MNRE to set up 50GW Ultra Mega Renewable Energy Parks

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India’s Ministry of New & Renewable Energy (MNRE) is planning to construct two ‘Ultra- Mega Renewable Energy Parks’ which will have 25GW capacity at Jaisalmer, in Rajasthan and Khavada in Gujarat. According to the experts, this could be the world’s largest renewable energy investment program.

After obtaining clearance by the respective state governments, MNRE will make empty lands available to developers to set-up wind, wind hybrid, and solar plants. Since these regions share borders with other countries, India’s defense ministry will act as an advisory for this project. According to the National budget of 2020, fund allocation for MNRE projects has been increased by 10.62% (INR57.53 billion) compared to the previous year.

A similar plan by the government for a 50 GW battery storage manufacturing plant is already in the works. Under the Jawaharlal Nehru National Solar Mission (JNNSM), India aims at generating 175GW renewable energy by 2022, which comprises 60GW of large scale solar power and 40GW of rooftop solar, with a further 60GW from wind energy. As of 31 January 2020, the country’s total installed capacity stood at 34GW, with wind power totaling 37.6GW, while its solar capacity topped 25.05GW.

The government is already working on a 50GW battery storage manufacturing plant. Indian renewable energy firms have hailed the move and said setting up of such large capacity in phases is possible. Tata Power managing director Praveer Sinha said it is a great opportunity to leapfrog India’s quest for clean energy. According to him, the coal-based industry will last for about 25 years. Tata Power has decided not to set up any new coal-based plants as they anticipate that post-2050 India will be free from coal-based power.

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Date: 26-02-2020 | Source: Smart Energy International, Economic Times

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