To generate 1MW(lay man sense,1000 EB units per hour) power you would require 4 acres land. This can cost you about 8 crores. You can get incentives from Ministry of New and Renewable Energy. It can pay itself in about 7 yrs and remaining 15yrs it would be free or for profit.
- 1000 Units per hour,8 hrs of production = 8000 units
- Govt can procure for about Rs 6 per unit. Fixed price for 25 years. Need a 33kv substation near by
- 300 sunny days in a year
- Approximately generates income of Rs 1.2 crores/year.
- It works out to be IRR(Internal Rate of Return) 15% a year post tax