MP implements 26 MWp rooftop solar programme via RESCOs

After the success of the 750 MW Rewa Ultra Mega Solar project in Rewa, the Government of Madhya Pradesh (GoMP) is now aiming to create a new model for success in rooftop solar energy generation. This is in line with India’s ambitious target to achieve 40 GW of solar rooftop installation by 2022. The MP Urja Vikas Nigam Limited (MPUVNL), under a recently unveiled tender intends to develop 26 MWp of rooftop solar projects through Renewable Energy Service Company (RESCO) mode. The projects are being implemented largely in the government buildings using the subsidy of GoI and GoMP.

Second pre-bid meeting for this tender is being held in New Delhi on June 22 at the Madhya Pradesh Bhawan. RESCOs from across the country are expected to participate in this pre-bid meeting.

Under the RESCO model, the project developer will invest, build and operate the rooftop solar project by using the mix of ‘its own funds’ and ‘taking debt’, to generate electricity and sell it to the beneficiary (generally the owner of the premise) and thereby earn revenues.

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