Torrent Power commits $5.7 billion investment in Gujarat
Torrent Power will develop 3,450 MW of solar power projects, 1,045 MW of hybrid power projects, and the solar park infrastructure for a 7 GW solar power project in Gujarat. It will also set up a 100 ktpa green hydrogen/green ammonia production facility in the state.
Torrent Power commits INR 47,350 crore renewables, green hydrogen investment in Gujarat
Torrent Power will invest INR 47,350 crore (around $5.7 billion) in green hydrogen and green ammonia production, solar and hybrid power generation, and power distribution in Gujarat.
Gujarat is progressing towards its solar PV rooftop target 2021-22
Gujarat tops the list of Indian states with respect to installed solar rooftop capacity, as it has already achieved around 40 percent of its allotted target. The persisting pandemic has slowed down the pace of capacity addition but policy incentives like SURYA- Gujarat are paving way towards Gujarat’s clean energy transition.
Gujarat notifies guidelines for small-scale distributed solar projects
The state government’s Policy for Development of Small-scale Distributed Solar Projects 2019 allows any individual or company to set up solar plants in capacities ranging from 0.5 MW to 4 MW for sale of electricity to the DISCOMs.
