星期五, 11月 27, 2020
Home PV News Avaada Energy to set up 350 MW solar plant in Maharashtra

Avaada Energy to set up 350 MW solar plant in Maharashtra

The electricity generated will be supplied to Maharashtra State Electricity Distribution Co Ltd (MSEDCL) under a 25-year power purchase agreement.

Source:pv magazine

Avaada Energy has received a letter of award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop a 350 MW (DC) solar project in Maharashtra.

The electricity generated will be supplied to MSEDCL under a power purchase agreement, valid for a period of 25 years from the scheduled commercial operation date, as per the company statement.

The project—expected to be commissioned by January 2022—will generate about 525 million units annually, which will help in reducing 4,98,750 tonnes of CO2 emission per year.

Significantly, Avaada is targeting an extensive portfolio of 11 GW solar energy projects by 2025 across Asia and Africa. The latest project is in addition to 1 GW of operational capacity and 2 GW of projects under implementation.

Speaking on this development, Avaada Group chairman Vineet Mittal said, “At Avaada, we believe that business and sustainability go hand-in-hand. Being the leading Renewable Energy company of India, we are making significant investments in innovative clean energy solutions with a focus on solar energy sector.”

“On the back of India’s green energy revolution led by prime minister Narendra Modi, India will continue its exponential growth in its renewable energy (RE) sector.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

BYD provides 75-MW energy storage system to Mustang solar project

BYD “Build Your Dreams” announced it will partner with Canadian Solar to provide advanced battery technology for the 100-MWAC Mustang solar plant in Kings...

Pivot Energy donates $90,000 to Colorado renewable workforce development program

Denver Colorado-based community solar developer Pivot Energy announced it has donated $90,000 to Bright Futures, a Weld county workforce initiative designed to remove barriers...

Nautilus Solar Energy, a North American owner-operator of distributed generation and community solar projects, has closed a $95 million tax equity financing commitment with...

Capital Dynamics subsidiary acquires 316-MW solar project portfolio

Capital Dynamics’ Clean Energy Infrastructure (CEI) business has completed the purchase of three solar PV projects from LS Power. Simultaneously CEI completed the placement...