750 MW Solar Power Plant In India Gets World Bank Financing Commitment

December 23, 2014 By Karen Henry

taj mahal sunrise energy manageAn ultra mega solar power project (UMPP) in India has received a financing commitment from the World Bank, Clean Technica reports. The 750 MW solar power plant would require a total investment of about $1.3 billion and would likely be the largest solar power plant in the world.

The 550-MW Topaz Solar Farm is currently the world’s largest. The 550-MW power plant located in California’s San Louis Obispo County became fully operational in November.

The plant will be located in the state of Madhya Pradesh and is expected to be among the first to receive financial support from the Indian government. It is one of the first UMPPs India hopes to establish. Over the next five years, the country expects to commission 25 UMPPs, each with a minimum generation capacity of 500 MW.

In addition to the Madhya Pradesh plant, NTPC Limited, the largest power-generating company in India, has been tasked with setting up UMPPs in Telangana, Andhra Pradesh, Uttar Pradesh and Odisha.

India’s Prime Minister Narendra Modi has an aggressive target of 100,000 MW of solar generation by 2022. India’s existing target is 20,000 MW.

Photo via Shutterstock.

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