Gujarat amends policy for allocation of wasteland for renewable energy parks

The Gujarat government has reworked the policy for allocating wasteland for renewable energy parks. These parks encompass power generation using wind, solar and wind-solar hybrid plants. As per the new provisions, a renewable park project will have a period of three years from the date of handing over of the sites to build a minimum of 50 per cent of the park’s total capacity, following which it will have two years to complete the entire work. Even those developers who have been awarded projects by the Solar Energy Corporation of India (SECI) will have to ensure that they establish 50 per cent and 100 per cent of the capacity in three and five years, respectively. The state government will provide the wasteland on lease for 40 years – five years for development and 35 years for power generation. Further, the park developer will be allowed to sub-lease the land to project developers. All the benefits announced under the policy will be offered to developers for 40 years from the date the land is leased out to them.

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