Connect with us

Hi, what are you looking for?


Clean Power

$200 Million Coal Tax Revenue To Fund 1,000 MW Solar Park In India

Solar Energy Corporation of India (SECI) has announced yet another plan to boost India’s rapidly growing solar power capacity. SECI plans to set up a 1,000 MW solar photovoltaic (PV) park in the southern state of Andhra Pradesh. The project will get financial support from the Japanese International Cooperation Agency (JICA).

Charanka Solar Park Gujarat, India

Charanka Solar Park Gujarat, India
Credit: Gujarat Energy Development Agency

The solar park will be built on 5,000 acres of land in Mehboobnagar district of Andhra Pradesh and may require an investment of up to US $1 billion. About 20 per cent of this investment would come from the National Clean Energy Fund which derives revenue from tax on coal produced and imported into the country. Multilateral banks like the World Bank and the Asian Development Bank may also be approached to provide financial support at nominal interest rates.

“The entire capacity will come up over the next 18 to 24 months. The site identified by the Mahboobnagar collector will be made ready with necessary infrastructure with an initial outlay of Rs 600 crore (US $97 million),” said Rajendra Nimje, Managing Director of SECI, the nodal agency for implementation of solar power projects in the country.

SECI has joined hands with Andhra Pradesh Industrial Infrastructure Corporation for the land allocation for the solar park. The basic infrastructure for the solar park is expected to be ready within 5-6 months, and after that bidders will be selected based on competitive bidding process. The developers can set up projects in a minimum modular unit size of 10 MW and above.

The development of this solar park will be followed with the development of four other solar parks in states of Odisha, Rajasthan, Tamil Nadu and Andhra Pradesh as per the current agenda of SECI. According to Managing Director of SECI, they have already signed deal for the development of biggest solar park in the country in the state of Rajasthan with an aggregate capacity of 4,000 MW.

Once commissioned, the solar park in Andhra Pradesh will overtake the one operational in the state of Gujarat, which has an installed capacity of around 220 MW.

Keep an eye on all of our solar energy news by subscribing to our solar energy newsletter or overall cleantech newsletter.

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

Mridul currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.


You May Also Like

Clean Power

The Solar Energy Corporation of India has issued a 2 gigawatt solar power tender.  SECI has offered project developers the opportunity to develop solar...

Clean Power

The world’s largest solar engineering, procurement, and construction firm has selected Nextracker to supply trackers for a mega solar power project in India. According...

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...

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...

Copyright © 2023 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.