Another large-scale PV plant is on its way to Andhra Pradesh, as Indias so-called largest renewable energy company, Tata Power Renewable Energy, signs a power purchase agreement (PPA) with the Solar Corp of India (SECI). The project will add to the countrys growing solar capacity, and has been given a completion timeframe of less than a year.
The 100 MW plant will be located at the Anantapuram solar park in Andhra Pradesh, and was awarded to Tata Power through bidding in the open category under the Jawaharlal Nehru National Solar Mission, which launched in Jan 2010. Interestingly, the commercial operation date, as stipulated in the PPA, is 16 October 2017, meaning that it needs to be completed in less than a year.
However, the company proudly proclaimed in a statement that it is able to develop renewable energy projects in record time, while also maintaining that it is Indias largest renewable energy company.
With 294 MW of renewable energy projects currently operational, it is the companys 500 MW pipeline of projects at different stages of development and the acquisition of Welspun Renewable Energy that enables the company to make such a claim. All of this combined gives the company a renewable energy portfolio of 2,400 MW.
We are delighted at this project win as it further fortifies our leadership in renewable energy generation in India, commented CEO and Executive Director of Tata Power Renewable Energy Rahul Shah. This move is in line with the Governments set target of 100 GW from solar energy by 2017. In the next 5 years, the company plans to significantly add to its solar generation capacity.