Developed at an investment of Rs 16,500 crore, the world’s largest solar park, nick named ‘Shakti Sthala’, was developed by the Karnataka Solar Power Development Corp. Ltd (KSPDCL), a joint venture between the Karnataka Renewable Energy Development Ltd (KREDL) and Solar Energy Corp. of India (SECI).
With an installed capacity to generate 2,000 MW of electricity, the park positions the state of Karnataka as the 3rd largest producer of renewable energy in the country taking the overall installed capacity to 23,379 MW. Bold strides will be taken to transform the State into an energy surplus state, the minister announced.
“We have set the goal to source at least 20 per cent of people’s power requirements from renewable projects,” he said, addressing the media at the event.
The project was developed across an area that covers five villages, spanning an area of 13,000 acres. On this the minister added, “The project has been executed within a record time of two years, with zero land acquisition. the farmers who have leased out their land are reaping greater benefits with Rs 21,000 per acre being offered as rental, an amount which has the scope to grow by five per cent every two years.”
The project will enable over 2,300 Pavagada farmers by providing employment and socio-economic growth opportunities. state Energy Minister D K Shivakumar said.