Power & Energy

Power & Energy

Corporate Solution is one of the biggest and the first solar power service provider in India (On the basis of number of projects completed) dedicated only to development of solar power plants.

Solar power is regarded as a key strategic energy source that can address India's long-term power requirements. On average, India has 300 sunny days per year and receives an hourly radiation of 4 to 6 kWh/m2/day. Even if 10% of India's land mass was used for harnessing solar energy, installed solar capacity would be at 8,000GW, or around fifty times the current total installed power capacity in the country. The Jawaharlal Nehru National Solar Mission (referred to as the NSM) was launched by the Ministry of New and Renewable Energy (MNRE) in 2009. It provides preferential feed-in-tariffs (FiTs) to power produced from solar energy. Several states like Gujarat, Rajasthan and Karnataka have also followed the NSM and have implemented their own policies. Maharashtra, Haryana and Uttarakhand have implemented broad renewable energy policies (but not solar specific).

In addition to FiT-based programmes, the federal government, through the Central Electricity Regulatory Commission (CERC), has introduced Renewable Purchase Obligations (RPOs) for renewable electricity. As a further push for encouraging electricity generation from solar energy, solar specific RPOs have been introduced as a subset of RPOs.

The installed capacity in India as of December 2011 stood at 158.5MW . This is projected to increase to around.