The Indian state of Punjab has awarded 250 MW of solar projects to 26 private developers who are set to invest between US$420 million and US$500 million in the ventures.
According to Indian daily The Economic Times, the list of project investors includes Lanco Solar Energy, Punj Lloyd Infrastructure, Moser Baer Clean Energy, Essel Infra Projects, Asopus Infrastructure, Welspun Solar Punjab and Azure Urja.
Punjab Deputy Chief Minister Sukhbir Singh Badal said the state has set a target to generate at least 1,000 MW power from renewable resources of energy like solar, biomass, co- generation, mini-hydel and solar roof tops in the next four years," The Economic Times reported.
Badal added that Punjab was exploring the possibility of setting up a mega solar park to promote clean energy in a big way.
The Punjab government awarded the solar projects in two categories of 1 to 4 MW and 5 to 30 MW. In the smaller category, a total 18 companies were granted projects totaling 50 MW, while 11 companies were awarded projects for 200 MW in the 5 to 30 MW category, the newspaper said, citing Anirudh Tiwari, secretary of Power & non-Conventional Energy.