A minister said an unnamed private investor had proposed an 800 MW solar project in the state on top of a 900 MW scheme being carried out with Japan. But the chairman of power giant NTPC said AI and digitization should be used to extend coal burning for decades to come.
The state is lagging woefully in the transition to renewable energy with just 38 MW of solar generation capacity towards its 2020 target of 2.65 GW.
Karnataka has snagged the top spot on the Ministry of New and Renewable Energy’s State Rooftop Solar Attractiveness Index.
The fossil fuel giant announced the plan in its latest annual results. The company envisages rolling out electric vehicle chargers at its petrol and diesel stations.
The utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in Gujarat’s Kutch region. In a separate announcement, the New Delhi-based group opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.
New incentive scheme will see state government offering up to 40% subsidy towards cost of residential solar systems with the aim of adding 8 lakh of new arrays by 2022.
National Thermal Power Corp. (NTPC), India’s largest energy conglomerate, has suffered a serious blow to its reputation after it failed to attract bids for its 1.2 GW solar project, despite multiple deadline extensions.
Gujarat’s total installed solar capacity has crossed the 2.6 GW mark, according to the latest data released by the Gujarat Energy Development Agency (GEDA).
The Shapoorji Pallonji Group’s solar EPC business will hit the capital markets with an initial public offering on Aug. 6.
The plan, announced in parliament, is an extension to the bid to install 1 GW of solar generation capacity during the current fiscal year and hit 5 GW in 2025. The emphasis will be on trackside and static rooftop installations rather than solar train roofs, said the minister for railways.
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