The Asian Development Bank (ADB) and the ENGIE group have signed a long-term loan of up to INR4.66 billion (about $63.4 million) to construct and operate a 200 megawatt alternating current solar photovoltaic-based power plant at Raghanesda Solar Park in India’s western state of Gujarat.
Engie is collaborating with the Government of Gujarat to construct the project and has signed a power purchase agreement for 25 years with the state government.
Electro Solaire Private Limited (ESPL), a special purpose vehicle owned by Engie, is expected to commission the solar power plant in the first half of 2021. Once commissioned, the power plant is expected to generate about 440 gigawatt-hours of electricity annually. This will help avoid nearly 385,000 tons of carbon dioxide emissions a year, which would otherwise have been generated by conventional fossil fuel plants.
Country updates
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September 07, 2020
GIP, RattanIndia enter agreement for sale of Indian solar portfolio
The RattanIndia Group and the Global Infrastructure Partners (GIP) has entered into an agreement for the sale of up to 306 MW solar portfolio in India for a deal of about INR16.7 billio...
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August 28, 2020
Risen Energy wins 165 MW solar panel deal for Anantapur solar PV project in Andhra Pradesh
Sprng Energy and an Actis group company have purchased an additional 165 MW of solar PV modules from Risen Energy, as part of the Anantapur Solar project, for supplying power to AP State through NTPC...
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August 26, 2020
Yinson to take over 140 MW solar portfolio in Rajasthan
Yinson Holdings Berhad has entered into an agreement to acquire an additional 57.5% equity interest in Rising Sun Energy Private Limited (RSE), an India-incorporated company with two operational solar...
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August 24, 2020
Siemens Gamesa to supply turbines for 473 MW wind project in Fatehgarh
Siemens Gamesa has received a firm order from Adani Green Energy for one of the largest wind power projects in India. The company will deliver 215 SG 2.2-122 wind turbines, totaling 473 MW. The agreem...
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August 18, 2020
SJVN to build a 100 MW Dholera Solar Park in Gujarat
SJVN Limited has secured a contract to develop and construct the 100 MW Dholera Solar Park located in Gujarat, India. The INR4.5 billion (US$60 million) project has a capacity of 100 MW at INR 2...
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