The state government of Gujarat recently concluded another edition of its biennial Vibrant Gujarat Global Investors Summit. The summit, once again, witnessed pledges being made for large-scale renewable energy deployment in the state, but these pledges need to be taken with a pinch of salt given the poor track record of such pledges being converted into actual operational power plants.
According to media reports, private and government-owned companies have entered into agreements worth over $14 billion for the development of renewable energy projects across Gujarat. These companies may receive some financial incentives that the government offers to attract investors in the state.