Solar energy will play big role in ‘Atmanirbhar Bharat’: PM
11th July, 2020
Context:
Inauguration of a 750 MW solar power project in Rewa district by PM.
PM Statement:
Developed by the Rewa Ultra Mega Solar Limited (RUMSL), a Joint Venture Company of Madhya Pradesh UrjaVikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking.
Will help in achieving the target of paris agreement of achieving the installed capacity of renewable energy of 175 GW including 100 GW of solar capacity.
Price of Solar power has declined from 7-8 rs unit to 2.30 -2.40 rs. Unit.
Significance:
First project in India to break the grid parity barrier.
Delhi Metro will use 24% of the electricity produced from it, Madhya Pradesh will use the rest.
Reduction of carbon emission equivalent to 15 lakh tons of CO2 per year.
Grid Parity:
When price of the alternative source of power is equivalent to the price of Thermal power project.