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With the completion of the final phase of the 300 MW solar power project, India's largest solar farm is fully completed and operational
.
Hero Future Energies, one of India's leading private renewable energy companies, recently commissioned a 300 MW solar power project
at the Bhadla Solar Park in Rajasthan.
Through the project, the solar park is now complete with an installed capacity of 2,245 MW
.
Of this, the Rajasthan government developed 745 MW of capacity, IL&FS's joint venture with the Rajasthan government developed 1 GW of capacity, and another joint venture between Adani Enterprises and the Rajasthan government developed 500 MW of capacity
.
The Bhadla Solar Park is important
in many ways.
In some highly competitive auctions, solar parks have repeatedly set record low tax rates
.
In May 2017, two auctions of 250 MW and 500 MW were held, paving the way
for the lowest ever bidding price for solar power projects in India.
The bid price at the first auction was Rs 2.
62/kWh, the lowest price
at the time.
This offer is 9.
2%
lower than India's previous minimum bid.
Within two days, Acme Cleantech Solutions broke the record
of INR 2.
62/kWh.
The company acquired 200 MW of electricity generation at Rs 2.
44/kWh in a 500 MW auction, a record that has not been broken
to this day.
In December 2019, another 750 MW capacity auction was held and the winning bid price edged up to Rs 2.
47/kWh
.
SB Energy, a joint venture between SoftBank, Foxconn and Bharti Enterprises, likely has the park's largest installed capacity at 600 MW and secured it through three auctions
.
Other major developers working on projects within the solar park include ReNew Power, Acme Solar Holdings, Hero Future Energies and Azure Power
.
With the completion of the final phase of the 300 MW solar power project, India's largest solar farm is fully completed and operational
.
Hero Future Energies, one of India's leading private renewable energy companies, recently commissioned a 300 MW solar power project
at the Bhadla Solar Park in Rajasthan.
Through the project, the solar park is now complete with an installed capacity of 2,245 MW
.
Of this, the Rajasthan government developed 745 MW of capacity, IL&FS's joint venture with the Rajasthan government developed 1 GW of capacity, and another joint venture between Adani Enterprises and the Rajasthan government developed 500 MW of capacity
.
The Bhadla Solar Park is important
in many ways.
In some highly competitive auctions, solar parks have repeatedly set record low tax rates
.
In May 2017, two auctions of 250 MW and 500 MW were held, paving the way
for the lowest ever bidding price for solar power projects in India.
The bid price at the first auction was Rs 2.
62/kWh, the lowest price
at the time.
This offer is 9.
2%
lower than India's previous minimum bid.
Within two days, Acme Cleantech Solutions broke the record
of INR 2.
62/kWh.
The company acquired 200 MW of electricity generation at Rs 2.
44/kWh in a 500 MW auction, a record that has not been broken
to this day.
In December 2019, another 750 MW capacity auction was held and the winning bid price edged up to Rs 2.
47/kWh
.
SB Energy, a joint venture between SoftBank, Foxconn and Bharti Enterprises, likely has the park's largest installed capacity at 600 MW and secured it through three auctions
.
Other major developers working on projects within the solar park include ReNew Power, Acme Solar Holdings, Hero Future Energies and Azure Power
.
