Wednesday, February 26, 2014: With clean energy initiatives all over the world, many new concepts of using solar resources have come up. The recently announced concept of a solar park in India saw the light of the day. Reportedly, the 18 MW Tirunelveli solar power plant in the southern state of Tamil Nadu have started its operations, as the park aims, through its designed to help commercial and industrial businesses explore solar energy options.
Pashupathy Gopalan, the president of SunEdison (Asia Pacific, GCC and South Africa) said, “The Tirunelveli Solar Park is a tremendous growth opportunity for our company because it allows us to reach a new customer base of businesses. We’re offering a turnkey solution that allows commercial and industrial businesses to take advantage of renewable tax incentives with minimal effort. We’ve developed this model to make solar a hassle-free investment for businesses.”
This solar park is a project developed by the SunEdison, which will allow businesses to procure as much solar electricity as they need, by way of owning the facility. It is expected that the businesses investing in the Tirunelveli Solar Park are likely to get their returns on the investments due to the Accelerated Depreciation Benefit for Solar tax law and low solar power pricing via Open Access.
The Accelerated Depreciation Benefit allows businesses in India to receive 100 per cent depreciation on solar assets, in the first year after purchase. The Open Access program allows developers to sell Renewable Energy Credits. The plant includes SunEdison AP90 single-axis trackers that are designed to maximize electricity harvest by following the sun throughout the day. The 80-acre solar power plant, in Munanjipatti near Tirunelveli, Tamil Nadu, will be managed by the SunEdison Renewable Operation Center (ROC).
