Industry majors such as Tata Power called it a significant leap for green energy while experts also said the initiative poses a challenging threat to thermal power plants
February 17, 2020. By News Bureau
The government has announced that it will set up ultra-mega renewable energy parks of a total of 50 gigawatt (GW) in Gujarat and Rajasthan in what could be the world’s largest renewable energy investment programme, people familiar with the development believed. Industry majors such as Tata Power called it a significant leap for green energy while experts also said the initiative poses a challenging threat to thermal power plants.
In a letter to all solar and wind developers, the new and renewable energy ministry said land would be made available for setting up solar, wind and wind hybrid plants and that the proposed parks have necessary clearances from state governments and the defence ministry, sources said. The ministry has identified Khavada in Gujarat and Jaisalmer in Rajasthan for renewable energy parks of 25,000 megawatts each, they said.
The ministry also said that the power ministry will be requested to strengthen transmission to these locations within 24 months for evacuation of power from these parks, they said. The government is already working on a 50 GW battery storage manufacturing plan. Renewable energy firms have hailed the move and said setting up of such large capacity in phases is possible. Tata Power managing director Praveer Sinha said it is a great opportunity to leapfrog India’s quest for clean energy. “Coal is a sunset industry which will last for about 25 years,” he said. “We at Tata Power have decided not to set up any new coal-based plants as we expect post 2050 India will be free from coal-based power. With new solutions of solar, wind, hybrid, storage and demand response, we will be able to cater to electricity requirements with better load management.”
Himanshu Mishra, vice-president of SunSource Energy Pvt Ltd, said the ultra-mega parks may help pull down renewable energy prices. “Such RE generation combined with stranded thermal asset may help in asset utilisation for energy and also provide relief to worries of growing NPA in power sector and also provide tool towards better load balancing,” he said. Prime Minister Narendra Modi had in September last year announced the plan on scaling up of renewable energy target to 450 GW by 2030 during the Climate Action Summit convened by the United Nations.
AI will move from being a good-to-have technology to a must-have technology
We Need to Create Employment Opportunities that would Inspire Women to Join Clean Energy Space
There Must be a Penal Mechanism on Discoms for Delay in Signing PPAs, Payments Release
India’s Power Sector Must be Financially, Physically Resilient to Secure Investments it Needs