The State-run hydropower producer will develop 10 GW of solar park capacity in Rajasthan through a joint venture with Rajasthan Renewable Energy Limited (RRECL).
Rajasthan, which has already surpassed the 10GW milestone of installed PV capacity, has mopped up commitments for over INR 8 lakh crore of investment in the State’s energy sector alone.
Tata Power today announced its solar manufacturing and EPC arm had commissioned a 160MW AC solar project in Rajasthan within 15 months. The project was awarded to it by NTPC.
The 160MW Jetsar solar project in Rajasthan is now fully operational with its second-part capacity of 80MW commissioned in March.
The developer shall use the senior debt facility to initially finance its 450MW hybrid portfolio of solar and wind renewable projects in the Indian state of Rajasthan.
The 50MW concentrated solar power plant, located in the state of Rajasthan, was commissioned in June 2013 and benefits from a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam.
The Indian multinational EPC solutions provider has been awarded a 245MW solar power project in Rajasthan, and a 35MW(AC) PV capacity with 57MWh battery energy storage system in the Kutch district of Gujarat.
The solar power project, located in the Bhadla region, will supply power to Solar Energy Corporation of India for 25 years at a tariff of INR 2.58 (US 3.7 cents) per kWh.
The Indian State of Rajasthan, with 10,560MW of installed solar power capacity, will have an 800MW solar park in Jaisalmer developed through Rajasthan Power Generation Corporation. Rajasthan Solar Park Development Company, a Rajasthan Renewable Energy Corporation subsidiary, will build a 1,000MW solar park in Bikaner.
The Indian developer has refinanced its existing term loan of INR 23.50 billion (US$ 313 million) for the 600MW solar project at an interest rate of 7.2% per annum, fixed for 42 months.
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