Maharashtra to generate 17,385 MW from solar projects in five years
POWER & RENEWABLE ENERGY

Maharashtra to generate 17,385 MW from solar projects in five years

Energy minister Nitin Raut told the media that Mumbai will now totally focus on renewable energies and should produce 17,385 MW from solar projects within five years.

The ministry recently announced that there will be no further thermal generation units in Maharashtra.

Raut said that Maharashtra is expected to have 25,000 MW of potential from solar projects, although the energy department has established the new Renewable Energy Policy (REP) to produce 17,385 MW over the next five years. The REP will also draw investment of Rs 75,000 in the energy sector and other relevant industries.

Additionally, the Maharashtra Electricity Regulatory Commission (MERC) has fixed a target for the state to meet 25% of its needs from renewable sources across the following five years. As a result, the government has chosen to solely promote renewable energy.

Further, Raut said that solar power will be much cheaper than thermal power, which will benefit industry and agriculture across the state. 30% of the electricity is to be produced only by solar energy by 2030.

The energy department said that the new REP intends to render agricultural pumps with electricity during the day at cheaper costs. A total of 5 lakh solar farm pumps will be introduced in the state across the following five years. Approximately 10,000 households in remote regions will receive solar energy. As per the sources, electricity needs are down 33% during the pandemic and several thermal units have been idle. There is currently an immense gap between supply and demand.

Image Source


Also read: Maharashtra discom opens tender for 500 MW wind-solar hybrid projects

Also read: Maharashtra to spend Rs 25 bn on Mahavitaran power infra

Energy minister Nitin Raut told the media that Mumbai will now totally focus on renewable energies and should produce 17,385 MW from solar projects within five years. The ministry recently announced that there will be no further thermal generation units in Maharashtra. Raut said that Maharashtra is expected to have 25,000 MW of potential from solar projects, although the energy department has established the new Renewable Energy Policy (REP) to produce 17,385 MW over the next five years. The REP will also draw investment of Rs 75,000 in the energy sector and other relevant industries. Additionally, the Maharashtra Electricity Regulatory Commission (MERC) has fixed a target for the state to meet 25% of its needs from renewable sources across the following five years. As a result, the government has chosen to solely promote renewable energy. Further, Raut said that solar power will be much cheaper than thermal power, which will benefit industry and agriculture across the state. 30% of the electricity is to be produced only by solar energy by 2030. The energy department said that the new REP intends to render agricultural pumps with electricity during the day at cheaper costs. A total of 5 lakh solar farm pumps will be introduced in the state across the following five years. Approximately 10,000 households in remote regions will receive solar energy. As per the sources, electricity needs are down 33% during the pandemic and several thermal units have been idle. There is currently an immense gap between supply and demand. Image SourceAlso read: Maharashtra discom opens tender for 500 MW wind-solar hybrid projects Also read: Maharashtra to spend Rs 25 bn on Mahavitaran power infra

Next Story
Products

Mulroom Revolutionizes India’s Furniture Market

India's furniture market, a rapidly growing industry, has long grappled with inefficient supply chains, high costs, and limited customization options. Enter Mulroom, a tech-driven startup founded by Parikshit Guhabiswas, which aims to revolutionize the sector through a direct-to-consumer (DTC) model that empowers craftspeople and small-scale manufacturers while promoting sustainability. Mulroom tackles the industry's age-old problems by eliminating middlemen and implementing a lean, technology-enabled supply chain that cuts down waste and reduces costs. By leveraging AI-powered demand forecas..

Next Story
Infrastructure Urban

Build Capital Exits Second SRA Project with 19.76% IRR

Build Capital, an early-stage real estate financier, has successfully exited its investment in a Slum Rehabilitation Authority (SRA) project near Bandra-Kurla Complex (BKC), Mumbai. This marks another successful exit for Build Capital this year, highlighting its focus on delivering superior stakeholder value through structured real estate financing. Build Capital partnered with the developer during the early stages of the project, which had faced significant delays. Its investment facilitated the completion of rehabilitation works and the conversion of scheme parameters to DCPR 2034, enhancin..

Next Story
Infrastructure Urban

Chandak Group Celebrates Women’s Identity

Chandak Group marked this Women’s Day with a powerful and heartfelt gesture aimed at celebrating the individuality and strength of women. Instead of conventional celebrations, the real estate brand launched a meaningful campaign to honor the women who have made Chandak homes their own. The initiative offered every woman homebuyer a unique, personalized memento—a beautifully engraved, sustainable keyholder featuring her name. This thoughtful token serves not only as a keepsake but also as a recognition of her journey, achievements, and rightful space within the home. The campaign’s emot..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?