Risen Energy has recently secured an additional contract for the supply of 165MW of customized high-performance solar PV modules with Sprng Energy.
Sprng Energy, an Actis group company, has recently purchased 165MW of solar PV modules from Risen, as part of the Anantapur Solar project for supplying power to AP State through NTPC at a competitive price of INR 2.72/kWh.
This latest project of Sprng Energy, is an integral part of overall plan to install in excess of 2 GW of renewable energy within India, a little over 1.2% of the total renewable capacity target set by the Indian Government’s 175GW goal.
Whilst this is the first award to Risen by Sprng, there is a historic relation between Risen and Actis, resultant from Risen’s supply of circa 350MW of solar PV modules to another Actis entity in an alternate growth market.
“We are delighted that Risen can be a part of their inspiring goals and be chosen through their objective evaluation of solar PV suppliers. We continue to demonstrate that Risen can deliver tangible net worth benefits to solar project developers.”Bypina Veerraju Chaudary, CSMO of Risen.
“Developing a solar PV project under current conditions is significantly more complicated than normal, establishing secured supply of materials, labour and timely approvals is an intensive logistical exercise. Our choice of Risen was streamlined from their historical performance and enhanced with their constructive approach to dealing our specific requirements. We are pleased to have them in our portfolio and confident of their ability to perform as anticipated. We look forward to reaping the rewards in the form of good performance and a strong relationship on this and future projects.”Gaurav Sood, CEO of Sprng Energy.