ThomasLloyd has announced that SolarArise India Projects Private Limited has commissioned a 75 MW Solar PV plant in Khera village, Budaun District, state of Uttar Pradesh, India.
In 2018, ThomasLloyd invested in SolarArise alongside the Global Energy Efficiency and Renewable Energy Fund (GEEREF), advised by the European Investment Bank Group, and Kotak Mahindra managed Core Infrastructure India Fund (CIIF).
SolarArise operates the project through Talettutayi Solar Projects Five Private Limited has a 25-year Power Purchase Agreement (PPA) with the state government Uttar Pradesh Power Corporation Limited (UPPCL).
The plant is expected to generate approximately 120 million kilowatt-hours per year of clean energy in Uttar Pradesh state.
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