Karnataka cabinet approves its renewable energy policy 2022-27

The Karnataka State Government’s Cabinet has approved the Karnataka Renewable Energy Policy for the years 2022-2027. According to the policy, Karnataka will have a renewable power generation capacity of 10 GW in the next five years. Rooftop solar alone is expected to account for at least 1 GW by 2027.

Several renewable energy parks, including some hybrid ones, will be built in Karnataka. The initiative aims to make Karnataka a manufacturing hub for renewable energy equipment. In Karnataka’s hydel stations, there will also be a focus on floating solar power projects and hybrid power generation units. By expanding power generation, the government also intends to export large amounts of renewable energy to other states. The programme has placed great emphasis on the state’s economic development through encouraging investments in the renewable energy sector. There will be exclusive green power corridors with a higher level of private sector participation, and power will be evacuated from these corridors.

The proposed strategy also envisions the formation of a market for a balanced growth of storage capacity, which will aid in the increased output of renewable energy. This also aims to improve power supply dependability by ensuring renewable electricity availability 24 hours a day, seven days a week, and adding to the load factor of renewable energy plants.

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