The new solar plant will be Acciona Energía’s largest project in India, where it already owns and operates four wind farms, and reinforces the company’s commitment to growth and geographic diversification.
The project will be included in Acciona Energy's Social Impact Management program, designed to support education, welfare and environmental care programs in the communities in which it operates.
India is the fourth largest power market in the world in terms of installed capacity, with 42 per cent cumulative installed capacity from non-fossil fuel sources. Its target of 500 GW of renewable energy capacity by 2030 puts it among the most promising countries in the world for renewable energy growth.
The installed solar energy capacity in India has increased by 30 times in the last 9 years and Rajasthanhas the highest cumulative large-scale solar installations, with over 18 GW by the end of 2023. The solar power installed in this region represents approximately 25 percent of the cumulative utility-scale solar capacity in India.
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