French energy utility Engie announced major progress in India regarding its renewable energy business in India this month. The company has seen rapid growth in the highly competitive wind and solar power markets in India.
Solairedirect, a subsidiary of Engie operational in India, started commercial operations of a 101 megawatt (DC) solar PV project in the state of Uttar Pradesh.
The project has an AC listed capacity of 75 megawatts. The company had secured the rights to develop the project under the federal solar power policy at a tariff of Rs 4.43/kWh in June 2016. The company will sell electricity to the Solar Energy Corporation of India (SECI) for a period of 25 years.
The company also commissioned a 190 megawatt (DC) project in Rajasthan. The project is actually split in two projects, each having an AC listed capacity of 70 megawatt each. The projects are located in the famous Bhadla solar power park which will be home to India’s cheapest solar power projects in a few months.
Engie also won rights to develop wind energy projects in the states of Gujarat and Tamil Nadu. The company will develop 80 megawatts of capacity which it secured through competitive auctions.
