- Two private project developers have committed to setting up 250 MW solar PV capacity in Himachal Pradesh
- Renew Energy has signed up to develop 150 MW capacity for an investment of INR 6 billion
- CSE Development will set up 100 MW solar power capacity in the state; together the two projects will require investment of INR 10 billion
Renew Energy Private Ltd and CSE Development (India) Private Ltd have each signed an agreement with the state Government of Himachal Pradesh in India to develop 250 MW of cumulative solar power capacity in the state. While Renew Energy will set up a 150 MW plant, CSE has committed to establishing a 100 MW project.
Together the two companies will invest INR 10 billion ($139 million) on developing the plants with the 150 MW project costing around INR 6 billion ($83 million). In return, the government will support the companies with necessary approvals and clearances.
Local media reported the plants will be located in Una and Kangra districts of the hilly state, which will help Himachal Pradesh achieving its goal of 776 MW of clean solar power by 2022.
In January 2019, India’s National Thermal Power Corporation (NTPC) issued a tender for a 15 MW floating solar PV project for Koldam Hydroelectric Power Plant in Himachal Pradesh (see 15 MW Floating Solar Tender By NTPC).