Selected under a pilot project of Union ministry of new and renewable energy (MNRE), Mangalore University is the only government building in Karnataka and among 37 across India that will get grid-connected roof-top solar photo-voltaic system. The university will be eligible for 550-kW of power at zero investment under the pilot.
Implemented by Solar Energy Corporation of India (SECI), the pilot will see 1,000 MW power generated across these 37 institutions and SECI has contracted ReNew Solar Energy Private Ltd to execute the project as per the technical specifications and other tender conditions. The pilot will benefit the university immensely and it does not have to make any investment in the project. ReNew will make the entire investment as per terms and conditions of the pilot.
ReNew will maintain the project for the next 25 years. ReNew will execute a power purchase agreement for 25 years where the university will receive a flat Rs 3.839 per unit of power generated. All the unused rooftop spaces on the Mangalagangothri campus will be used for installing rooftop solar PV system.
This pilot will result in an annual saving of around Rs 1.5 crore.