Ahead of the Vibrant Gujarat Global Summit (VGGS), the Gujarat government has chalked out an action plan to increase the share of renewable energy in the total energy generation from 10 per cent to 17 per cent by 2022.
To achieve the target, the State government looks to add 1,000 MW of wind power and 3,000 MW of solar power projects each year till 2022, informed a top government official.
The renewable projects will entail huge investment from the project developers. The estimated per megawatt cost for renewable energy is pegged at ₹4 crore, working out to about ₹16,000 crore worth of investment each year till 2022, by when the Centre aims to install 175 GW of renewable energy capacities in the country. Read More