Gujarat’s total installed solar energy capacity was 10,133.66 MW as of June 30th, 2023. In 2022-23, Gujarat generated 10,335.32 MU of solar energy. On August 8, 2023, Minister of New and Renewable Energy and Power RK Singh delivered the information in Rajya Sabha. This was in response to a question raised by Rajya Sabha Member Parimal Nathwani.
According to the statement by the minister, as of June 30th, 2023, a total solar power capacity of 70,096 MW has been installed in the country. Hence, the potential of solar energy is not fully tapped so far. The statement says that solar projects are developed largely through private investments by the project developers selected through tariff-based competitive bidding, for captive consumption, and third-party sale, etc. At present 55.90 GW solar projects are under implementation.
Nathwani wanted to know about the total installed capacity of solar power generation in the country, how much of the potential has been tapped and plans for more commercial solar power plants in the country.
According to the statement of the minister, the government has taken various steps to promote renewable energy, including solar energy, in the country. The government has permitted Foreign Direct Investment (FDI) of up to 100% under the automatic route. The waiver of Inter State Transmission System (ISTS) charges applies to inter-state sales of solar and wind power projects commissioned by June 30, 2025.
A trajectory for Renewable Purchase Obligation (RPO) has been declared for the year 2029-30. Government has issued orders that power shall be dispatched against Letter of Credit (LC) or advance payment to ensure timely payment by distribution licensees to renewable energy generators. The Green Term Ahead Market (GTAM) has been launched to facilitate the sale of Renewable Energy Power through exchanges.
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