Solarpack's Ganeko Hybrid Project Secures 25-Year PPA in India

• Solarpack secures 25-year PPA for 482-MW solar and wind project in Gujarat, India, aiming to reach 1 GW portfolio by 2024.

Spanish renewables developer Solarpack has secured a 25-year power purchase agreement (PPA) for a 482-MW solar and wind hybrid project in Gujarat, India. The PPA was awarded by Indian state-owned company SJVN Ltd, with electricity supply set to begin in 2026 from Solarpack's Ganeko hybrid facility. The project will consist of 383 MW of solar PV and 99 MW of wind power capacity, providing electricity for over 250,000 households annually.

Solarpack's CEO in India, Sajay K.V., stated that the Ganeko hybrid project will help the company reach a portfolio of 1 GW in India by the first half of 2024, aligning with their goal of developing 5 GW of multi-technology projects in the country. Earlier this year, Solarpack also secured PPAs for its 450-MW Anboto Solar and 410-MW Gorbea solar projects in India, further expanding its presence in the renewable energy sector in the country.

What is Solarpack's strategy for reaching 1 GW portfolio in India by 2024?

• Solarpack's strategy for reaching a 1 GW portfolio in India by 2024 includes focusing on developing multi-technology projects in the country.
  
• The company aims to leverage its expertise in both solar PV and wind power to diversify its portfolio and maximize energy generation.
  
• Solarpack is actively seeking partnerships with state-owned companies like SJVN Ltd to secure long-term power purchase agreements for its projects.
  
• By securing PPAs for large-scale projects like the Ganeko hybrid facility, Solarpack is able to scale up its operations and increase its presence in the Indian renewable energy market.
• The company's CEO in India, Sajay K.V., is leading the strategic expansion efforts to achieve the 1 GW portfolio target by the first half of 2024.