Solar Power Plants in Uttarakhand - A great investment opportunity
As the world becomes serious about carbon neutrality and transitioning to a green energy economy, solar power plants have seen a surge in finanicing and investment over the past decade. This wave of 'Green Investment Funds' now crashing across the shores of India is an opportunity of a lifetime. Every indian now has a chance to make money as the sun shines over his land.
In this article we explore the current investent landscape for three different segments based on project size.
1 - Residential Solar Rooftop Power Plant - Investment required Rs.1 lakh up to Rs.10 lakh.
The govt. of India via a combination of central and state government schemes offers subsidies on grid connected solar rooftop power plants of capacity ranging from 3KW to 25KW. These solar power plants help you to save Rs.30,000 to Rs.2.6 lakhs per year in energy costs. That offers a whopping 25% + return on capital invested per year. The best feature of this investment is as future electricity prices go up the savings you make per year also goes up every year protecting you from high future prices.
We offer residential grid connected solar power plants across Uttarakhand. Our systems come with a 5 years comprehensive warranty, 10 years on the inverter and a 25 yr performace warranty on the solar pv panels. Download our pricelist below:
2 - Chief Minister's Solar Entrepreneur Scheme of Uttarakhand 2023 - Investment required Rs.10 lakh up to Rs.1 crore.
The Uttarakhand Mukhyamantri Saur Swarojgar Yojana 2023 (MSSY) is an opportunity of a lifetime for every citizen of Uttarakhand. Solar power generation has emerged as one of the most rapidly growing investment opportunities in Uttarakhand and the current policies offer low cost financing, single window clearences and one of the highiest power purchase tariffs available any where in India currently. As per the illustation published in the government notification the MSSY scheme is open for applicants who wish to setup solar power plants of capacity ranging from 25KW to 200KW. The key features of the scheme are 70% project financing offered, 30% capital subsidy offered which together mean capital investments in this scheme would earn a staggering 30% plus average annual return over the duration of the 25 year power purchase agreement with Uttararkhand Power Corporation Limited.
In order to apply for a solar power plant under this scheme the documents required are:
Goverment Identity Card ( Adhaar/PAN)
Proof of land ownership / Lease deed for 30 yrs.
Geographical location cordinates on map.
Application money based on capacity as mentioned above.
Once you have these documents ready you can begin your project application here: https://msy.uk.gov.in/frontend/web/signup
3 - Industrial Scale Solar Power Plant - Investment required Rs.1.25 crore up to Rs.6.25 crore.
The state government of Uttarakhand is actively inviting applications from investors who wish to setup 1MW to 5MW Solar Power Plants to enhance the grid stability in the state. The government offers incentives in terms of land allotment, capital subsidy and single window clearences for such projects in order to accelerate invetment in this space.
With the Uttarakhand Investor Summit 2023 around the corner there is a buzz that most of the incentives being offered under the MSSY will be expanded to include projects of larger sizes and will also open up to investors not residing within the state.
The key benefits on offer for investors are 70% project financing, 30% capital subsidy which together mean capital investments in this scheme would earn a staggering 30% plus average annual return over the duration of the 25 year power purchase agreement with Uttararkhand Power Corporation Limited.
Please contact us on +91 89540 23000 to know more.