NEWS

Karnataka Cabinet clears Karnataka Renewable Energy Policy

DETAILS

• It is operative for years 2022-27
• Provides for developing the State as a hub of renewable energy generation as well as manufacturing of equipment related to renewable energy
• Envisages upgrading the renewable energy generation capacity of the State to 10 GW in the next five years
• Includes 1 GW of rooftop solar energy
• Presently, the State has renewable energy generation capacity of 15,392 MW
• Aims at developing Karnataka as the major exporter of renewable energy to other States by utilising the opportunities in the State for maximining renewable energy generation
• Envisages economic development of Karnataka by attracting investments in the field of renewable energy generation in a massive way
• Wants to develop exclusive green power corridors for evacuation of power from generation site with private participation
• Is focusing on creation of market for development of suitable storage capacity for the proposed increase in generation of the renewable energy
• Promote floating solar and hybrid generation units in the hydel stations
• Setting up of renewable energy parks at various places in the State including the hybrid parks