The Ministry of New & Renewable Energy (MNRE) has initiated scheme for setting up of 25 Solar Parks, each with the capacity of 500 MW and above, to be developed in next five years in various States.

The Ministry has sent scheme for Development of Solar Park to various States along with MOU to all the state Governments against which 12 states have given consent for setting up of Solar Parks. According to Piyush Goyal, Minister of state for Power, Coal & New and Renewable Energy (Independent Charge) the estimated cost for development of solar park would be around Rs.0.95 Cr./MW. 

Solar Power Plants of various capacities would be set up by Solar Power Developers in the Park. The developers would be selected through bidding process under Central/State Schemes. As per tariff determined for the year 2014-15 by Central Electricity Regulatory Commission (CERC), the capital cost of Grid connected solar PV project is Rs. 6.91 Cr./MW.
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