Showing posts from November, 2020

What is PPA

 A power purchase agreement (PPA), or electricity power agreement, is a contract between two parties, one which generates electricity (the seller) and one which is looking to purchase electricity (the buyer). The PPA defines all of the commercial terms for the sale of electricity between the two parties, including when the project will begin commercial operation, schedule for delivery of electricity, penalties for under delivery, payment terms, and termination. A PPA is the principal agreement that defines the revenue and credit quality of a generating project and is thus a key instrument of project finance. There are many forms of PPA in use today and they vary according to the needs of buyer, seller, and financing counterparties. PPAs facilitate the financing of distributed generation assets such as photovoltaic, microturbines, reciprocating engines, and fuel cells. A power purchase agreement (PPA) is a legal contract between an electricity generator (provider) and a power purchaser

Procedure to setting up a PV Power Plant in India

 Procedure to setting up a PV Power Plant in India 1. Select the capacity of project you want to set up. (For Example, 1MW or 20 MW or 100 MW) 2. Selection of land- It should be within 2km of power substation to reduce the power evacuation charges. Land requirement per 1MW varies from 4.5 acres to 6.5 acres. 3. Getting approval from government and owner for land clearance. 4. Choose mode of power plant setup-     a. Off-Grid Captive Consumption for domestic premises     b. Off-Grid Captive Consumption for commercial premises     c. Grid Connected (Net Metered) Captive Consumption for domestic premises     d. Grid Connected (Net Metered) Captive Consumption for commercial premises     e. Sale of Power generated to local Distribution Company (DISCOM)     f. Sale of Power generated to 3rd Party consumer (Industry or Commercial entity) 5. Check for government policy for selected mode.(Refer to MNRE (Union Ministry of New & Renewable Energy)  or State Energy Development Agency) 6. Look

New solar plant design increases efficiency by 125%

  Designing solar panels in checkerboard lines increases their ability to absorb light by 125 per cent, a new study says. Researchers say the breakthrough could lead to the production of thinner, lighter and more flexible solar panels that could be used to power more homes and be used in a wider range of products. The study investigated how different surface designs impacted the absorption of sunlight in solar cells, which when put together form solar panels. Scientists found that the checkerboard design improved diffraction, which enhanced the probability of light being absorbed that is then used to create electricity. The renewable energy sector is constantly looking for new ways to boost the light absorption of solar cells in lightweight materials that can be used in products ranging from roof tiles to boat sails to camping equipment. Renewable energy—including solar power—made up 47 per cent of the UK's electricity generation in the first three months of 2020. Solar-grade silic