Draft Scheme for Development of 20GW Solar Parks and Ultra Mega Solar power projects – Circulation for Comments Sept 2014

MNRE through this scheme plans setting up 25 solar parks, each with a capacity of 500 to 1000 MW; thereby targeting around 20000 MW of solar power installed capacity. These solar parks will be put in place in a span of 5 years and the solar projects may then come up as per demand and interest shown by developers.

At the state level, the solar park will enable the states to bring in significant investment from project developers, meet its Renewable Purchase Obligation (RPO) mandates and provide employment opportunities to local population. The state will also reduce its carbon footprint by avoiding emissions equivalent to the solar park’s installed capacity. Further, the state will also avoid procuring expensive fossil fuels to power conventional power plants of equivalent installed capacity.

The solar park will provide a huge impetus to solar energy generation by acting as a flagship demonstration facility to encourage project developers and investors, prompting additional projects of similar nature, triggering economies of scale for cost-reductions, technical improvements and achieving large scale reductions in GHG emissions. Some Ultra Mega projects may be set up in these Parks or entire parts may be an Ultra Mega Power Projects.

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About Ritesh Pothan

Ritesh Pothan, is an accomplished speaker and visionary in the Solar Energy space in India. Ritesh is from an Engineering Background with a Master’s Degree in Technology and had spent more than a decade as the Infrastructure Head for a public limited company with the last 9 years dedicated to Solar and Renewable Energy. He also runs the 2 largest India focused renewable energy groups on LinkedIn - Solar - India and Renewables - India
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