Enel Green Power through its Indian renewable subsidiary EGP India, has signed a 25-year energy supply contract for a 420 MW solar project in the State of Rajasthan, India.
The project was awarded under the 2 GW Ninth Tranche of the national solar tender issued by the government company Solar Energy Corporation of India (SECI).
“This new tender award is testament to Enel Green Power’s continuous commitment to expand its clean, sustainable energy footprint, with the aim to move forward along the Enel Group’s path towards full decarbonization. India represents an important market in a strategic geography for our company, as it boasts a wealth of renewable resources and a highly competitive environment coupled with growing energy demand. We are proud to strengthen our presence in India with our first solar project, as we continue to contribute to the achievement of the country’s sustainable energy goals, while providing clean energy with the most innovative technologies.“Antonio Cammisecra, CEO of Enel Green Power.
The construction of the solar plant, which is scheduled to begin operations by the end of 2021, would require an investment of around $180 million. Under the energy supply contract to be allocated to EGP, the solar project will provide SECI with defined energy volumes over a 25-year term.
The facility will be able to produce more than 750 GWh of renewable energy each year, adequate to prevent the annual emission to the atmosphere of about 681.600 tons of CO2.
The project awarded in the tender will help the Indian government achieve its renewable energy targets, on its journey towards achieving 100 GW of solar and 60 GW of wind generation capacity by 2022, up from about 35 GW of solar and around 38 GW of wind as of today.