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Gujarat emerges as top destination for solar power projects with $2.4 bn investment

Thursday, August 27, 2009 0 comments

I couldn't have been more happier. It has been just 3 months since I have started this blog, and every other day there has been a news of Gujarat coming up as a frontier in Solar Energy implementation.

 

According to a recent article by The Economic Times, Gujarat has topped among all the states in terms of solar power investments. The Gujarat government has approved 34 solar power projects at an investment of Rs.12,000 crore (Rs.120 billion/$2.4 billion) over the next few years, to rank it the top Indian state for this clean energy, a senior official has said.

 

These projects would add 716 MW to Gujarat's state electricity grid which would come up to 2-3 % of the state power requirement. This will make Gujarat India's top investment destination for solar power generation and would generate more employment.

 

Many of the firms setting up solar power plants are also keen to start manufacturing various components of these plants within the state. As mentioned in my previous posts companies like Gadhia Solar, Zebasolar,etc.  Solar power firms around the world are making a beeline to India. In fact, the first trade delegation sent by the Barack Obama administration of the US to the country was to seek business opportunities in this field.

 

The GEDA official said the 34 new solar power projects would also provide employment to over 5,000 people. Of the 34 projects, 24 will use photovoltaic technology to produce 365 MW, while the remaining 10 will use the newer solar thermal technology. The solar power plants would generate 1,250 million units of eco-friendly energy every year. This will avoid the use of 875,000 tonnes of coal on an annual basis and 1.25 million tonnes of carbon dioxide emission.

 

I am just hoping that other states in India also comes up with innovative marketing techniques. Afterall, we have to see that FDI in India increases and brings nation-wide prosperity.

 

Keep that Sun Burning!!!

 

 

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Zebasolar announces a 10MW Solar Energy Project in Gujarat

Wednesday, August 19, 2009 1 comments

It seems that the solar energy in Gujarat is going to be a long term story. Recently, Zebasolar, a U.S. based solar developer, announced project plans for a 10 MW solar PV power plant in Gujarat, India. The project will be handled by Zebasolar's Indian based subsidiary.

 

International companies like Zebasolar bring together a load of experience with them along with the tchnical expertise. The company will begin production on the PV project sometime in the next five months, and hopes to see completion and full operation by the middle of 2010. The Gujarat-based plant will be developed by Zebasolar, which plans to establish a joint venture company to arrange the engineering, supplies, and construction contracts. The U.S.-based Zebasolar owns 85% outright of its India-based subsidiary, and currently has plans for more than 25 MW of PV solar projects in the works in India.

 

The company also has an additional 500 MW's worth of projects awaiting approval from the Indian government. The Gujarat solar plant will cost the company €35 million and has an anticipated annual output of 16.37 million KWhs. The plant also has a operation commitment contract for 25 years. The project will consist of PV panels installed directly into the ground at the power plant site.

 

The Gujarat State Energy Agency announced an open tender for electricity prices on the government grid in January 2009 which caused international energy interests in the area to increase rapidly. Since the announcement, over 70 different companies have applied for approval for alternative energy projects. The number of projects submitted, if completed, will total an output of 5,400 MW of energy.

 

The sudden boom in alternative energy in India is due to India's recently announced National Solar Mission, which was approved by the Council on Climate Change earlier last week. India hopes to expand their solar energy yield by almost 20GW by 2020, and by 200 GW by 2050. The thirty year plan will cost the government $20 billion, and greatly increase solar interests in India. (Source: Electric.co.uk)

 

Such investments got a boost from the latest GERC announcement of feed-in-tariffs. This would encourage companies such as Zebasolar to start their operations of solar energy in Gujarat.

 

Which other factors according to you would influence the solar energy market in Gujarat?

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