1Research Scholar, Department of Electrical Engineering, Delhi Technological University, Shahbad, Daulatpur, Delhi
2Professor, Department of Electrical Engineering, Delhi Technological University, Shahbad, Daulatpur, Delhi
3Professor, Department of Electrical Engineering, Delhi Technological University, Shahbad, Daulatpur, Delhi
Online Published on 09 December, 2021.
The use of solar energy from India's perspective is not only limited as an additional source of power generation but also for addressing energy security, reliability, and environmental concerns. India has committed itself to rapid and large-scale renewable energy (RE) capacity addition. Under the Paris agreement, as part of its intended nationally determined contributions (INDCs), India intends to achieve a 40% share of installed power generation capacity from non-fossil fuel sources by 2030. Besides policy commitments, the cost-competitiveness of RE tariffs is a major determinant of capacity addition. This paper analyzes the effects of different components of solar tariff on levelised cost of electricity (LCOE) using system advisory model (SAM). Further, through sensitivity analysis it has been demonstrated that among various factors, the module cost has the highest sensitivity on LCOE. The paper also discusses economics of other solar projects viz. solar roof top, solar water pumping and solar parks in India.
Levelized cost of energy, Sensitivity analysis, Viability gap funding, Generation based incentive, Accelerated depreciation, Discount rate
