SJVN, a public sector company in India, plans to set up 4.2 GW wind and solar projects in Gujarat.
During the first phase of the project, the company will add 1 GW renewable energy capacity.
SJVN said majority of the solar and wind capacity addition will be based on solar photovoltaic modules assembled and manufactured in India.
In addition, the first project will be developed by SJVN itself with the subsequent phases opened for private project developers.
The project forms a part of the recently developed policy by India government to encourage public sector companies to develop ultra-mega renewable energy projects with capacities of 4 GW, to promote the usage of domestically manufactured solar power equipment.
The policy will allow India government to add 20 GW solar power capacity through ultra-mega solar power projects each with a capacity of 500 MW to 4 GW.
India plans to add about 100 GW solar power capacity and 70-80 GW wind energy capacity by 2022.
Earlier, SJVN, a joint venture between the Government of India and Government of Himachal Pradesh, signed agreements to develop a 4 GW ultra mega solar power project in Rajasthan, which later got cancelled.
Sabeena Wahid
editor@greenechlead.com