The main purpose of this project is to generate a clean form of electricity through renewable solar energy sources. The project involves the installation of a 500 MW solar power project in the Andhra Pradesh state of India.
The Project activity is a new facility (Greenfield) and the electricity generated by the project will be exported to the Indian electricity grid. India predominately relies on thermal/fossil fuel-based power plants, over the first 10 years, the project will replace anthropogenic emissions of greenhouse gases (GHG’s) estimated to be approximately 996,010 tCO2e per year, thereon displacing 1,051,200 MWh/year of electricity from the generation-mix of power plants connected to the Indian grid.
Contribution to sustainable development:
Ministry of Environment and Forests, has stipulated economic, social, environmental, and technological well-being as the four indicators of sustainable development. The project
contributes to sustainable development using the following ways.
The project would help in generating employment opportunities during the construction and operation phases. The project activity will lead to development in infrastructure
in the region like the development of roads and also may promote business with improved power generation.
The project is a clean technology investment in the region, which would not have been taken place in the absence of the VCS benefits the project activity will also help to
reduce the demand-supply gap in the state.
The successful operation of the project activity would lead to the promotion of solar power generation and would encourage other entrepreneurs to participate in similar
Solar being a renewable source of energy, it reduces the dependence on fossil fuels and conserves natural resources which are on the verge of depletion.
Due to its zero-emission, the Project activity also helps in avoiding a significant amount of GHG emissions and specific pollutants like SOx, NOx, and SPM associated with the conventional thermal power generation facilities.