Indian state-owned utility SJVN is planning to develop 5GW of photo voltaic, together with ground-mount and floating PV methods, within the state of Punjab.
Throughout a gathering with state leaders final week, SJVN managing director Nand Lal Sharma proposed that the corporate will develop the tasks by forming joint ventures and signing memorandums of understanding.
SJVN is at present growing a 100MW photo voltaic venture in Punjab, for which an influence buy settlement was signed earlier this 12 months with state-owned utility PSPCL.
“SJVN has outlined a roadmap for growing renewable vitality within the state of Punjab attributable to exponential energy demand because of numerous developmental actions,” Sharma stated.
The announcement comes after SJVN revealed in February that it’ll make investments INR500 billion (US$6.7 billion) to deploy 10GW of photo voltaic within the Indian state of Rajasthan within the subsequent 5 years.
The corporate has since awarded Tata Energy Photo voltaic an EPC contract for 1GW of photo voltaic in Rajasthan.
India is on monitor to deploy 20GW of photo voltaic this 12 months, in contrast with 12GW added in 2021, in line with latest analysis from the Central Electrical energy Authority and analyst agency JMK Analysis.