Gujarat’s Rs 6 trillion data centre bet may trigger 45 GW solar surge; Nuvama explains 22% cost cut

Gujarat’s newly announced data centre policy targetting Rs 6 lakh crore investment is expected to give a major boost to India’s renewable energy sector, especially solar power. Along with this, the policy aims to reduce annual operating costs for eligible data centres by about 22%.

According to a report by Nuvama Institutional Equities, the policy would improve project viability and encourage fresh investments. “We believe policy formalisation and targeted implementation shall boost anchor data centre capacity, forming an ecosystem facilitating future capacities,” the brokerage elaborated.