Home Energy assets Brookfield commissions 445 MW solar project in India

Brookfield commissions 445 MW solar project in India

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Brookfield Renewable India on Wednesday announced the commissioning of its first greenfield project in India, a 445 MW solar power plant.

The plant near Jodhpur, Rajasthan, was completed well ahead of schedule, in less than a year, according to the company’s statement.

NTPC will take this electricity under a 25-year PPA to resell it to the Madhya Pradesh Power Management Company and the Puducherry Electricity Department.

“The project will contribute to India’s decarbonization efforts, generating more than 800 GWh of clean energy per year and avoiding 600,000 tons of CO2 emissions per year,” he said.

With the plant fully commissioned, Brookfield’s operational renewable energy portfolio in India will be 1 GW.

Speaking of the development, Nawal Saini, Managing Director of Brookfield, said, “We have significantly expanded our renewable energy presence in India. Our in-house development, procurement and execution teams are well positioned to drive the growth of our renewable energy assets, with the development of new sites set to play an increasingly key role in the future. »

“We have a multi-gigawatt development pipeline aimed at partnering with companies and helping them achieve their decarbonization goals while helping India’s journey towards meeting its 500 GW fuels capacity target. non-fossil by 2030,” he said.

The project was developed as part of a strategic partnership between Brookfield Renewables and Axis Energy Ventures. Tata Power Solar Systems Limited was the construction partner, with HSBC India and Axis Bank being the financing partners.

Brookfield is one of the world’s largest investors in renewable energy, with approximately 21 GW of generation capacity and a development pipeline of over 60 GW. Its assets, located in North and South America, Europe, India and China, include a diverse technology base of hydro, wind, utility-scale solar, distributed generation, storage and other renewable technologies.

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