Central public sector undertakings (PSUs) will acquire more than two lakh hectares to set up 47,000 mw of green power units under a new plug-and-play model, aimed at accelerating solar capacity expansion by derisking projects from land acquisition and availability of transmission corridors as well as reduce tariffs by up to 20 paise per unit.
Under the new model, PSUs under the power and renewable energy ministries will acquire the land through fully-owned SPVs (special purpose vehicles). The land may be purchased outright or leased from state governments and private land owners. State governments too can take full ownership of SPVs in suitable cases.
Central utilities such as PowerGrid will set up the transmission infrastructure for these locations. This will result in a hassle-free staging arena — called ‘ultra-mega renewable energy power parks’ hosting aggregate capacity of 4,000 mw each Read more
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