New Delhi: The states of Andhra, Gujarat and Rajasthan are listed on the top of the list of states that have maximum capacity of solar power generation. They have got approval under solar parks in India. The announcement was made on the basis of the latest data of 26,449 Megawatt capacity projects released recently by the Ministry of New and Renewable Energy (MNRE).
Experts that are handling this big renewable energy capacity study under the 45 solar parks with approval that are spread across 22 Indian states said that, it would require minimum investment of Rs.1 lakh crore to more than Rs. 132,000 crore. The list includes smallest solar park of India which is in Meghalaya and Mizoram with 20 Mw capacity and the biggest solar park being in Dholera, Gujarat with 5,000 Mw capacity.
Girishkumar Kadam, Vice President and Sector Head of Corporate Ratings at ICRA said, “As a result, efforts both from central and state governments are required to enable and co-ordinate with nodal implementation agency of a solar park, especially for land acquisition and transmission connectivity, in a time-bound manner so that solar projects of larger size can be attracted through bidding route in such parks.” He further added, “Certainly, states with vast arid land having better solar radiation resources like Rajasthan, have relatively better potential for large-sized solar parks."
Kadam emphasized that setting up of 26,449 Mw capacity of solar power projects can be done with an investment of about Rs. 1 lakh crore, converting into Rs. 3.7 crore for every MW capacity. Abhishek Poddar, Partner-Asia Pacific at consulting firm ATKearney was of the opinion that the investment could reach over Rs.5 crore per Mw. The Government of India has set the target of 175, 000 Mw of total solar power generated by 2022 that includes 100, 00 Mw from the solar projects.