Germany-based integrated PV and energy storage firm IBC Solar has signed a power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for a 20MW(AC) solar project in the Indian state of Odisha.
This was part of the 270MW(AC) auction-based tender in the state 12 months ago. At the time, IBC won the project at a fixed tariff of INR4.43/kWh (US$0.067) combined with viability gap funding (VGF) of INR4.925 million (US$76,809). The project is due to be commissioned by late 2017.
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
For the construction phase, IBC has also bagged INR980 million in debt financing with an 18-year term from L&T Infrastructure Finance.
