Connect with us

Hi, what are you looking for?


Clean Power

India Announces 2 GW Worth Of New Large-Scale Solar Projects

Two gigawatts (GW) worth of new large-scale solar energy projects will soon be constructed in the nation of India, according to the country’s finance minister Shri Chidambaram.

During his interim budget speech earlier this week, Chidambaram stated that, given the success of India’s JNNSM national solar mission so far, the government was now aiming to see the development of four more large-scale solar energy projects during 2014–2015 — each with a capacity of over 500 MW.

Image Credit: Solectria Renewables

Image Credit: Solectria Renewables

Current reports are that the four projects will be located in Jammu, Kashmir, Rajasthan, and Gujarat — and that they will form part of the JNNSM.

PV Tech provides more:

Plans are already underway in India for a multi-stage 4 GW ultra mega solar power project in Rajasthan. Six companies involved in the project signed a memorandum of understanding on the project last week.

However, there are concerns the latest round of “ultra mega” projects may be difficult to finance under the JNNSM’s payment mechanism. The Indian government is already considering project bids for 750 MW of PV available under the first batch of the second round of the JNNSM, which will be supported through a ‘viability gap funding’ mechanism.

Renewable energy consultant Ritesh Pothan questioned whether this mechanism would enable the 2 GW of projects proposed by the minister to go ahead promptly, as there are concerns over the likely speed of payouts under the viability gap funding process.

Pothan also raised the questions of whether or not developers will be able to raise finance at the low government rates, and whether or not such large projects are politically viable given the elections approaching in May. It’s very likely that the current government is going to be booted then, according to most analysts.

“Putting this together at such short notice will be difficult,” Pothan concluded.

Keep up to date with all the latest solar energy news here on CleanTechnica. Subscribe to our free solar energy newsletter or overall cleantech newsletter to never miss a story.


Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like

Clean Transport

EVage is setting up micro factories to produce its Model.X delivery vans to help satisfy the burgeoning demand for electric 4-wheel delivery vehicles. The...

Clean Power

Welcome to another issue of our India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors in...


Tesla’s move into India is currently on hold, Reuters reports, adding that Tesla has abandoned a search for a showroom space while reassigning some...

Climate Change

As schools across India close early for the summer — unable to operate amid the extreme heat and resulting power shut offs — a...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.