Indian Prime Minister Narendra Modi’s home state of Gujarat will be the home of a 4.2-gigawatt wind and solar park, with construction set to begin by the end of the year, Renewable Energy World reports.
SJVN Ltd., a company based in Shimla in northern India, will build the first gigawatt of capacity over the next three years at a cost of 65 billion rupees (US$1.05 billion), 75% of which will be funded through debt. Executive Director R.K. Agarwal said private developers may be invited to participate in the second phase of the project.
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Last month, global solar company SunEdison announced a $4-billion, 7.5-gigawatt-per-year solar manufacturing facility that will create 4,500 direct and 15,000 indirect jobs in Gujarat.
