Indian developers secure 380 MW of PPAs


From pv magazine India

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 will develop the PV project in Bikaner, connected to the central transmission utility (CTU) bus.

The plant is set for commissioning by March 2024. Once operational, it is expected to supply 485 million units of energy per year. 

TPREL’s total renewables capacity has now grown 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, meanwhile, has signed a memorandum of understanding with Brookfield Renewable to purchase 100 MW of solar power on a long-term basis. It plans to sell the power to various utilities and commercial and industrial consumers. 

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Brookfield Renewables is developing a 400 MW solar power project in Bikaner solar park of Rajasthan. Its agreement with PTC India includes an option to increase the power supply to 200 MW at the time of project commissioning if mutually agreed upon by both parties. 

Brookfield Renewables has an Indian portfolio consisting of 1,003 MW of capacity, including five wind energy facilities with an aggregate capacity of 311 MW and 17 solar facilities with an aggregate capacity of 692 MW. These operating assets are spread across seven Indian states.

Most recently, Brookfield Renewables commissioned a 445 MW solar power project in Rajasthan which has a long-term offtake agreement with one of India’s largest power utility companies. Its near-term development pipeline in the country is currently 1,300 MW.

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