Uttar Pradesh Chief Minister Yogi Adityanath inaugurated 1230 KW solar power plant in Gorakhpur.

Also The Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has invited bids from a selection of solar park developers to develop 200 MW solar park in the state through tariff-based competitive bidding process.

The solar park is to be developed according to the guidelines to set up private solar park in the state under Uttar Pradesh Solar Energy Policy 2017 and the guidelines issued by the Ministry of New and Renewables Energy (MNRE).

The Uttar Pradesh government will provide support for strengthening the grid network, while the DISCOMs will offer to purchase 100 percent power generated by the solar park, and also allow full sale to a third party under the Solar Energy Policy 2017. The minimum capacity for each solar park will be 50 MW. 

Background:-In December 2017, Uttar Pradesh government finalized the state’s solar policy and set a target of 10,700 MW for solar power, including 4,300 MW from rooftop solar projects, by FY 2022. Recently, Uttar Pradesh Electricity Regulatory Commission (UPERC) amended its Captive and Renewable Energy Generating Projects (CRE) Regulations 2014 with changes that are expected to reduce the cost of solar power procured from standalone projects in the state.

Then in July 2018, UPNEDA issued draft guidelines for setting up private solar park in the state. The Uttar Pradesh state government will provide support in grid strengthening for development of private solar parks. The state through its distribution company (DISCOM) Uttar Pradesh Power Corporation Limited (UPPCL), will offer to purchase 100 percent power generated from the solar park. The state will also allow sale of entire energy generated to any third party through open access from such a solar park.

Additional Information:-

Indian Renewable Energy Development Agency Ltd:

Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category – I) Government of India Enterprise under the administrative control of Ministry of New and Renewable Energy (MNRE).

IREDA is a Public Limited Government Company established as a Non-Banking Financial Institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation with the motto: “ENERGY FOR EVER”

The main objectives of IREDA are:

• To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.
• To maintain its position as a leading organization to provide efficient and effective financing in renewable energy and energy efficiency / conservation projects.
• To increase IREDA`s share in the renewable energy sector by way of innovative financing.
• Improvement in the efficiency of services provided to customers through continual improvement of systems, processes and resources.
• To strive to be competitive institution through customer satisfaction.