The third memorandum of understanding (MOU) in almost as many days has been signed for a multi-gigawatt pipeline of PV power plants in the Indian state of Rajasthan.
The latest agreement signed by the Rajasthan government is with Indian firm Reliance Power, which proposes developing up to 6GW of PV in the state over the next decade.
The MOU was signed by the chief minister of Rajasthan, Vasundhara Raje, and the chairman of Reliance Power, Anil Dhirubhai Amban, during a meeting in Jaipur. If built out, the projects would double Reliance's current operational portfolio of 6GW of various generation types.
Reliance Power’s plans follow the signing of MOUs for two similarly massive prospective solar deals for the state, one for 10GW by conglomerate, Adani Enterprises, and another of an unspecified size by Essel Group, which said it wants to pump US$600 million into the state.
Some have tipped Rajasthan to overtake neighbouring Gujarat as India’s leading state, though few further details of how these projects will be delivered have yet to emerge.
According to Bridge to India, research by the organisers of a forthcoming renewable energy conference, Re-Invest, indicates that the industry currently has non-binding solar investment commitments of 166GW.