Daily News Wrap-Up: Favorable Policies Boost Solar Open Access Installations in Gujarat
POWEGRID to raise ₹22.5 billion via bonds
September 27, 2023
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Favorable geography and climate combined with a proactive government catapulted Gujarat to the top position among states for open access solar in the second quarter of 2023. Consumers, especially those in the C&I segment, are happy with the savings on their power bills, thanks to open access solar. Gujarat has just notified the Renewable Energy Policy 2023 to develop 100 GW of renewable energy capacity by 2030. This is expected to enhance further Gujarat’s reputation as one of the leading states for renewable energy generation. Gujarat has also formulated one of the best hybrid energy policies in India.