The disparity between central and state government renewables policies must be resolved and renegotiating signed PPAs is an absolute no-no, according to the solar business’ bosses.
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
The Uttar Pradesh Government is looking for private investment worth Rs 55 billion (UD$809 million) for the proposed Bundelkhand Green Energy Corridor, which is expected to generate 4 GW of solar power.
States such as Karnataka and Madhya Pradesh, which previously took the lead in terms of installed solar capacity, are likely to take a back seat on this issue, due to the rollback of incentives.
Encouraged by the state’s investor-friendly solar policy, distributed power producer Amplus Energy Solutions will install 400 MW of solar capacity for R20 billion over three years. In the first phase, Amplus will develop a 50 MW ground-mounted project in Mirzapur district.
The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.
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