India’s Solar Park Scheme Offers $700 Billion Opportunity For Investors
India’s massive solar power park scheme holds immense investment potential, a recent study has found.
India’s massive solar power park scheme holds immense investment potential, a recent study has found.
Once again the Indian state of Gujarat tried its hands at solar power auctions at two solar power parks which had earlier this year failed to attract project developers.
Project developers in India are unwilling to bid for large-scale solar and wind energy tenders, sounding alarms across government circles. The western state of Gujarat witnessed significant under-subscription of solar and wind energy tenders last week.
The state government of Gujarat recently concluded another edition of its biennial Vibrant Gujarat Global Investors Summit. The summit, once again, witnessed pledges being made for large-scale renewable energy deployment in the state, but these pledges need to be taken with a pinch of salt given the poor track record of such pledges being converted into actual operational power plants.
The tender for the first phase of India’s largest solar power parks has been issued by the state of Gujarat. The solar park will be located at Dholera, an upcoming industrial hub.
The Indian state of Gujarat has issued a fresh tender to set up 700 megawatts of solar power capacity. The capacity is perhaps the largest on offer in several years from the state of Gujarat, which is planning to take back the throne of the leading Indian state in the solar sector.
India’s federal government recently gave the go-ahead for development of the country’s largest solar power park in the state of Gujarat.