India’s NTPC Ltd. plans to set up a 5 gigawatt solar park in the western state of Gujarat, which would be the biggest in the country, as the top electricity generator shifts toward cleaner energy.
A site has been identified for the project, which is expected to cost as much as 250 billion rupees ($3.5 billion) and begin operations by 2024, according to a company official, who asked not to be named as the plan isn’t public yet. The company may also invite bids from developers to set up projects in the park.
The plan is part of the NTPC’s aim to build 32 gigawatts of renewable capacity by 2032 and reduce the share of fossil fuels in its energy mix to 70% from about 96% now.
