PLG Clean Energy (PLGCE), a renewable independent power producer headquartered in India, has confirmed today that it has secured and won licenses to develop 230 MW of solar PV capacity in the country.
Having successfully secured the contracts via the Indian governments reverse auction process, PLGCE will soon embark on developing three large-scale solar PV plants across the country.
The first is to be a 70 MW solar plant in the state of Maharashtra, developed via a strategic partnership with Suzlon Energy, with PLGCE holding a 49% share and Suzlon the remaining 51%. Completion date is penciled in for April 2017, and a power purchase agreement (PPA) for the clean energy produced onsite has been signed with the Solar Energy Corporation of India (SECI).
Following this plant will be a 60 MW installation in Rajasthan, developed under the same terms and partnership as the Maharashtra plant, but with a PPA signed with Indias National Thermal Power Corporation (NTPC) a state-owned utility. The Rajasthan plant is scheduled to be online by July 2017.
The third development announced by PLGCE is a 100 MW PV installation for Jharkhand, which will come online in December 2017 and sell its energy via a PPA to the government of Jharkhand. Once more, Suzlon Energy will act as EPC contractor and hold 51% of the plants ownership.
Beyond this burst of activity, PLGCE is working on a further 600 MW of solar PV capacity in India, and the companys aim is to have 1 GW of PPAs signed by March 2017.
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