+
 Haryana enacts guidelines for solar park development by pvt developers
POWER & RENEWABLE ENERGY

Haryana enacts guidelines for solar park development by pvt developers

The New and Renewable Department of Haryana has regulated guidelines for developing solar parks by private developers without the assistance of central finance.

The developers of solar parks are to submit their proposals to the Haryana Renewable Energy Development Agency (HAREDA) with their detailed project reports (DPR) along with relevant documents. After the examination of the DPR, a no-objection certificate will get issued for the solar park.

After the company permits the program, the developer can apply for the feasibility of connection to the Haryana Vidyut Prasaran Nigam Ltd. (HVPNL). The minimum capacity of the solar park should be 50 MW. The developer should also submit the agreement to lease or sell at least 100% of the needed land with the application.

The minimum land area required for the solar park is 4 acres/MW. The cost for the developing 50 MW solar park is considered Rs 100 million. The developer should complete the solar park in two years from the date of the issued no-objection certificate.

For the solar park development, the financial closure can be stated as the arrangement of 90% of the overall project cost either by any internal resources or through external resources by tie-ups with banks or lending organisations. After HVPNL approves, the developer will have to submit the document of the financial closure, bank guarantee, and the land lease or sale agreement within five months for final connection.

At present, the New and Renewable Energy Department of Haryana has issued the draft 'Haryana Solar Power Policy 2021' and had made requests to the government stakeholders to revert with their opinion within 15 days from the date of notification. The draft reads that the state should lay stress more on the rooftop solar projects and small-scale solar projects instead of focusing on the power of megawatt-scale solar projects and parks.

In June 2020, the New and Renewable Energy Department modified its guidelines for the development of solar parks and ultra-mega solar projects. The program started in December 2014 to make it easier for developers to set up their projects by a plug-and-play model.

Image Source


Also read: MNRE regulates guidelines for 12,000 MW CPSU solar project scheme

Also read: Haryana discom regulatory issues charges and caps on RE banking

The New and Renewable Department of Haryana has regulated guidelines for developing solar parks by private developers without the assistance of central finance. The developers of solar parks are to submit their proposals to the Haryana Renewable Energy Development Agency (HAREDA) with their detailed project reports (DPR) along with relevant documents. After the examination of the DPR, a no-objection certificate will get issued for the solar park. After the company permits the program, the developer can apply for the feasibility of connection to the Haryana Vidyut Prasaran Nigam Ltd. (HVPNL). The minimum capacity of the solar park should be 50 MW. The developer should also submit the agreement to lease or sell at least 100% of the needed land with the application. The minimum land area required for the solar park is 4 acres/MW. The cost for the developing 50 MW solar park is considered Rs 100 million. The developer should complete the solar park in two years from the date of the issued no-objection certificate. For the solar park development, the financial closure can be stated as the arrangement of 90% of the overall project cost either by any internal resources or through external resources by tie-ups with banks or lending organisations. After HVPNL approves, the developer will have to submit the document of the financial closure, bank guarantee, and the land lease or sale agreement within five months for final connection. At present, the New and Renewable Energy Department of Haryana has issued the draft 'Haryana Solar Power Policy 2021' and had made requests to the government stakeholders to revert with their opinion within 15 days from the date of notification. The draft reads that the state should lay stress more on the rooftop solar projects and small-scale solar projects instead of focusing on the power of megawatt-scale solar projects and parks. In June 2020, the New and Renewable Energy Department modified its guidelines for the development of solar parks and ultra-mega solar projects. The program started in December 2014 to make it easier for developers to set up their projects by a plug-and-play model. Image SourceAlso read: MNRE regulates guidelines for 12,000 MW CPSU solar project scheme Also read: Haryana discom regulatory issues charges and caps on RE banking

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?