Gujarat bags highest number of solar parks project
According to the Ministry of New and Renewable Energy, Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India. Based on the figures for Government of India’s Solar Parks and Ultra Mega Solar Power Projects scheme, Gujarat has bagged the highest number of approved projects.
IREDA, Rewa Ultra Mega Solar ink Rs 216 cr sub-loan agreement
Indian Renewable Energy Development Agency (IREDA) and Rewa Ultra Mega Solar (RUMSL) today signed a Rs 216 crore sub-loan agreement for Rewa and Mandsaur solar projects in Madhya Pradesh. IREDA CMD K S Popli and RUMSL Chairperson Manu Srivastava have signed the agreement.
Energy from sun is abundant and the sun will continue to shine for billions of years to come. While the solar energy is inexhaustible and renewable, its irradiance is environment-friendly. The solar power system does not emit toxic gases, which are environmentally damaging.
Lack of incentives is affecting growth
Both technology and infrastructure are developing in our country. As a result, the renewable energy segment is witnessing a new paradigm. We have experienced almost 25 per cent growth in the energy storage segment.
Expansion for rural use will be a key driver
The development in the introduced limit in India is driven by monetary impetuses given by the administration. These are required to drive the Indian utility-scale PV development from 35 MW in 2010 to a combined limit of 627.2 MW by 2015.
Lack of accurate DNI data and forecasting techniques are roadblocks
With India eyeing such ambitious targets to magnify its solar capacity to 100 GW by FY 2022, the growth in the sector has been promising, but requires more impetus. On the policy front, although all the states have come up with dedicated solar policies with well-defined targets, there is barely any focus on CSP.
7,500 MW of solar parks planned in Ladakh
The J&K government has signed an MoU with the Centre for the development of two mega solar parks in the rocky mountainous region of Ladakh with a total capacity of 7,500 MW. The government has proposed development of one each Mega Solar Park in the districts of Leh and Kargil, according to Sajjad Gani Lone, State Minister for Science & Technology.
While India is making steady headway on the transmission front and the sector has witnessed commendable growth over the last few years with substantial capacity additions, the distribution or last mile connectivity is still a concern in India.