electric utility company Energie Baden-Wuerttemberg (EnBW) has made its final €2.4 billion (~$2.6 billion) investment decision on He Dreiht, a major wind project in the German North Sea. The project has a capacity of 960...
March 24, 2023
The Parliamentary Standing Committee on Energy report has isolated underwhelming progress on rooftop solar and wind energy projects as the primary reason for India falling short of achieving its renewable energy capacity target...
March 24, 2023
Researchers at Northumbria University are studying ways of producing wireless electricity from space to Earth by harvesting the Sun’s energy. U.S.-based aerospace, defense, and information security organization Lockheed Martin...
March 24, 2023
The Maharashtra Electricity Regulatory Commission (MERC) recently directed Hindustan Petroleum Corporation (HPCL) and the Maharashtra State Electricity Distribution Company (MSEDCL) to recompute the delayed payment charge from...
March 24, 2023
The National Renewable Energy Laboratory (NREL) has devised a new way to produce perovskite solar cells that could speed its commercialization. Different layers are typically added sequentially to a conductive glass substrate to...
March 24, 2023
Saudi Arabia-based energy company ACWA Power has signed power purchase and investment agreements with National Electric Grid of Uzbekistan, and the Ministry of Investment, Industry, and Trade to develop new solar and battery...
March 24, 2023
The China Securities Regulatory Commission has approved the registration of CSI Solar, the engineering, procurement, and construction arm of solar module maker Canadian Solar, to issue an initial public offering (IPO). The...
March 24, 2023
Renewable capacity grew by 9.6% in 2022, adding a record 295 GW worldwide. This accounts for 83% of all power capacity added last year and brings the global renewable generation capacity to 3,372 GW by the end of last year, a...
March 24, 2023
Get the most relevant India solar and clean energy news.
POPULAR POSTS
Government Clarifies ALMM Enlistment Guidelines for Co-branded Solar Modules
Mar 24, 2023
Intra-State Sections of Evacuation Infrastructure for Renewables Delayed
Mar 24, 2023
EnBW Takes €2.4 Billion Final Investment Decision on Offshore Wind Project
Mar 24, 2023
India Missed 2022 Renewables Target as Rooftop Solar and Wind fell Short
Mar 24, 2023
Researchers Aim to Accelerate Delivery of Space-Based Solar Power to Earth
Mar 24, 2023