Ekialde Solar Pvt Ltd, Solarpack’s subsidiary, has been awarded a 25-year power purchase agreement (PPA) that allows it to develop solar parks in the towns of Afzalpur, Chincholi, Holenarsipura, Nanjangund and Yelandur.
To be operational by September 2019, the solar parks are expected to generate around 215 GWh a year, avoiding 175,000 tons of atmospheric CO2 emissions. With an overall increase in capacity to 2,3379 MW as on January 2018, Karnataka is the country’s third largest producer of renewable energy.
This is Solarpack’s second contract in India – it already has six solar photovoltaic plants in the Indian state of Telangana generating a total of 104 MWp.
Making the project announcement, Pablo Burgos, CEO, Solarpack, said: “This second contract consolidates our position in India, a market which we see as key in the coming years. Solarpack has made an important commitment to internationalisation and this process has seen us becoming a key player in the sector.”
Headquartered in Spain with regional presence in USA, Latin America, South Africa, Malaysia and India, Solarpack has already commissioned 37 MWp across seven locations in Spain, 67 MWp in seven solar plants in Chile, 62 MWp in another three plants in Peru and 26 MWp in a solar park in Uruguay.
Solarpack performs the operation and maintenance of the plants it develops, and manages own and third-party assets for a total of 330 MW. In May 2017, Solarpack had raised a total of $104 million for nine PV projects in Chile and India.