Overall, the project comprises 200,000 LONGi solar PV panels ground-mounted across 240 acres. Its completion marks a significant milestone for the U.K.-based company, as its first utility solar asset commissioned in India.
Lightsource BP won the offtake contract through a competitive bidding tender process initiated by the Government of India, and managed by Solar Energy Corporation India (SECI).
Financed in partnership with UK Climate Investments (UKCI), a joint venture between the Green Investment Group and the U.K. Government’s Department for Business Energy and Industrial Strategy (BEIS), the project is one of the first SECI tenders to be completed, and in line with the Power Purchase Agreement time schedule.
“The success of this project is a testament to Lightsource BP’s ability to deliver. The project was developed in-house, and required the support of both our central and local teams working together in close partnership to bring it to fruition,” said CEO, Nick Boyle.
In December 2017, oil major BP acquired a 43% stake in Lightsource for US$200 million. To date, Lightsource says it has commissioned 1.3 GW of solar capacity and manages around 2 GW of capacity under long-term operations and maintenance contracts.
Over the next five years, the company aims to deploy at least 8 GW of solar capacity worldwide based on a develop and operate strategy.