Karnataka Solar Scheme for Farmers – Opportunities for Developers to Set up 1 MW – 3 MW

KRED(Karnataka Renewable Energy Development, LTD) recently invited applications for 300 MW to setup solar plants with 1MW to 3 MW capacity, only farmers who own agricultural lands in state of Karnataka were eligible to participate in the process, this has created a new gold rush in Karnataka to setup solar plants for two reasons

  1. PPA tariff is ₹8.00 to ₹8.40 per kwh
  2. PPAs are assignable to 3rd party developers

KRED had received around 300 applications and entire application process was completed under 7 minutes

This initiative from KRED has led to new and innovative business models which are win-win for both the farmers who have obtained PPAs and developers who are willing to partner with the farmers

KRED has started assigning PPAs for farmers who have been selected in the online application process, We are working with several farmers who have obtained PPAs and are looking for investors

Are you a developer interested in setting up 1 MW Solar Plant? This is a golden opportunity for developers who are able to capitalize on this scheme

Call us today at +91 9550004871 to discuss the details

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One thought on “Karnataka Solar Scheme for Farmers – Opportunities for Developers to Set up 1 MW – 3 MW

  1. How to Obtain Cheap International Financing for 1 MW – 5 MW Solar Projects In India? – Maharshi Solar Powertech's Blog

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