Solar Parks

Description

Context

NTPC Renewable Energy Ltd (NTPC REL), has been given the go-ahead by Ministry of New and Renewable Energy (MNRE) under Mode 8 (Ultra Mega Renewable Energy Power Park) of Solar Park Scheme.
NTPC REL has plans to generate green hydrogen on a commercial scale from this park.

More about news:

NTPC successfully commissioned India’s largest Floating Solar of 10 MW on the reservoir of Simhadri Thermal Power Plant, Andhra Pradesh.
NTPC strides towards building 60 GW Renewable Energy capacity by 2032.
NTPC Renewable Energy Ltd , a 100% subsidiary of NTPC, will set up 4750 MW renewable energy park at Rann of Kutch in Khavada, Gujarat.
This will be India’s largest solar park to be built by the largest power producer of the country.

Solar park scheme

The Government of India has set a national target of installing 1,00,000 MW grid connected solar power capacity in the country by December, 2022.
As on 31.10.2019, a total grid connected solar power generation capacity of 31,696 MW has been set up in the Country, projects of 17998 MW capacity are at various stages of installations.
Most of the Solar power projects in the country have been/are being set up with private investment.
The scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” was rolled out by Ministry of New & Renewable Energy on 12-12-2014.
Under this scheme, it was proposed to set up at least 25 Solar Parks and Ultra Mega Solar Power Projects targeting over 20,000 MW of solar power installed capacity within a span of 5 years starting from 2014-15.
Under the scheme, the Ministry provides Central Financial Assistance (CFA) of up to Rs. 25 lakh per solar park for preparation of Detailed Project Report (DPR).
Beside this, CFA of up to Rs. 20.00 lakh per MW or 30% of the project cost, including Grid-connectivity cost, whichever is lower, is also provided on achieving the milestones prescribed in the scheme.
The scheme facilitates and speed up installation of grid connected solar power projects for electricity generation on a large scale.
All the States and Union Territories are eligible for getting benefit under the scheme.
The capacity of the solar parks shall be 500 MW and above. However, smaller parks are also considered