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Gujarat govt envisages Rs 2.20 lakh cr investments in renewable energy

Friday, 11 Jan 2019
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The government of Gujarat is eyeing cumulative investment of Rs 2,20,000 crore during the next 10 years in the renewable energy sector.

While an investment of Rs one lakh crore is expected in the next three years in solar and wind power generation projects, another Rs 1.20 lakh crore will be invested by private players in ‘hybrid parks’, wherein both wind and solar projects can come up at the same location.

Under their three-year plan for the renewable energy sector, the state government intends to generate 10,000 MW through solar energy and 5,000 MW through wind energy.

Some of the major projects envisaged for the next three years include a 5,000 MW solar park at Dholera and 1,000 MW wind energy project near Pipavav port where windmills will be installed in the sea near the port.

By 2022, the state intends to produce 22,922 MW electricity through solar and wind, which will be around 54 percent of total power production of the state. In order to attract new companies, the wastelands located near 66 kV substations all over Gujarat will also be allotted for solar power generation.

It has already identified 50 such sub-stations around which land is available. As per estimates, 3,000 MW electricity can be generated through solar parks built on those tracts of land. The government will only provide land on rent.

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