RENEWABLE ENERGY

How Rewa solar park helped India’s green economy turn a corner

As Prime Minister Narendra Modi dedicates the 750 megawatt (MW) solar project at Rewa in Madhya Pradesh to the nation on Friday, the project that settled the debate on competitive tariffs from green energy sources in India finds its rightful place under the sun.

Spread over 1,590 acres; there are many a firsts to the Rewa Ultra Mega Solar Ltd (RUMSL), a joint venture of state-owned Solar Energy Corp. of India Ltd (SECI) and Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL).

One of the world’s largest solar park, it caught global attention and become an anthem for India’ clean energy evangelists, by landing a then record low-winning bid of ₹2.97 per kilowatt-hour (kWh) in the country through intelligent risk distribution.

By breaking the electricity grid parity barrier in February 2017, the project brought home the point that solar energy is no longer a green fad but a game changer in India’s energy mix.

Source
Livemint
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