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. 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 for evacuation of power from generation sitewith a higher level of private sector participation.

 

GET ACCESS TO OUR ARTICLES

Enter your email address