Menu
Business

Forecast for India Looks Sunny

India is currently on track to have the world’s largest solar power generation plant by 2016. This is yet another noticeable step in the country’s effort to expand clean energy production.

The project is a joint venture between the Indian government and the Solar Energy Corporation of India. Upon completion, the plant will have an output of 750 megawatts (MW), far exceeding the recently operational 550 MW capabilities of Desert Sunlight Solar Farm in California.

The acquisition of the 1,500 hectares (approx. 3,700 acres) necessary for a plant of this size is nearly complete. By April, the government expects to begin accepting bids from developers.

Additional Chief Secretary for New and Renewable Energy SR Mohanty has said, “We are planning to inaugurate the plant on August 15, 2016. The plant will be developed in three segments of 250 MW each. Land acquisition will be over by end of month and over 90% land for the project is owned by government.”

The proposed expansion of solar power generation projects in India has been spurred on by the drop in cost of solar power production, especially in comparison with other sources of energy, such as coal.

India’s Prime Minister Narendra Modi spoke at the global conference RE-Invest 2015 last Sunday, “We have always spoken of energy in terms of megawatt. It is the first time we’re talking of gigawatt. We have no option but to make a quantum leap in energy production and connectivity.”

Last year, India’s Energy Minister Piyush Goyal stated that the country aim to create 100 GW of solar power by 2022. A sensible plan, given the nation’s average of 300 sunny days per year and the need to reduce its all-too-heavy dependency on coal.

H/T: The Times of India