Setting up Solar Farm & its costs

India Farms Blog

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

Further reading

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About Rashid Faridi

I am Rashid Aziz Faridi ,Writer, Teacher and a Voracious Reader.
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One Response to Setting up Solar Farm & its costs

  1. Pingback: Installing Solar Panels In India Is Cheaper Than Importing Coal From Australia!!!(link) | Rashid's Blog

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