Solluz Energy is an India-based EPC contractor in the solar business that specializes in providing quality power from solar systems. In terms of service provision, our areas of specialization include utility-scale solar systems that power business electricity demands. Of these, a 1 MW solar power plant is preferred and optimum for companies wanting to embrace the solar power system.
Understanding a 1 MW Solar Power Plant
A solar power plant ranging between 1 MW (megawatt) has the capacity to produce around 1,000 kVA (kilovolt amperes) of electricity when it is sunny. This scale of solar installation is perfect for industries, manufacturing factories, and commercial businesses that need lots of energy.
Cost of a 1 MW Solar Power Plant in India
The cost of establishing a solar power plant of a capacity of 1 MW in India varies between ₹ 3 to ₹ 3.5 crores. This includes:
- Solar Panels: A parameter that most influences the production of energy.
- Inverters: vital for tapping DC for use by converting it to AC.
- Mounting Structures: Resistant and strong structures to hold the panels.
- Installation and commissioning: Promoting proper configuration and equipment running.
The investment within a PV power plant depends upon the kind of solar panels utilized as monocrystalline or polycrystalline, how and where the solar power plant is located, and the use of extra components like tracking systems.
Land Requirement for a 1 MW Solar Power Plant
In specifics, a 1MW plant needs 4 to 5 acres of land to set up. Key considerations for site selection include:
- Sunlight Availability: Those areas receiving maximum amounts of sunlight are the most efficient ones.
- Topography: Easy to install especially in regions that have insignificant terrains of flat or slightly inclined topography.
- Proximity to Grid Infrastructure: Reduces transmit costs and losses of energy.
Profitability and ROI
Investing in a 1 MW solar power plant can yield significant financial benefits:
- Electricity Generation: Currently the plant’s production is averaging 4000 units per day and therefore produces around 1.4 million units per year.
- Revenue Potential: Due to an average electricity tariff of ₹3 to ₹5 per unit of these appliances, income varies between ₹42 lakhs to ₹70 lakhs per year. It becomes profitable for businesses within 3-4 years in terms of the regained investment only to continue enjoying other profits that may still be forthcoming for the 25-year operating lifespan. Produces 4,000 units per day, amounting to approximately 1.4 million units annually.
- Revenue Potential: With an average electricity tariff of ₹3 to ₹5 per unit, annual revenue can range from ₹42 lakhs to ₹70 lakhs.
- Payback Period: Businesses can recover their investment within 3 to 4 years, enjoying profits for the remaining operational lifespan of 25 years.
Solluz Energy’s Expertise in Solar EPC
- Solluz Energy has always aimed to provide the best solar products and services to meet individual clients’ requirements. We have ways of controlling the whole project from the preliminary assessment of project feasibility up to the final point of project commissioning and possibly maintaining the said project in the long run.
Case Study: Sun System Division at ISGEC Heavy Engineering Ltd. Solar Project
A pioneering undertaking we implemented is the 1,000 kW (1 MW) photo voltaic power plant located on the premises of ISGEC Heavy Engineering Ltd. Yamunanagar. Highlights of this project include:
- Innovative Design: A frame of aluminum type that is mainly suited for installation at the north slope to increase productivity.
- Optimal Space Utilization: It promotes improved energy generation and utilization of space within the designed area of renewable power facilities.
Environmental Impact
On its part, the adoption of solar energy helps go a long way to reduce the environmental impact. A 1 MW solar plant can:
- Reduce our CO₂ emission by about 1,400 tons per annum.
- Be as effective as planting more than seventy thousand trees every year.
- Some of the given projects contribute both to the decrease of the company’s greenhouse gas emissions and the meeting of global sustainability standards.
Conclusion
1 MW Solar power plant is a profitable and environment-friendly proposition for companies in India. With Solluz Energy’s assistance, hopping to solar energy is never a problem as you can receive a high return on your investment while saving costs and helping the environment. Become part of our cause to foster a sustainably conscious community.
