MoUs of Rs 1-lakh cr for renewable energy sector at summit

AHMEDABAD: Renewable energy sector received a boost at Vibrant Gujarat Global Investors Summit here today when as many as 67 MoUs were inked for setting up power plants related to solar and wind energy.

Sector-wise, highest number of MoUs (67) were signed in the renewable energy sector, envisaging a total capital investment of more than Rs one lakh crore.

MoUs have been signed for projects based on solar and wind energy generation of more than 9,000 MW, said officials of the Energy Department.

Wind energy major Suzlon inked an MoU for setting up world's largest greenfield wind farm of 1,500 MW in Kutch district.

Announcing this at the two-day summit that opened today, Suzlon MD Tulsi Tanti said his Group has lined up investments of around Rs 9,000 crore in Gujarat.

Gujarat State Petroleum Corporation (GSPC) also signed an agreement for developing a 200 MW wind farm power plant in the state.

"We have recently announced new policies related to wind and solar energy because we want to give thrust to the renewable energy sector as it has huge potential," Principal Secretary (Energy and Petrochemicals) S Jagdeesan told PTI.

He said private players have found the policy encouraging and therefore they have come up with big proposals regarding setting up projects related to solar and wind power generation.