Published on: March 31, 2022

KARNATAKA RENEWABLE ENERGY POLICY

KARNATAKA RENEWABLE ENERGY POLICY

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Karnataka Cabinet clears Karnataka Renewable Energy Policy

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  • 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