Italy’s Enel Green Power, through its subsidiary EGP India, will set up a 420 MW DC solar project in Rajasthan to supply the power contracted under a 2 GW solar auction by Solar Energy Corporation of India (SECI).
SECI will sign a 25-year contract with the developer to procure the solar project’s output.
The construction of the 420 MW DC plant, which is expected to start operations at the end of 2021, will involve an investment of approximately 180 million US dollars.
Speaking about the win, Enel Green Power CEO Antonio Cammisecra said in a media statement, “India represents an important market in strategic geography for our company, as it boasts a wealth of renewable resources and a highly competitive environment coupled with growing energy demand.”
“We are proud to strengthen our presence in India with our first solar project, as we continue to contribute to the country’s sustainable energy goals while providing clean energy with the most innovative technologies.”
The Rajasthan facility is expected to generate more than 750 GWh of renewable energy per year to avoid the annual emission of around 681,600 tons of CO2 into the atmosphere.
Globally, Enel Green Power has manged a renewable power capacity of over 46 GW across a generation mix that includes wind, solar, geothermal and hydropower. Present in India through EGP India, it owns and operates 172 MW of wind capacity producing around 340 GWh per year in Gujarat and Maharashtra.
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