A 1-megawatt solar power plant is like a big solar energy system. It can be on the ground or called a solar power station. Making a 1 MW solar plant is a big project that needs careful planning and money. The 1 megawatt solar power plant cost can change a lot depending on things like where it is, the technology it uses, local laws, and the special needs of the project.
Solar power systems that produce more than 100 kilowatts are called Solar Power Stations, Energy Generating Stations, or Ground-Mounted Solar Power Plants. Imagine a 1-megawatt solar power plant like a giant solar farm – it’s so powerful that it can provide electricity for a whole business by itself. This type of solar farm needs about 4 to 5 acres of land and can generate around 4,000 kilowatt-hours of affordable electricity every day. If there’s extra electricity, it can be sold back to the government utility company through a process called net metering. In this article, we will look at different things that affect the cost of a 1MW solar plant, like how much a 1 MW solar panel costs, what kind of technology the inverter uses, other costs, and specific things about the place where the plant will be.
1 Megawatt Solar Plant Cost
A 1 MW solar plant in India usually costs between ₹4 to ₹5 crores on average. The main part of a solar power plant is the solar panel, and there are different types of them. Most solar energy systems use crystalline solar panels, which come in two types: monocrystalline and polycrystalline. The 1 megawatt solar panel cost is a major factor in the overall investment. Monocrystalline panels are more efficient but also increase the overall 1 megawatt solar plant cost. There are other factors to consider when putting together the best solar plant for your business.
| Particulars | Estimated Cost |
| Solar Panels | 3 Crore |
| Solar Inverter | 1 Crore |
| Combiners + Junction Boxes | 20 Lakh |
| Protective Gears Arrangement | 10 Lakh |
| SCADA & Data Logger System | 7 Lakh |
| Land Bank | Variable |
| Erection of Project | 50 Lakh |
| Total Project Cost | 4.87 Cr. (Approx.) |
The overall 1 MW solar power plant cost is influenced by multiple factors such as the choice of solar panels, inverters, and additional infrastructure required. The cost of a 1 MW solar panel varies based on the brand, quality, and type of panel chosen.
Key Specifications of a 1 MW Solar Plant:
- Key Components: Solar panels, solar mounting structure, solar inverter, and the balance of the system (cables, fuses, MCBs, and Distribution boxes).
- Energy Output: A 1 MW solar power plant can produce around 4,000 kWh of electricity per day, 1,20,000 kWh of electricity per month, and 14,40,000 kWh of electricity per year.
- Area Required: Approximately 4 to 5 acres of land is necessary for a 1 MW solar plant.
1000 kilowatts make 1 megawatt. A 100-square-foot installation area is required for a 1 kW solar system. Thus, 100 x 1000 = 1,00,000 square feet of space is needed to construct a 1 MW solar power plant.
Site Selection and Acquisition:
Land Cost:
1000 kilowatts make 1 megawatt. A 100-square-foot installation area is required for a 1 kW solar system. Thus, (100 x 1000) = 1,00,000 square feet of space will be needed to construct a 1 MW solar power plant. An expensive initial investment is finding an adequate site for a solar power facility. The costs of land are greatly influenced by elements including location, accessibility, and closeness to electrical infrastructure. Nearly 5 acres of land are required for a 1 MW solar power plant, and the 1 MW solar power plant price varies for different locations and in India. Expenses associated with getting the right licenses, environmental approvals, and land-use permissions from local authorities.
The Engineering, Procurement, and Construction (EPC) cost of a 1 MW solar power plant can vary significantly based on a number of variables, including the plant’s location, the technology it uses, the cost of acquiring the land, and governmental regulations. The 1 MW solar power plant cost can fluctuate based on these elements.
Solar Modules and Inverters:
The primary component of a solar power plant is the solar panel, which comes in a variety of forms. The majority of solar energy frameworks usually use monocrystalline and polycrystalline solar panels. Depending on the type of module, the 1 MW solar panel cost can vary significantly. The 1 megawatt solar panel cost is around ₹3 crore INR for high-efficiency panels. The inverter is another essential part of a solar energy system, converting DC into AC electricity. For a 1 MW solar power plant, the inverter cost is around ₹1 crore INR.
Racking and Mounting Systems
The cost of the solar panel mounting structure, which includes the materials, design, and installation, contributes to the overall EPC costs. About 9–15% of the overall 1 megawatt solar plant cost goes toward the cost of the solar mounting structure. For a 1 MW solar power plant, this cost can range from ₹35 lakh to ₹50 lakh. Prices can vary by 10% to 12% based on location, special offers, and the brand of solar panels.
Combiner and Junction Box
A solar photovoltaic (PV) system requires combiner and junction boxes to ensure overall system performance, effectiveness, and safety. For a 1 MW solar power plant, the cost of combiners and junction boxes is around ₹20 lakh INR.
Protective Gears Arrangement: To avoid injuries and accidents, choosing the right safety gear for working with solar panels is crucial. The cost for protective gear in a 1 MW solar power plant setup is around ₹10 lakh INR.
SCADA & Data Logger System: Effective monitoring and management of solar panel systems require a Supervisory Control and Data Acquisition (SCADA) system and a Data Logger. The cost of one megawatt solar plant is around ₹7 lakh INR.
1 MW Solar Power Plant Project
Setting up a 1 MW solar power plant involves several stages: site selection, engineering design, procurement of components, and construction. The estimated cost for project erection is around ₹50 lakh INR. Other expenses, such as legal fees, insurance, travel expenses, and administrative overheads, should also be factored in. All these factors together determine the final 1 megawatt solar plant cost.
How Futr Energy Can Help ?
Futr Energy provides end-to-end solutions for setting up and managing solar assets. Their expertise includes site selection, project planning, and ongoing maintenance to ensure optimal performance. With advanced solar asset management tools, Futr Energy can help reduce the overall 1 megawatt solar system cost by optimizing project efficiency and minimizing operational expenses. Using their platform, you can monitor and manage your 1 MW solar power plant in real-time, ensuring it operates at peak efficiency and delivers maximum returns on investment.
Conclusion
The development of a 1 MW solar power plant involves significant planning and investment. Understanding the various costs and factors affecting the one megawatt solar power plant cost— from land acquisition to component selection—can help make informed decisions. By leveraging the expertise and solutions provided by Futr Energy, you can optimize the efficiency and performance of your solar plant, ensuring a sustainable and profitable energy future. Whether considering the 1 megawatt solar panel price or the total 1 MW solar power plant cost, a strategic approach will help achieve long-term benefits
FAQs about 1 Megawatt Solar Power Plant Cost
What is the cost of a 1 MW solar power plant?
The cost of a 1 MW solar power plant in India typically ranges from ₹4 to ₹5 crores. This includes expenses for solar panels, inverters, mounting structures, and installation. The exact cost varies based on location, land, and technology used.
How to install a 1 MW solar power plant?
To install a 1 MW solar power plant, follow these steps: site selection (4-5 acres needed), obtain necessary permits, choose components (solar panels, inverters), design the system layout, and set up the mounting structure. Finally, connect to the grid and conduct performance testing to ensure optimal operation.
How much electricity does a 1 MW solar plant produce?
A 1 MW solar plant can produce around 4,000 kWh of electricity per day, translating to approximately 1,20,000 kWh per month or 14,40,000 kWh annually. Actual production may vary based on factors like location, sunlight availability, and system efficiency.
