RENEWABLE ENERGY

Power fix: Policy on wasteland allocation to RE parks revised

The Gujarat government on Monday revised its policy for allocating wasteland for wind, solar and hybrid (wind and solar) power generation parks.

According to revised provisions, the renewable energy park developer will have to build 50 per cent of the park’s total capacity within three years from the time the land is leased. Further, the developer will have to ensure that 100 per cent capacity is created in five years from the land allocation, says the state revenue department’s resolution dated September 14, 2020.

“If a developer is allotted land for 1,000MW, the developer will have to create 500MW capacity in the first three year. However, if the developer is able to build only 300MW, the total capacity of the renewable park will be reduced to 800MW at the end of the 3-year period.

Source
ET Energy World
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