News

France’s ENGIE operates the second largest solar energy project in India

  • 20 August, 2021
  • 1:53 pm EEST

France’s ENGIE operates the second largest solar energy project in India

France’s Engie has announced the commissioning of a 200MW solar power plant in Gujarat, India’s second largest solar power project.

The company added, in a press release, that the project will produce 546 gigawatt-hours of electricity, and contribute to reducing 387,000 tons of carbon dioxide emissions annually.

The project is located on an area of ​​380 acres inside the solar power plant that was developed by the Gujarat entity – the Gujarat Power Corporation – according to the Economic Times.

 

Project financing

Engie explained that the project was financed by a long-term loan from the Asian Development Bank and Societe Generale, and the project was implemented through Electro Solera.

The company added that the solar power plant in Gujarat will raise its developed portfolio in India to 17 projects with more than 1.1 GW of solar energy and 280 MW of wind energy.

“The successful commercial operation of this project is a testament to ENGIE’s continued interest in pursuing renewable opportunities in India, and further growing its renewable portfolio of more than GW in the country,” said Suresh Bhaskar, Managing Director of Renewables.

The company stated that it had contracted with Longi and Jinco to supply the solar cell modules for the project, while Sterling & Wilson would become the provider of operation and maintenance services for a period of 5 years.

 

India’s plan to expand into renewable energy

The Indian government has set a target of reaching 175 gigawatts of renewable energy capacity by 2022, which includes 100 gigawatts of solar, 60 gigawatts of wind, 10 gigawatts of biomass, and 5 gigawatts of micro-hydro.

The average wind energy production recorded in July was about 349 million kilowatt-hours, an increase of 64.5% over the same month last year.

Solar and wind energy production reached an all-time high of 43.1 GW on July 27, and earlier, the record was 41.1 GW on June 11, 2021.

It is noteworthy that fossil fuels and coal are imposing themselves on India’s energy mix, despite India’s increasing energy transition targets.

Reliable Trading since 2012