Following NTPC’s 320 MW project, Tata Power has won the order to build 95 MW of ground-mounted solar PV project for Gujarat State Electricity Corporation Limited (GSECL). The order value of the project is around INR 460 crore ($63 million).
The EPC contractor said it is the largest solar plant by capacity commissioned so far in the state of Uttar Pradesh. The plant is estimated to generate 319 million units of electricity per year, which is enough to power 1,45,662 houses annually.
The 250 MW solar capacity is to be set up on a build-own-operate basis at Dondaicha Solar Park in the district Dhule. The tariff ceiling is fixed at INR 2.83/kWh for the entire power purchase duration of 25 years.
IHS Markit is predicting the world will add 30% more solar capacity this year.
State-run Uttar Pradesh Power Corporation Limited (UPPCL) will procure the electricity generated from the solar plant under a 25-year power purchase agreement.
The project, currently under construction in Rajasthan, was won by the developer in a Solar Energy Corporation of India (SECI) auction.
The selection of developers to set up 500 MW solar project capacity and supply power to the Gujarat Urja Vikas Nigam Ltd will be done through competitive bidding followed by reverse auction. Bidding closes on February 23.
Bids are invited to supply, install and commission a module cleaning system for the entire solar plant. The work scope also includes operation and maintenance support for three months after commissioning.
The latest addition, worth around INR 1200 crore (US$162 million), takes the developer’s current order book to around INR 12,000 crore and a project pipeline of around 4 GWp.
Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.
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