SJVN Limited achieved full Commercial Operation Date (COD) for its 1,000 MW Bikaner Solar Power Project in Rajasthan on December 24, 2025, and subsequently reached a cumulative generation milestone of 1 billion units on March 20, 2026.
The utility-scale facility reached its first billion-unit (BU) milestone within three months of achieving full operational status. The project was implemented by SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of SJVN Limited, and represents a significant addition to the company’s operational renewable energy portfolio.
Regulatory Framework and Administrative Context
The project was developed under the Central Public Sector Undertaking (CPSU) Scheme Phase-II, Tranche-III, as administered by the Ministry of New and Renewable Energy (MNRE). SJVN secured the project through a competitive bidding process conducted by the Indian Renewable Energy Development Agency Ltd. (IREDA), utilizing Viability Gap Funding (VGF) support. The facility is situated across 5,000 acres of outright-purchased land spanning the Bandarwala and Karnisar Bhatiyan sites in the Bikaner district of Rajasthan.
Technical Specifications and Domestic Content Requirement (DCR)
The facility was executed under Domestic Content Requirement (DCR) mode, mandating the use of solar cells and modules manufactured within India to support indigenous industrial capacity. The project’s 2.4 million modules, which include bifacial crystalline-silicon technology, were supplied by TP Solar Limited from its Tirunelveli manufacturing facility.
- Compliance Mode: Domestic Content Requirement (DCR) utilizing domestically produced cells and modules
- Module Count and Manufacturer: 2.4 million modules from TP Solar Limited (Tirunelveli facility)
- Total Project Capacity: 1,000 MW AC / 1,400 MWp DC
- Total Land Area: 5,000 acres
- Technology Type: Crystalline-silicon bifacial modules
Financial Summary
The capital structure of the project is characterized by an 80:20 debt-equity ratio, supported by a significant term loan agreement from IREDA.
| Metric | Details |
| Total Project Cost | ₹5,492 crore |
| IREDA Loan Amount | ₹4,444.71 crore |
| Debt-Equity Ratio | 80:20 |
Generation, Tariff, and Power Allocation
The Bikaner project operates under a fixed maximum usage charge (tariff) of ₹2.57 per unit. In its inaugural year of operation, the facility is projected to generate approximately 2,455 million units (MU). The cumulative generation over the project’s 25-year operational lifespan is estimated at approximately 56,838 MU.
The generated power is allocated to three state-level offtake entities under long-term agreements:
- Rajasthan Urja Vikas and IT Services Limited (RUVITL): 500 MW
- Jammu & Kashmir Power Limited (JKPL): 300 MW
- Uttarakhand Power Corporation Limited (UPCL): 200 MW
Environmental Impact and Grid Connectivity
The project is estimated to result in a reduction of 27,85,077 tonnes of carbon emissions over its operational life. The facility is integrated into the national grid via the 400/220 KV Bikaner-II substation, which functions as part of the Inter-State Transmission System (ISTS). SJVN management has stated that the project’s completion and generation performance demonstrate the company’s technical excellence and operational efficiency in managing utility-scale renewable infrastructure.
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