EDEN Renewables seals power supply agreements for 716 MW of new solar capacity

EDEN Renewables India, a joint venture set up by French developers Total Eren and EDF Renewables, has signed off the latest of four power supply deals for its 716 MW of planned new solar generation capacity in northern India.

Last month, EDEN signed a 25-year agreement with the Solar Energy Corporation of India to supply power from a 450 MW project in Rajasthan. That contract came after EDEN secured deals to sell energy generated by two 98 MW projects and a 70 MW facility to the Uttar Pradesh Power Corporation Limited.

The projects are set to start construction this year with a planned commissioning date towards the end of next year.

Portfolio

EDEN partners EDF Renewables and Total Eren already operate four solar plants in India with 207 MW of installed capacity, in the states of Rajasthan, Uttarakhand and Madhya Pradesh.

“We are delighted to have signed these PPAs for our four solar power plants which will contribute to meeting the energy needs of the population in Uttar Pradesh and Rajasthan and to the development of renewable energy projects locally,” said Fabienne Demol, executive VP and global head of business development at Total Eren yesterday. “We are multiplying our Indian installed capacity by four! These signatures represent an important milestone in our development in this market, which still offers significant growth opportunities. I look forward to working on other renewable energy projects in India with our partner EDF Renewables and through our joint subsidiary EDEN Renewables India, which plays a key role in achieving our local ambitions.”

Frédéric Belloy, executive VP for international operations at EDF Renewables, said: “These large scale projects are a lever for local economic development, they enable us to strengthen our presence in India and consider new projects in this country which represents a strategic market for EDF Renewables. These landmark projects fit perfectly with the EDF Group’s ‘Cap 2030’ strategy of doubling its renewable energy capacity in operation between 2015 and 2030 in France and worldwide.”