Case 21: Bhadla Solar Park

B Rajesh Kumar
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B Rajesh Kumar: Institute of Management Technology

Chapter 25 in Project Finance, 2022, pp 205-208 from Springer

Abstract: Abstract Bhadla project was commissioned in the year 2017. India had pioneered the concept of ultra-mega power plant (UMPP) in a single solar industrial park. The Ministry of New and Renewable Energy (MNRE) had initially set a target for 40 industrial solar parks with a combined capacity of 20 GW and the target was doubled to 40 GW by the year 2022. Bhadla Solar Park is the largest solar park in the world as of the year 2020. The total investment on the project was approximately $1.4 billion. National Thermal Power Corporation (NTPC) and Solar Energy Corporation of India (SECI) have signed 25-year power purchase agreement with developers.

Date: 2022
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DOI: 10.1007/978-3-030-96725-3_25

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