Spanish PV group Solarpack is set to construct six solar PV plants with a combined capacity of 100 MW in the Indian state of Telangana.
Solarpack is partnering on the project with U.S. firm Think Energy Partners, which develops, finances and constructs photovoltaic solar plants in India.
The state electricity distribution company, TSSPDCL, will acquire all the generated electricity through a 25-year power purchase agreement.
The consortium will build the six plants in the Telangana districts of Mahbubnagar, Medak and Nizamabad. Construction is slated to begin in the first half of the year, with the plants scheduled to be operational by January 2017. The plants are expected to generate some 160 gigawatt-hours annually.
Solarpack CEO Pablo Burgos said the deal allowed the entry into a market as important as Indias and demonstrates our experience and growing international presence that permits us to be competitive in the most relevant markets.
Burgos added that it was counting on the support of Think Energy Partners, which is already widely established in the country, to respond to any challenges that may be encountered.
Ravishankar Tumuluri, managing partner of Think Energy Partners, said the project was just the beginning and the company would continue to work toward bringing more and more experience and solar business to India.
The project marks the first contract awarded to Solarpack in India. The company has so far focused primarily on the Spanish and South Amercian markets. It has commissioned five solar plants in Spain with a combined capacity of 35 MW in addition to 37 MW from three solar installations in Chile and 62 MW from three plants in Peru.