One of India’s largest coal-fired power plant developers now plans to use land already allotted for a coal plant project to develop a solar photovoltaic (PV) plant.
RattanIndia Power, which has developed 5.4 GW of coal-fired capacity in the states of Maharashtra and Punjab, reportedly switched its plan for the 324-ha site in Punjab after failure to secure a reliable coal supply nixed a power purchase agreement.
Instead, the firm now plans a 200 MW solar PV plant, and has requested planning permission.
RattanIndia has been bidding for solar projects in India’s auctions and has won 240 MW. The firm aims to double its solar capacity to 500 MW by this summer.
India aims to install 100 GW of solar power capacity by 2020.