Private and public sector firms have signed memoranda of understanding covering the renewables sector worth more than INR1tn ($14bn) at the recent Vibrant Gujarat Global Summit. The government has also set up a National Solar Energy Corporation to promote solar energy in India.
Private and public sector firms have signed memoranda of understanding covering the renewables sector worth more than INR1tn ($14bn) at the recent Vibrant Gujarat Global Summit. Among the notable deals were Adani Green Energy and Gujarat Energy Development Agency's investment in a hybrid park in Kutch, and a 1 GW offshore wind power project agreed between the Solar Energy Corporation of India and Gujarat Power Corporation.