Adani to set up rs. 60,000 crore Solar Park in Rajasthan
Japan's Softbank to be the biggest investor in the Indian Solar Market
July 1, 2015Indian Transport to get Solar Power
July 3, 201510 GW Solar Park in Rajasthan
Rajasthan might witness another huge solar investment onto its sunny lands. Rajasthan suffers from huge power shortages and a solar park could be the answer to majority of its power woes. The Adani Group of India has signed a JV with the state government to set up a 10 GW solar park in Rajasthan by 2022. This park will entail a 50% ownership by each of the two parties and will attract investments worth INR 60,000 crores. Adani plans to generate 5,000 MW in the proposed solar park. The proposed park will also have its own manufacturing plant and will thus create huge employment opportunity. This park is supposed to be the largest in India till date and will be known as Adani Renewable Energy Park Rajasthan Ltd. It is expected that the solar park will produce clean energy of ~16,600 million units.
Read about Rajasthan Solar Energy Policy.
Rajasthan has total commitment to achieve 25 GW of solar capacity by 2022. This JV will be a step towards the state’s goals. Rajasthan government shall provide land for the solar park and also some power infrastructure. Also India has a target to build 25 solar parks of capacity greater than 500 MW across the country. Adani group already has a 40 MW solar plant in Gujarat and is also India’s largest private thermal power generating company. The company had also signed a MoU with SunEdison to invest $4 billion jointly for constructing a solar PV plant in Gujarat. I hope Rajasthan, which is one of the largest power deficit states of our country be successful in constructing this solar park, after its dreams of setting up the Mega solar project was shattered on environmental issues.
“This project will be India’s largest solar park and will also house manufacturing facilities to be set up under the country’s ambitious Make In India initiative. We have embarked upon a mission of becoming a world leader in renewable power generation technologies, with a special focus on solar. The development of Solar Park facility is our contribution towards realization of our Honorable Prime Minister’s campaign and commitment towards clean and green energy in India.” said Mr Gautam Adani, Chairman, Adani Group.
Source: Adani PR
3 Comments
Rajasthan has been importing coal from other states for generation of electricity from thermal power stations and therefore, the transportation cost of coal is equal to the cost of coal at coal fields. The cost of the coal is doubled at thermal power stations. The tariffs of electricity are the highest in Rajasthan. Rajasthan is the highest solar potential state in India. Solar power of Rajasthan would not only cater the state demand but it would be also able to supply electricity to neighbouring states.
Congratulations Rajasthan,
Will some body ensure that solar installations in India are Eco friendly i.e easy to deconstruct and recycle after end of plant life
Adani with10000 mw solar pv will need 3.5 crore panels to clean every alternative day hence10 crore litres water every alternative day must plan for ariver aother Indira Gandhi canal in rajasthan.