SoftBank, SkyPower Global Eye Share In 1 GW Solar Power Park In India

A number of Indian and foreign project developers are looking to set up projects under the planned 1 GW solar power park in the Indian state of Odisha.

According to media reports, interested developers include SoftBank-led SB Energy and Canada-based SkyPower Global. Among the Indian developers looking to set up projects are Azure Power, Panchvaktra Holdings, Orange Renewable and  Shapoorji Pallonji.

Last year, the government of Odisha has announced plans to set up 1 GW solar power park spread over 5,000 acres of land. The state would acquire 20% of the electricity generated while the developers shall be free to sell the balance in open market, perhaps one of the reasons for such great interest shown by these companies.

Under the public partnership model, Green Energy Development Corporation of Odisha Ltd (GEDCOL), a 100 per cent subsidiary of Odisha Hydro Power Corporation would be the nodal agency for implementation of the solar park. GEDCOL would partner with Solar Energy Corporation of India (SECI) for development of this park.

Auction of projects that will form part of the solar power park will likely by conducted by the Solar Energy Corporation of India (SECI) which also recently auctioned 270 MW solar power capacity in the state.

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