Axis Energy Solar PV Park is a 400MW solar PV power project. It is planned in India. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 400 | – | 400 | Permitting | India | Axis Energy Ventures India |
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Description
The project is being developed and currently owned by Axis Energy Ventures India.
Axis Energy Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $279.2m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Chhattisgarh State Power Distribution under a power purchase agreement. The power will be sold at the rate of $0.035kWh for a period of 25 years. The capacity to be procured is 400MW.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
