Solar energy sector gaining momentum in Karnataka
The solar power sector is gaining momentum in Karnataka ever since the government introduced a solar energy policy (2011-16). The government has recently concluded a bid process, in which 80 Mw (60 Mw for solar PV and 20 Mw for solar thermal) was allotted to developers at tariffs between Rs 7.94 to Rs 8.50 per unit for solar PV and Rs 10.94 and Rs 11.32 per unit for solar thermal projects.
According to a report Renewable Energy prepared by PwC, which was released at the conference on ‘sustainable energy through renewables’, organised by Confederation of Indian Industry (CII), here on Wednesday, Karnataka is the only state to have supported solar projects under the REC (Renewable Energy Certificate) mechanism. Close to 950 Mw of project proposals have been submitted to Karnataka Renewable Energy Development Ltd (KREDL), which are under different stages of implementation like preparation of DPR…..