The Gujarat government is eyeing cumulative investment of Rs 2,20,000 crore in the renewable energy sector to produce 30 GW of renewable energy during the next 10 years.
By 2022, the state government aims to increase the generation of renewable energy to 53% of the total power production in the state, from a current 28% said the state energy minister Saurabh Patel. He added that in the next 10 years, the state government planned to generate at least 30,000 MW of renewable energy.
The Gujarat minister further added that to encourage both wind and solar production, the government has made a policy for the hybrid park. Under this policy, at least 30,000 MW of renewable energy will be produced in coming 10 years. The government will provide wasteland on 40-year lease on which the developer has to activate 100 per cent capacity within 10 years of leasel. He clarified that land would be provided on annual rent of Rs 15,000, which would be increased by 15 per cent every year.
Under their three-year plan for the renewable energy sector, Gujarat government intends to generate 10,000 mega watt (MW) through solar energy and 5,000 MW through wind energy, Patel told reporters.
Some of the major projects envisaged for the next three years include a 5,000 MW solar park at Dholera and 1,000 MW wind energy project near Pipavav port, where windmills will be installed in the sea near the port.
“We have planned to attract an investment of Rs 1,00,000 crore in the next three years in these projects. At present, renewable energy production in Gujarat stands at 7,645 MW, that is 28 percent of total power production of the state,” said Patel.
“By 2022, we intend to produce 22,922 MW of electricity through solar and wind, which will be around 54 percent of total power production of the state. In the long run, our push will be on renewable energy rather than conventional electricity generation,” the senior minister said.
To attract new players in this sector, Patel said the wastelands located near 66kv substations all over Gujarat will also be allotted for solar power generation.
Gujarat launched ‘wind-solar hybrid power policy – 2018‘ in June last year, and is aiming to make optimum utilization of the land and grid; the Gujarat government aims to generate 30,000 MW of electricity. He added that Rs 1.20 lakh crore would be invested in the sector over next 10 years and an additional Rs 10,000 crore would be invested for electricity lines to transfer the power.
Outlining the plan for the next three years, he said that the state aimed to generate 15,000 MW of energy, of which 10,000 MW would be solar and 5,000 MW wind energy. State will produce 22,922 MW (53 %) renewable energy of total energy production by 2022. This figure is mere 7645 MW which is around 28 % at present.