Mr.Vinay Goyal, MD – Ganges Internationale Shares His Opinion on the REWA 750 MW Solar Project Bid
India is making its mark globally with big projects like in 648 MW Kamuthi project in Tamil Nadu and now 750 MW Rewa solar park in Madhya Pradesh. India now claims 3rd spot w.r.t utility scale solar just behind China and US. With globally decreasing prices, 750 MW Rewa project will continue to drive tariff much below than to be expected. It is possible that the per unit cost will go below the lowest ever of Rs 4.3/KWh. We feel that price may touch around Rs 3.2 to Rs3.4/KWh which will the lowest ever recorded in India. These are great moments for the solar Industry to have plants of such magnitude scale which keep’s country’s ambitious of reaching 100GW target by 2022 and of becoming leading green energy producers globally.