Apraava Energy Wins 250-MW Solar Project in Rajasthan

• Apraava Energy secures 250-MW solar project in Rajasthan through e-reverse auction, with a 25-year power purchase agreement. Construction to be completed within 24 months.

Apraava Energy, an Indian integrated energy solutions provider, has been awarded a 250-MW solar energy project in Rajasthan. The project was secured through a successful participation in an e-reverse auction and was awarded by state-owned hydro power company NHPC Ltd. Apraava Energy will be responsible for designing, building, and operating the solar farm for the duration of the 25-year power purchase agreement (PPA) with NHPC. The company expects to finalize the project within 24 months. Apraava Energy currently has over 1,300 MW of wind and solar power in operation and around 660 MW of renewable energy projects under construction.

Apraava Energy has been awarded a 250-MW solar energy project in Rajasthan through an e-reverse auction. The project was awarded by NHPC Ltd and comes with a 25-year power purchase agreement. Apraava Energy, jointly owned by CLP Group and CDPQ, will be responsible for the design, construction, and operation of the solar farm. The company currently has over 1,300 MW of wind and solar power in operation and around 660 MW of renewable energy projects under construction. The project is expected to be finalized within 24 months.

What is the significance of Apraava Energy being awarded a 250-MW solar energy project in Rajasthan?

• The 250-MW solar energy project in Rajasthan awarded to Apraava Energy is significant because it adds to the company's growing portfolio of renewable energy projects.
• The project was secured through a successful participation in an e-reverse auction, highlighting Apraava Energy's competitiveness in the renewable energy market.
• The award was given by NHPC Ltd, a state-owned hydro power company, indicating the recognition and trust placed in Apraava Energy's capabilities.
• The 25-year power purchase agreement (PPA) associated with the project ensures a stable revenue stream for Apraava Energy, further solidifying its position in the renewable energy sector.
• Apraava Energy, jointly owned by CLP Group and CDPQ, has the financial backing and expertise necessary to successfully design, build, and operate the solar farm.
• With over 1,300 MW of wind and solar power already in operation, Apraava Energy has a proven track record in the renewable energy industry.
• The company also has around 660 MW of renewable energy projects under construction, indicating its commitment to expanding its renewable energy capacity.
• The project is expected to be finalized within 24 months, demonstrating Apraava Energy's efficiency in project execution and delivery.
• The solar energy project in Rajasthan contributes to India's renewable energy goals and helps reduce the country's dependence on fossil fuels.
• It also contributes to the overall growth of the renewable energy sector in Rajasthan, creating job opportunities and promoting sustainable development in the region.