What is the cost of 1 kWh solar grid in India?

What is the cost of 1 kWh solar grid in India?

The cost of 1 kWh of solar power generated from grid-connected solar power plants in India can vary depending on a number of factors, such as the location of the plant, the size of the plant, and the specific technology used. However, as of 2021, the average cost of 1 kWh of solar power generated in India is around Rs 2.5 – Rs 3.5. It’s subject to changes based on Indian Government policies, International price of Solar panels etc.

Sure, additional factors that can affect the cost of solar power in India include the cost of financing, taxes, and tariffs, as well as the availability of government incentives and subsidies. The Indian government has set a target of achieving 100 GW of installed solar capacity by 2022, and has implemented various policies and programs to encourage the development of solar power in the country. This has led to a significant decrease in the cost of solar power in India over the last few years, and the cost is expected to continue to decrease in the coming years.

In addition, the cost of solar panels, which account for a significant portion of the total cost of a solar power plant, has also decreased significantly in recent years due to a combination of factors such as technological advancements, increased competition and economies of scale.

It’s also important to note that, costs of power generation varies in different state of India. The states that have good solar radiation and low land acquisition cost have relatively lower generation cost than the ones who have low solar radiation and high land acquisition cost.

Overall, the cost of solar power in India is relatively lower compared to many other countries, making it an attractive option for power generation.

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