Amp Energy India has signed a 25-year power purchase agreement (PPA) for a 100 MW/140 MWp portion of the Omkareshwar floating solar project in Madhya Pradesh.
The renewables developer signed the PPA with Rewa Ultra Mega Solar Ltd. (RUMSL), a joint venture between Solar Energy Corp. of India and Madhya Pradesh Urja Vikas Nigam Ltd. RUMSL has been selected as a solar power park developer for the state of Madhya Pradesh by the Ministry of New and Renewable Energy.
RUMSL is planning a 600 MW floating solar park at the Omkareshwar Reservoir. Upon completion, it will be India’s largest floating PV plant and one of the world’s biggest floating solar installations. The project will be developed in two 300 MW phases at pre-identified locations on the Omkareshwar Reservoir.
Amp Energy will develop the project under the BOOT model. The project is expected to generate about 198 million units of electricity per year, helping to mitigate about 85,654 metric tons of CO2 per annum. The company said it now has a portfolio of more than 2 GW of renewable energy capacity across 15 states in India.
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