Ahead of a global investor meet in Karnataka, Invest Karnataka announced last month that the state government approved an Rs. 14,800 crore (around US$2.2 billion) 2 GW solar PV plant. While details were thin on the ground, Karnataka Solar Power Development Corp. Ltd has said it plans to locate it in the Tumkur district, roughly 70 km from Bengaluru.
Meanwhile, various media have reported that the Adani Group is set to invest Rs. 7,000 crore in a 1 GW solar plant, also in Karnataka. No further details were available.
At the start of last December, Karnatakas two biggest regulators in clean energy Karnataka Electricity Regulatory Commission (KERC) and Karnataka Energy Development Limited (KREDL) announced a raft of policy tweaks designed to grow its solar energy industry.