Brookfield solar project: Brookfield commissions first solar project in India with 445 MW capacity
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will offtake this power under a 25-year PPA (power purchase agreement) for onward sale to Madhya Pradesh Power Management Company and Puducherry Electricity Department.
“The project will contribute to India’s decarbonisation efforts, generating over 800 GWh (giga watt hours) of clean energy annually and avoiding 600,000 tons of CO2 emissions per year,” the company said in a statement, adding that it is equipped with best-in-class, bifacial solar modules, and waterless robotic cleaning solutions. With full commissioning of the plant, Brookfield’s operational renewable energy portfolio in India will be 1 GW.
Nawal Saini, Managing Director, Brookfield, said, “We have a multiple gigawatt development pipeline aimed towards partnering with companies and helping them achieve their decarbonization goals while participating in India’s journey towards achieving its target of 500 GW of non-fossil fuel capacity by 2030.”
The project was developed under a strategic partnership between Brookfield Renewables and Axis Energy Ventures. Tata Power Solar Systems Limited was the construction partner with HSBC India and
being the financing partners.
Brookfield is one of the world’s largest investors in renewable power, with approximately 21 GW of generating capacity and a development pipeline of over 60 GW. Its assets, located in North and South America, Europe, India, and China, consist of hydro, wind, utility-scale solar, distributed generation, storage, and other renewable technologies.
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