With this award, the company’s solar capacity under implementation in the state has now swelled to 400 MW, including another 250 MW in Dholera Solar Park and 100 MW in Raghanesda Solar Park.
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.
Gujarati utility GUVNL hoped to allocate 1 GW of capacity at the solar park but ended up awarding just a quarter of that figure, with Tata Power Renewable Energy the beneficiary. A bid for 50 MW of capacity by the state-owned Gujarat Industries Power Company Ltd was rejected.
Reduction in solar park charges was not enough to attract developers in the same numbers that flocked to a separate 500 MW exercise two months earlier. The Raghanesda Solar Park continues to be a headache after a previous attempt was cancelled because the tariffs were deemed too costly.
The independent solar power producer commissioned over 250 MW in the current quarter alone, which is among the highest installations by a company in this period. With this, its total operational portfolio in India is now over 1,400 MW.
Head of industrial conglomerate makes pledge at Vibrant Gujarat Summit as part of his company’s ambition to install 10 GW of renewables capacity by 2022.
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