Zelestra Secures 25-Year PPA for Indian Solar Project

• Zelestra secures a landmark 25-year PPA in India, powering up its solar ambitions with 1.5 GW in contracts and a vision for over 6 GW by 2026!

Spanish renewable energy company Zelestra has signed a 25-year power purchase agreement (PPA) for its 450-MWp Anboto solar project in Rajasthan, India, with state-run NTPC Ltd. The contract was awarded in January when Zelestra was known as Solarpack and allows NTPC to purchase the entire output of the solar farm, projected at approximately 801 GWh annually. The project is expected to be commissioned by the end of 2025.

Zelestra's recent activity reflects an ambitious expansion strategy in India, having secured 1.5 GW of PPAs this year. The company aims to develop a diverse portfolio exceeding 6 GW within three years, leveraging global expertise alongside strong local insights.

How does Zelestra plan to expand its renewable energy portfolio in India?

Zelestra's strategy for expanding its renewable energy portfolio in India encompasses several key initiatives and approaches aimed at leveraging the country's resources and market potential. Here are the details on how Zelestra plans to execute this expansion:

- Significant Capacity Additions: Zelestra aims to increase its capacity significantly, targeting the development of over 6 GW of renewable energy projects within the next three years. This ambitious goal showcases the company's commitment to enhancing India's clean energy landscape.

- Diversification of Energy Sources: In addition to solar projects like the Anboto solar project, Zelestra plans to diversify its energy portfolio by investing in various renewable sources, including wind and possibly biomass, to mitigate risks and meet a broader range of energy demands.

- Strategic Partnerships: The company intends to forge strategic alliances with reliable local contractors and technology providers to harness regional expertise. Collaborating with local partners will facilitate smoother project execution and better compliance with regulatory standards.

- Investment in Innovation and Technology: Zelestra is likely to invest in cutting-edge technologies for energy efficiency and storage solutions. Implementing advanced solar photovoltaic (PV) technology and energy management systems will enhance the overall performance and reliability of its projects.

- Focus on Sustainable Practices: Zelestra is committed to adhering to sustainable development goals by implementing environmentally friendly practices in project planning, construction, and operation. This includes minimizing land use impacts and enhancing biodiversity while developing new projects.

- **Infrastructure Development**: Investing in improving grid connectivity and integrating renewable energy into existing infrastructure will be crucial for Zelestra. The company will work closely with grid operators to ensure stable energy delivery and efficient transmission of solar power.

- **Regulatory Engagement**: Zelestra plans to actively engage with policymakers and regulatory bodies to advocate for favorable conditions for renewable energy investments in India. This includes seeking clarity on policies, incentives, and support mechanisms that can enhance the flow of investments to the sector.

- **Community Engagement and Local Benefits**: Zelestra emphasizes the importance of community involvement in its projects. The company aims to create job opportunities for local populations and invest in community development initiatives that align with its renewable energy projects.

- Leveraging Government Initiative: The company intends to capitalize on various government initiatives and schemes designed to promote renewable energy in India. This includes tapping into programs that offer financial incentives and subsidies for solar and wind projects.

- Long-Term Power Purchase Agreements (PPAs): Zelestra will actively pursue long-term PPAs with state utility companies and large commercial consumers, ensuring predictable revenue streams and facilitating the funding of new projects.

By pursuing these strategies, Zelestra seeks to establish a robust and resilient renewable energy footprint in India while contributing to the country's energy transition and sustainability goals.