This Scheme is under National Solar Mission (NSM) was launched in January 2010 by Government of India with a target of 20,000 MW of solar power. The scheme will be implemented by Solar Energy Corporation of India (SECI), New Delhi. Several States have taken initiatives following the Central Government and framed Solar Policies, to support setting up solar power projects, which had an impact of lowering levelized solar tariff.
- Scaling up of sizes of projects thereby leading to economies of scale.
- Facilitating speedier implementation of the solar power projects through adoption of mechanism of solar parks to meet the Phase-II target of NSM, wherever feasible, subject to meeting the timelines set by the Government of India.
- To supplement Grid power and spread out solar power projects throughout the country thereby reducing transmission cost and losses.
- Provide long-term visibility and road map for solar power development enabling creation of India as manufacturing hub in the Solar PV.
- VGF (Viability Gap Funding) will be released to the developer on commissioning of power plant.
- The Solar PV Projects shall be installed and commissioned within 13 months from the date of singing of their Power Purchase Agreements (PPAs) subject to provisions of the PPAs and guidelines of the scheme.
How to Apply:
The projects would be selected through a process of open competitive reverse e-bidding on Viability Gap Funding (VGF) required by the Bidders to enable them to supply the solar power to SECI.
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