The transition towards greener energy in India’s Uttar Pradesh is gaining significant momentum as energy players are constantly investing in the region’s renewable energy sector.
For instance, an investment proposal valued at around Rs 4,782 crore ($613 million) in Clean Energy was announced at an event held earlier this month.
According to a government spokesperson, Uttar Pradesh has become one of the most preferred destinations for investment as the government offers a positive environment and complete cooperation to investors.
The spokesman further stated that looking at the distribution of proposals sector-wise, there are nearly 23 projects in the renewable energy sector, which are expected to come up in 21 districts.
The districts include Jalaun, Mau, Badaun, Mahoba, Banda, Fatehpur, Mirzapur, Pilibhit, Ballia, Azamgarh, Kanpur, Noida, Pratapgarh, Sonbhadra, Sitapur, Jhansi, Agra, Shahjahanpur, Aurraiya, Ambedkar Nagar, and Unnao.
Under the grouping of projects valued at more than Rs 500 crore ($64 million), Jalaun has received the major investment in two villages with two solar plants by SJVN Ltd, a hydroelectric power generation company in Orai worth Rs 791 crore ($101 million).
SJVN is planning to invest around Rs 1,000 crore ($128 million) by executing three Solar Power Projects in the state.
Besides these 2 projects in Jalaun, the third Solar Power Project is located in Kanpur.
Talking about the grouping of between Rs 500 crore ($64 million) to 200 crores ($25 million), AMP Energy is planning to invest in projects valued up to Rs 450 crore ($57 million) and Rs 300 crore ($38 million) in Ballia and Mau districts, respectively.
Additionally, several other projects in the same category are lined to be executed in Azamgarh, Banda, Fatehpur, Jhansi, Noida, Sitapur, Aurraiya, and Sonbhadra districts.
As per the provided information of projects worth between Rs 200 crore ($25 million) to Rs 10 crore ($1.2 million), the major investment has been obtained by Jalaun made by SAEL Limited worth Rs 170 crores ($21 million).
Furthermore, the state government is eyeing on replacing conventional energy sources like hydrocarbon energy with solar, wind, and green hydrogen.
Source Credit - https://energy.economictimes.indiatimes.com/news/renewable/ups-transition-towards-green-energy-gains-momentum/92325235