Rewa Solar Project

• 13 Jul 2020

• The 750 MW Solar Project set up at Rewa, Madhya Pradesh comprises of three solar generating units of 250 MW each.
• The Rewa Solar Project was the first solar project in the country to break the grid parity barrier. Compared to prevailing solar project tariffs of approx. Rs. 4.50/unit in early 2017, the Rewa project achieved historic results: a first year tariff of Rs. 2.97/unit with a tariff escalation of Rs. 0.05/unit over 15 years and a levelized rate of Rs. 3.30/unit over the term of 25 years. 
• This project will reduce carbon emission equivalent to approx. 15 lakh ton of CO2 per year.
• The Rewa Project has been acknowledged in India and abroad for its robust project structuring and innovations. It has also received World Bank Group President’s Award for innovation and excellence and was included in the Prime Minister’s “A Book of Innovation: New Beginnings”. 
• The project is also the first renewable energy project to supply to an institutional customer outside the State, i.e. Delhi Metro, which will get 24% of energy from the project with remaining 76% being supplied to the State DISCOMs of Madhya Pradesh.
• The Rewa Project also exemplifies India’s commitment to attain the target of 175 GW of installed renewable energy capacity by the year 2022, including 100 GW of Solar installed capacity.