Indian Railways will set up solar power plants over roof-tops of its premises in order to reduce dependence on fossil-fuel generated electricity.
It has finally announced plans to expandÂ its presence in the solar power market aiming to aid the government’s plan to have 100 GW operational solar power capacity by March 2022.
The Ministry of Railways has launched a tender to set up 50 MW rooftop solar power capacity. It also said that an additional 100 MW capacity will be offered to prospective developers.
The Indian Railways is planning to set up 1 GW of solar power capacity over the next few years and is currently working on a plan to implement this capacity.
The large-scale solar PV projects are likely to come up on the vast area of unused land available with the railways. This capacity will be set up with support from the Ministry of New & Renewable Energy through financial assistance from the National Clean Energy Fund.
The power generated from these large-scale power plants may be used for meeting the Renewable Purchase Obligation of the Railways, which is one of the largest consumers of electricity in the country, or it could be sold to the power utilities at a fixed pre-determined rate.
Last year, the Indian Railways also announced plans to issue green bonds to potentially raise funds to fuel its renewable energy expansion last year.
Originally from CleanTechnica