Adani Green Energy Ltd (AGEL) has secured a 25-year power purchase agreement with Uttar Pradesh Power Corp. Ltd for supply of 400 MW solar power.
Juniper Green Energy has crossed 1.2 GW of renewable energy generation capacity (800 MW operating and 435 MW under construction) with power purchase agreements and letters of award secured in recent months.
Full ownership allowed in renewable energy projects and 25-year power purchase agreement are the major factors drawing foreign investors to India’s high-growth solar market. Major developers in India have solar portfolio distributed across States, which further minimizes the risk for investors.
Solar power generators have until June 4 to bid for supplying the power from their proposed or existing PV projects under a 25-year PPA.
The Spanish developer, which will sell solar energy at an Indian record low tariff of Rs2.36/kWh under a 25-year deal has spoken to pv magazine about the specifics of the landmark PV plant.
The overall energy outlay of Rs 6984.73 crore for the year 2020-21 is much lower than 2019-20’s revised estimate of Rs 11,639 crore.
Developers have until June 30 to lodge bids to develop plots of solar capacity across the national rail network paying no more than Rs2.71/kWh for the electricity generated under a 25-year contract.
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