Avaada Energy has secured a 560 MW DC solar photovoltaic project which will be used to supply clean energy to the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for INR2.88 (US$0.0351) per kWh.
The contract is secured after Avaada emerged as the winning bid in a reverse auction done by MSEDCL. Under the deal, the power purchase agreement (PPA) between Avaada and MSEDCL will effective for a period of 25 years. The commissioning of the solar farm is expected to start within 18 months from the start of construction.
Avaada Energy is a renewable arm of the Avaada Group, one of the leading integrated enterprises with a focus on energy in India.
Country updates
-
-
April 18, 2023
ADB, GEAPP to provide US$35mn to boost energy access and energy transition in South and Southeast Asia
The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) have announced a US$35 million contribution to assist the energy transition and expand energy access in So...
Read more -
April 14, 2023
Sembcorp selects Suzlon to supply turbines for 50.4 MW wind project in Karnataka
Suzlon Group has been awarded a supply contract by the renewables unit of Sembcorp, Green Infra Wind Energy Ltd., for the development of the 50.4 MW wind project located in Karnataka, India. Th...
Read more -
April 14, 2023
Suzlon Energy to supply and install turbines for 50.4 MW wind power project in Karnataka
Suzlon Group has secured a new order to provide turbines for a 50.4 MW wind power project in Karnataka, India for Sembcorp Renewables. Suzlon will install 24 wind turbine generators with a Hybrid Latt...
Read more -
April 11, 2023
IndiGrid commissions solar PV with battery energy storage system (BESS) project at Dhule substation
IndiGrid has successfully installed and commissioned a pilot photovoltaic (PV) project featuring a solar panel bank and battery energy storage system (BESS) at its Dhule substation in Maharashtra, Ind...
Read more -
April 11, 2023
Tender issued for 50 MW Floating Solar Project in India
NHPC Limited has launched a tender for the development of a 50 MW AC grid-connected floating solar photovoltaic project located at West Kellada, Kollam District of Kerala in India.
Read more
