Tata Power Renewable Energy has agreed to set up a 280 MW solar project in India, the electricity of which will be sold under a 25-year power purchase agreement (PPA). PTC India, on the other hand, has revealed its plans to sell solar power to various utilities as well as commercial and industrial consumers.
TP Saurya, a unit of Tata Power Renewable Energy Ltd (TPREL), has signed a 25-year PPA with Tata Power Trading Co for its upcoming 280 MW solar project in the Indian state of Rajasthan. TP Saurya is developing a solar project in Bikaner which is connected to the CTU bus.
The plant is scheduled to be commissioned in March 2024. After commissioning, it is expected to supply 485 million units of energy per year.
TPREL’s total renewable energy capacity has now increased to 6,788 MW, with an installed capacity of 3,917 MW (2,989 MW solar and 928 MW wind) and 2,871 MW under various stages of implementation.
PTC India, in turn, has signed an MoU with Brookfield Renewable to purchase 100 MW of solar power in the long term. It plans to sell electricity to various facilities as well as to commercial and industrial consumers.
Brookfield Renewables is developing a 400 MW solar power project at the Bikaner Solar Park in Rajasthan. Its agreement with PTC India includes an option to increase the power supply to 200 MW at the time of commissioning of the project, if both parties so agree.
Brookfield Renewables has Indian portfolio consisting of 1,003 MW of capacity, including five wind farms with a combined capacity of 311 MW and 17 solar plants with a total capacity of 692 MW. These operating assets are spread across seven states in India.
Recently, Brookfield Renewables commissioned a 445 MW solar power project in Rajasthan, which has a long-term supply agreement with one of India’s largest power companies. Its near-term development pipeline in the country is currently 1,300 MW.