India’s Karnataka plans to triple solar targets to 6GW

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Karnataka is already on course to meet this new target. Credit: tata

The Indian state of Karnataka is planning to increase its solar energy targets to 6GW, up from the 2GW set in 2014.

The previous target was set for 1,600MW of utility-scale solar and 400MW rooftop PV at a time when the Renewable Purchase Obligation (RPO) was set at 3% across India. Karnataka is now revising its goals to be in line with 8% RPO target.

Mudit Jain consultant at Bridge to India told PV Tech: “It is not unusual for the states to increase the target. It is determined by RPO.”

Jain added that Karnataka is already on course to meet this new target, having released tenders for more than 2GW of utility-scale PV and signed more than 200MW of rooftop tenders.

Furthermore, India’s largest utility NTPC has a tender of 600MW and the Solar Energy Corporation of India (SECI) has a 1GW tender for private independent power producers.

NTPC is also developing 1GW for its own portfolio in Karnataka, said Jain.

While states such as Odisha and Uttar Pradesh have seen extensions or legal stays on their RPO targets, others such as Telangana, Andhra Pradesh, Karnataka and Jharkhand are rapidly scaling up their solar programmes and going far beyond their RPO targets, according to Bridge to India.

In a blog for PV Tech yesterday, Jasmeet Khurana, associate director, consulting, Bridge to India, yesterday singled out Karnataka as one of the Indian states likely to see curtailment of solar power in the near future, along with Andhra Pradesh, Jharkhand and Telangana.

Bridge to India believes that the future risk of curtailment of power due to grid congestion, especially in high renewable penetration areas, can upset project cash flows and return expectations.

Karnataka also recently revised its tariff for small-scale and rooftop solar systems downwards in the range of 25-45% in response to a reduction in the capital costs of solar.

Read Next

May 18, 2022
Powering electrolysers with renewables generation that would otherwise be curtailed could be an effective strategy for producing green hydrogen in the coming years until the H2 sector benefits from further cost declines, it was suggested during a panel discussion.
May 9, 2022
US Energy Secretary Jennifer Granholm has raised concerns about the country’s ability to move to a carbon pollution-free power sector by 2035 unless there is a quick resolution to the Department of Commerce’s (DOC) solar tariff investigation.
May 9, 2022
Indian independent power producer (IPP) Azure Power has appointed Harsh Shah as CEO, effective from 1 July, following the resignation of its previous CEO, Ranjit Gupta, last month.
May 6, 2022
Tata Power Solar has landed what it claims to be India’s largest single solar EPC order of 1GW for roughly INR5500 crore (US$715 million) from Indian state-owned utility SJVN Ltd.
May 2, 2022
Private equity firm Actis has agreed to sell its Sprng Energy renewables platform to energy major Shell for US$1.55 billion.
May 2, 2022
Indian Independent power producer (IPP) ReNew Power has signed a number of offtake agreements with both state utilities and corporates in India totalling roughly 2GW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA