Rooftop Solar Power Developer, HFM Solar Power Private Limited has commissioned a 1 MW roof-top solar power project at the University of Lucknow, Lucknow. The roof-top solar was built in collaboration with SECI and MNRE. The solar plant will reduce emissions from grid power and backup diesel generators, and will abate around 1300 Tons of CO2 per year.
The company will provide solar power to University of Lucknow on the ‘pay as you go’ or OPEX model. Solar Power will be provided at tariff rates cheaper than the grid tariffs, which is estimated to save the university approx. Rs. 6 million annually.
Medhir Jain, Director, HFM Solar said “India has one of the best solar conditions and solar is already the cheapest form of generation in many parts of the world.
We are happy to note that the solar power supplied to University of Lucknow will be at a cost which is 50% cheaper than the grid tariff, providing significant cost savings to the university. Through our partnership, we are helping University of Lucknow reduce their carbon footprint and electricity costs simultaneously.
This is a very compelling proposition to institutes like University of Lucknow, and we hope to replicate it for other premier institutes across the country as well. We are committed in implementing Solar Energy Projects to help reduce CO2 emissions and contribute towards the objective of energy conservation.