Enel Scores First Solar Tender win in India, 420 MW Project in Rajasthan

• Enel Green Power has won its first solar tender in India, has actually been granted the right to authorize a 25-year energy supply contract for a 420 MW solar project.

Enel Green Power has actually announced that it has, via its Indian renewable energy subsidiary EGP India-- Avikiram Surya India, won its very first solar tender in India as well as has actually thus been awarded the right to sign a 25-year energy supply contract for a 420 MW solar project in India, which will be situated in the state of Rajasthan and also will certainly be its initial solar plant in the country.

The project was awarded under the recently ended 2 GW Ninth Tranche of the nationwide solar tender released by the Solar Energy Corporation of India Limited (SECI). The tender saw India make a significant leap in the renewables sector as tolls dropped to a record low of Rs 2.36 (USD 0.0031) each, for the very first time.

Enel has been formally granted 300 MW grid-tied (Air Conditioning) capability under the tender after it sent a proposition for the very same ability with its bid of Rs 2.37/ kWh. The staying 120 MW capacity is anticipated to be dc capability which the Italian significant will certainly perform near its project.

"This brand-new tender award is testimony to Enel Green Power's continuous commitment to increase its clean, sustainable energy footprint, with the goal to progress along the Enel Group's path in the direction of full decarbonisation," stated Antonio Cammisecra, CEO of Enel Green Power.

"India stands for a crucial market in strategic location for our firm, as it boasts a wide range of renewable resources and also a very affordable setting coupled with expanding power need. We are proud to enhance our presence in India with our first solar project, as we continue to add to the achievement of the country's lasting energy goals while providing tidy energy with one of the most cutting-edge technologies," he included.

The building of the solar plant, which is expected to start operations at the end of 2021, will involve an investment of around 180 million United States dollars. Under the power supply contract to be appointed to EGP pursuant to today's tender, the solar project will supply defined volumes of energy over a 25-year period to SECI. The center will be able to produce more than 750 GWh of renewable energy annually, enough to stay clear of the annual emission of around 681,600 lots of CO2 into the atmosphere.

Enel Green Power, via EGP India, among India's leading renewable energy firms, possesses as well as operates 172 MW of wind capability generating around 340 GWh per year in Gujarat and also Maharashtra.