The project, made up of two 50MW plants, was awarded in April 2016. Credit: tata
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian energy giant Tata Power, has commissioned a 100MW PV plant at the Pavagada Solar Park in Karnataka.
The project, made up of two 50MW plants, was awarded in April 2016 under the National Solar Mission. TPREL's total installed operating capacity now stands at 1,614MW.
The project was built over 216 hectares and power will be sold under a 25-year power purchase agreement (PPA) with Indian utility NTPC with a tariff of INR4.79/kWh (US$0.075).
Rahul Shah, CEO, TPREL, said: "The commissioning of the 100MW solar plant in Karnataka fortifies our position of being the largest renewable energy company in the country, with a strong presence in solar power generation. We prefer development opportunities in solar parks as land and evacuation are provided, and we can focus on the project. We are extremely proud of this development and we continue to seek potential areas across India and in select International markets through organic and inorganic opportunities."
Just last week, Finnish firm Fortum also connected a 100MW solar plant to the grid at the same solar park.
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.