Hindustan Power commissions 50MW solar project in India’s Punjab

The project, Hindustan Power’s second in the state, required INR3.25 billion (US$50 million) investment. Credit: Shashwag Nagpal

Hindustan Cleanenergy, the renewables arm of Indian firm Hindustan Power, has commissioned a 50MW solar PV plant in the north Indian state of Punjab.

Located in the cotton farming region of Punjab, the project is part of attempts to promote clean energy to farmers, especially given that Punjab is one of the key agricultural hubs of India with its fertile land and plentiful rivers.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The project, Hindustan Power’s second in the state, required INR3.25 billion (US$50 million) investment and is expected to power the equivalent of 73,000 households per day.

It was awarded by the Punjab Energy Development Agency (PEDA) via an auction in September 2015, with a bid of INR5.98/KWh, the highest winning bid out of five other successful developers. At the time, the low bids caused more industry concern about project viability in India, but prices have fallen further elseshere and the project commissioning would have assuaged concerns.

The power purchase agreement was signed with Punjab State Power Corporation Limited (PSPCL).

Ratul Puri, chairman of Hindustan Power, said: “By comparing high-resolution solar resource data at various locations, we were able to identify, and secure investments in the most promising sites for solar photovoltaic power plants in Punjab. Hence, we were able to invest [INR 5.25 billion] and quickly ramp up the cumulative capacity of the company in Punjab to 80MW over last nine months.”

The company plans to commission another 200MW in the next 18-24 months. It already has an installed capacity of 600MW.

Read Next

July 12, 2024
Canadian asset owner Brookfield has acquired a majority stake in Indian clean power company Leap Green Energy in a US$200 million equity investment.
July 9, 2024
Indian EPC firm Larsen & Toubro has secured contracts to build two solar PV plants in the Middle East with a combined capacity of 3.5GW.
July 5, 2024
India is still facing several challenges to increase its installed solar capacity, including financing and grid infrastructure. 
July 4, 2024
Dubai-headquartered renewable energy developer Jakson Green has signed a power purchase agreement (PPA) with the state-run utility National Hydroelectric Power (NHPC) for the output of a 400MW solar PV project in India.
July 2, 2024
The World Bank has committed US$1.5 billion to support India’s renewable energy transition, including new renewable power generation capacity.
June 27, 2024
PV Tech spoke with Alejandra Pérez-Plá, regional manager – Mediterranean at financial advisory firm Global Capital Finance about challenges related to land acquisition for utility-scale solar PV projects in Southern Europe, how to manage these issues and grid modernisation.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA
Solar Media Events
October 15, 2024
Santiago, Chile