Punjab signed MoUs worth Rs 13,500 crore for investment in solar projects with American, British and Italian companies, besides setting up of five bio-ethanol refineries in Punjab, at the first Renewable Energy Global Investors Meet and Expo in Delhi. These were inked by Punjab´s New and Renewable Energy Minster Bikram Majithia. Among these, there was one agreement for 500 MW ground-based power plants with an investment of Rs 4,000 crore by 8-Minute Energy, California, 100 MW solar power projects with an investment of Rs 800 crore by Progetika-SRC, Italy, and 300 MW canal-based solar power plants with an investment of Rs 2,400 crore by Lightsource Renewable Development Ltd., United Kingdom.
Besides, 200 MW solar power projects with an investment of Rs 1,400 crore by PLG Energy Systems, Rs 4,000 crore waste to energy project by OTB Energy, UK, Rs 900 crore solar/biomass complex by Spray Engineers, Mohali besides R&D/training/technological development collaboration between British Photovoltaic Association, UK and PEDA were also finalised.
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