Gujarat Govt Eyes 2.20 Lakh Crore Investment In Renewable Energy

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The Gujarat government is eyeing cumulative investment of Rs 2,20,000 crore during the next 10 years in the renewable energy sector.

The Gujarat government is eyeing an investment of Rs 1,00,000 crore in the next three years in solar and wind power generation projects. At the same time the government is aiming another Rs 1,20,000 crore investment by private players in ‘hybrid parks’, wherein both wind and solar projects can come up at the same location.

Aim for next three years
Under their three-year plan for the renewable energy sector, the state government intends to generate 10,000 mega watt(mw) through solar energy and 5,000 mw through wind energy, reported PTI.

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Some of the major projects envisaged for the next three years include a 5,000 mw solar park at Dholera and 1,000 mw wind energy project near Pipavav port, where windmills will be installed in the sea near the port.

At present, renewable energy production in Gujarat stands at 7,645 mw, that is 28 per cent of total power production of the state, said state Energy Minister Saurabh Patel. He further informed that by 2022, the state intends to produce 22,922 mw of electricity through solar and wind, which will be around 54 per cent of total power production of the state.

In the long run, Gujarat’s push will be on renewable energy rather than conventional electricity generation, informed the minister. To attract new players in this sector, Patel said the wastelands located near 66kv substations all over Gujarat will also be alloted for solar power generation.

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