The state of Maharashtra has invited solar power bids for 500 MW
The bids intend to increase the share of renewable energy
The purchase agreement is for 25 years
Maharashtra State Electricity Distribution Company will sign the deal
Of the 39,084 MW solar plant installed in India, 2,290 MW is in Maharashtra
India targets to hit the capacity of renewable energy plant at 450MW by 2030
From FY2017 onwards, 78 GW got cancelled from the 143GW tender for solar plants
Currently, the renewable energy production capacity is 94GW
34 GW is being installed whereas 30 GW is in the bidding process
Solar projects from any part of the country can participate in the bid
Projects that are not purchased but under installation can also take part
