The State Cabinet on Wednesday cleared the Karnataka Renewable Energy Policy (2022-27) that provides for developing the State as a hub of renewable energy generation as well as manufacturing of equipment related to renewable energy.
The policy also envisages upgrading the renewable energy generation capacity of the State to 10 GW in the next five years. This includes 1 GW of rooftop solar energy. Presently, the State has renewable energy generation capacity of 15,392 MW.
The policy aims at developing Karnataka as the major exporter of renewable energy to other States by utilising the opportunities in the State for maximining renewable energy generation. The policy also envisages economic development of Karnataka by attracting investments in the field of renewable energy generation in a massive way.
