Daily News Analysis

Solar Parks

14th July, 2021 ENVIRONMENT AND ECOLOGY

Context

  • NTPC Renewable Energy Ltd (NTPC REL), has been given the go-ahead by Ministry of New and Renewable Energy (MNRE) under Mode 8 (Ultra Mega Renewable Energy Power Park) of Solar Park Scheme.
  • NTPC REL has plans to generate green hydrogen on a commercial scale from this park.

 

More about news:

  • NTPC successfully commissioned India’s largest Floating Solar of 10 MW on the reservoir of Simhadri Thermal Power Plant, Andhra Pradesh.
  • NTPC strides towards building 60 GW Renewable Energy capacity by 2032.
  • NTPC Renewable Energy Ltd , a 100% subsidiary of NTPC, will set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat.
  • This will be India’s largest solar park to be built by the largest power producer of the country.

 

Solar park scheme

  • The Government of India has set a national target of installing 1,00,000 MW grid connected solar power capacity in the country by December, 2022.
  • As on 31.10.2019, a total grid connected solar power generation capacity of 31,696 MW has been set up in the Country, projects of 17998 MW capacity are at various stages of installations.
  • Most of the Solar power projects in the country have been/are being set up with private investment.
  • The scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” was rolled out by Ministry of New & Renewable Energy on 12-12-2014.
  • Under this scheme, it was proposed to set up at least 25 Solar Parks and Ultra Mega Solar Power Projects targeting over 20,000 MW of solar power installed capacity within a span of 5 years starting from 2014-15.
  • Under the scheme, the Ministry provides Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report (DPR).
  • Beside this, CFA of up to Rs. 20.00 lakh per MW or 30% of the project cost, including Grid-connectivity cost, whichever is lower, is also provided on achieving the milestones prescribed in the scheme.
  • The scheme facilitates and speed up installation of grid connected solar power projects for electricity generation on a large scale.
  • All the States and Union Territories are eligible for getting benefit under the scheme.
  • The capacity of the solar parks shall be 500 MW and above. However, smaller parks are also considered

Solar Parks in India:

https://pib.gov.in/PressReleasePage.aspx?PRID=1735085