Gujarat proclaims new solar energy coverage to encourage business and particular person builders

On December 29, the Gujarat State authorities launched a brand new photo voltaic coverage with further advantages to the residential, business and particular person builders for the following 5 years. Dubbed as Gujarat Solar Power Policy 2021, the coverage was introduced by Chief Minister Vijay Rupani at Gandhinagar.
It goals to take away capability ceiling for organising a photo voltaic undertaking permitting the shoppers to lease their premises or roofs to a 3rd celebration for energy technology. That means the property proprietor will have the ability to generate and eat energy on the identical premises.
CM Shri @vijayrupanibjp proclaims Gujarat Solar Power Policy 2021 with an purpose to cut back manufacturing price and provides enhance to competitively priced ‘Made in Gujarat’ manufacturers within the world market. pic.twitter.com/iBGJNMuvuO— CMO Gujarat (@CMOGuj) December 29, 2020
Self-consumption on group possession
Gujarat authorities has allowed group possession of photo voltaic tasks for self-consumption. It shall be based mostly on the ratio of possession. The authorities has additionally diminished the safety deposit required to be given to Discoms for the Power Purchase Agreement (PPA) by the builders to Rs.5 lakh per megawatt which was Rs.25 lakh per megawatt beforehand.
Rupani, throughout his tackle on the launch, mentioned, “Currently, the industry gets power at an average cost of ₹8 per unit. The new policy will help bring it down to ₹4.5 per unit.” The coverage shall be operative for 5 years until December 31, 2025.

Under the brand new coverage, the advantages could be availed for 25 years. As per the reviews, residential models will have the ability to save wherever between Rs.1.77 to Rs.3.70 per unit whereas the commercial models will save wherever between Rs.2.99 to Rs.4.31 per unit. For the third celebration consumers, the financial savings will vary from Rs.0.91 to Rs.2.30 per unit. Individual shoppers, corporative societies, farmers, small builders and households will profit from the brand new coverage.
Provision to purchase surplus vitality
As per the Gujarat authorities’s assertion, the state will buy surplus vitality after setting it off towards the consumption. Discoms will buy the excess vitality from residential shoppers and MSME customers for captive utilization. It shall be set-off towards the consumption at Rs.2.25 per unit for the primary 5 years. After that, it is going to be set off at 75 p.c of the most recent tariff. It shall be contracted through GUVNL through bidding course of for non-park based mostly photo voltaic tasks within the coming six months, and it is going to be legitimate for the remaining lifetime of the undertaking.
Saurabh Patel, Gujarat Energy Minister, mentioned that the coverage would allow residential shoppers, business shoppers, farmers, MSMEs, instructional institutes, religional institutes and so forth. to generate electrical energy and dump the excess. He added that the state had acquired bids for “2,300 MW from residential, small industrial and institutional power producers having a capacity of up to 4 MW at an average price of ₹2.83 per unit.” Based on the grid necessities, the contracts shall be awarded by January 3.
Industries will have the ability to compete in Global Market – CM Rupani
During his tackle, CM Rupani mentioned that with Gujarat Solar Power Policy 2021, the manufacturing price of small and enormous enterprises within the state will come down. It will assist the industries of the state to compete within the world market.
ગુજરાત બેસ્ટ ઇન્ડસ્ટ્રીયલ ડેસ્ટિનેશન બન્યું છે. Gujarat Solar Power Policy 2021થી રાજ્યમાં નાના અને મોટા ઉદ્યોગોની પ્રોડક્શન કોસ્ટ નીચી આવશે, રાજ્યના ઊદ્યોગો વૈશ્વિક બજારમાં સ્પર્ધા કરવા માટે વધુ સક્ષમ બનશે. આ પોલિસીથી આવનારા દિવસોમાં Made In Gujarat વિશ્વભરમાં છવાઈ જશે. pic.twitter.com/DSzCG16C7u— Vijay Rupani (@vijayrupanibjp) December 29, 2020
With the present capability of 11,000 MW of inexperienced energy manufacturing, Gujarat goals to extend it to 30,000 by 2022 primarily utilizing photo voltaic and wind.
Largest renewable vitality technology park in Kutch
On December 15, Prime Minister Narendra Modi laid down the inspiration stone of India’s largest renewable vitality technology park in Gujarat. It could have technology capability fo 30 gigawatts. Spread over 72,600 hectares, the Hybrid Renewable Energy Park is situated close to Vighakot village in Gujarat’s Kutch district. It could have devoted zones for wind and photo voltaic vitality storage and an unique zone for wind park actions.
India planning to convey 1.75 lakh crore funding for the renewable vitality sector
India is planning to acquire as much as Rs.1.75 lakh crore as an funding for the renewable vitality sector. Currently, India has the capability of 90 GW in renewable vitality technology. It contains 37 GW of photo voltaic and 39 GW of wind energy technology capability.
Director-General of Solar Power Developers Association Shekhar Dutt mentioned that India wants funds of Rs. 1.75 lakh crore to attain the steadiness capability of 35 GW to perform the general bold goal of 175 GW by 2022. This contains 100 GW from photo voltaic, 60 GW from wind, 10 GW from biogas and 5 GW from small hydropower.
While speaking in regards to the goal, Union Power and New & Renewable Energy Minister RK Singh mentioned, “We are going to come out with more innovative bids (in 2021).” He added that the previous efforts had put India as essentially the most favoured vacation spot for funding within the clear vitality sector.