Renewable energy, especially solar energy, has been identified as a sunrise business opportunity by the Aditya Birla Group.
The Government of India under the Jawaharlal Nehru National Solar Mission (JNNSM) has set an aggressive target of 1,100 MW by 2013 (11th Five-Year Plan) and 20,000 MW by 2022 (13th Five-Year Plan). In addition, many state governments have announced state policies on solar energy aided by the fledgling Renewable Energy Certificate (REC) Government initiative. A total potential of 64,000 MW by 2022 is estimated by business research analysts.
The solar team has evaluated the complete value chain of solar power, shortlisting the areas that match our Group’s interests. The team is currently focussed on the development of utility scale solar power plants to position itself as an independent power producer (IPP) based on photovoltaic (PV) technology. It is also currently participating in the development of a 5-MW solar PV plant in Rajasthan, apart from various national and state government programmes to develop multi-MW solar PV power plants.
Going forward, the team expects to play a significant role in shaping the country’s solar policies. Besides, the team is also eyeing the Group’s internal requirement arising from the Renewable Purchase Obligations (RPOs) of Group companies. Introducing solar power into the G&V Techno’s energy mix will provide focus on energy sustainability within the Group’s businesses.