Maharashtra’s Renewable Energy Capacity Increases by 9% Over Previous Year: Economic Survey

The Economic Survey of Maharashtra 2022-23 was presented by the Finance Minister, Devendra Fadanvis, on 8th March 2023. The survey provides an insight into the economic trends in the state and highlights the mobilization of resources and their allocation in the budget.

According to the survey, Maharashtra’s installed capacity of renewable energy has increased by 9% in 2022-23 as compared to the previous financial year. This increase has propelled the state to fifth place in the country, with a capacity of 11,400 MW, including 3,352 MW of solar energy. Rajasthan, Gujarat, Tamil Nadu and Karnataka states are ahead of Maharashtra in terms of RE installation. Maharashtra has been actively promoting clean energy to ensure affordable, reliable, sustainable and modern energy for all.

The report also highlighted the improvement in Renewable Purchase Obligation for all power utilities in the state for 2022. Maharashtra’s increase in renewable energy capacity is a positive sign towards achieving the country’s target of 175 GW of renewable energy capacity by 2022.

The state has made significant efforts towards promoting clean energy and reducing its carbon footprint. The increase in renewable energy capacity will not only contribute to the state’s economic growth but also help in reducing its dependence on non-renewable sources of energy.

Last month Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) invited tender to procure 1000 MW (AC) solar power through competitive bidding process (followed by e-reverse auction) from projects to be connected at distribution network (11/22 KV) in Maharashtra under “Mukhyamantri Saur Krishi Vahini Yojana”

Last date for submission of Technical & Financial bids is 17.03.2023.