Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian energy giant Tata Power, has commissioned a 25MW solar PV plant in Charanka, at the Gujarat Solar Park.
The project was won via a competitive auction in November 2016 under India’s National Solar Mission with viability gap funding (VGF).
The project is spread over 46 hectares and it has a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) at a tariff of INR4.43/kWh (US$0.068).
TPREL’s total installed operating capacity now stands at 1,484MW.
Rahul Shah, chief executive of TPREL, said: “As always, we will continue to look for opportunities to acquire operating wind and solar plants, apart from our own organic growth pipeline, to grow our generation portfolio.” Read More…
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