Tata signs PPA for 100MW solar project in Andhra Pradesh

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The PPA signing is welcome news given reports of solar PPA signing delays in Jharkhand. Credit: Tata

Tata Power Renewable Energy Ltd (TPREL), a wholly-own subsidiary of the Tata Power Company, has signed a power purchase agreement (PPA) for a 100MW solar project at Anantapuram solar park in Andhra Pradesh with the Solar Corporation of India (SECI).

The project, won through competitive bidding under the National Solar Mission (NSM), is expected to reach commercial operation by 16 October 2017.

Rahul Shah, chief executive and executive director, TPREL, said: “We are delighted at this project win as it further fortifies our leadership in renewable energy generation in India. The solar project at Anantapuram solar park will add 100MW of clean energy thereby significantly increasing our green footprint. This move is in line with the government’s set target of 100GW from solar energy by 2017. In the next five years, the company plans to significantly add to its solar generation capacity.”

In contrast to this positive movement in Andhra Pradesh, local reports emerged this month about solar developers that won capacity in a 1.2GW auction in the state of Jharkhand failing to sign PPAs with the state’s electricity distributor, a full six months after the capacity was awarded.

In early June, the state issued award letters of intent (LOIs) to the winners, but these have not been converted into PPAs, say the reports.

Read Next

January 21, 2022
India is at risk of a supply and demand mismatch for solar equipment if domestic PV manufacturers are unable to meet the quantity and quality required by project developers, Fitch Solutions has warned.
PV Tech Premium
January 21, 2022
Greece is on track to accelerate solar deployment in the coming years, with the sector boosted by rising demand for renewable offtake agreements from corporations and clean energy policies from the EU, according to the general manager of Greek industrial group Mytilineos’s renewables business.
January 17, 2022
A round-up of the latest projects news, including EDP Renewables completing Indiana’s largest PV project, two Gulf utility companies pricing their first green bonds and an Australian utility linking its project to the national grid.
January 13, 2022
Renewable power purchase agreement (PPA) prices in Europe continue to climb, rising 7.8% quarter-on-quarter in response to the continent’s deepening energy crisis, according to new research from  LevelTen Energy, a provider of renewable transaction infrastructure.
January 13, 2022
Reliance Industries has signed a Memorandum of Understanding (MoU) with the government of Gujarat for a total investment of INR5.955 lakh crore (US$80 billion) over 10-15 years to establish 100GW of renewables and set up green technology manufacturing facilities in the state.
January 10, 2022
Indian renewables company ReNew Energy Global Plc’s wholly owned subsidiary India Clean Energy Holdings has raised US$400 million through a green bond sale that will be used to support the company’s growth strategy and “refinance existing high-cost debt”.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal