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January 5, 2022

Magnet Buildtech Peda III Solar PV Park, India

By Carmen

Magnet Buildtech Peda III Solar PV Park is a 50MW solar PV power project. It is located in Punjab, India. The project is currently active. It has been developed in multiple phases. Post completion of construction, the project got commissioned in February 2017.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Punjab, India Hindustan Cleanenergy

Description

The project is developed and owned by Hindustan Cleanenergy.

Magnet Buildtech Peda III Solar PV Park is a ground-mounted solar project.

The project cost is $49.315m.

Development Status

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The project got commissioned in February 2017.

Power Purchase Agreement

The power generated from the project is sold to Punjab State Power under a power purchase agreement. The power is sold at the rate of $0.089kWh for a period of 25 years.

Contractors Involved

Hindustan Powerprojects was selected to render EPC services for the solar PV power project.

GCL System Integration Technology was selected as the supplier of PV modules for the project.

About Hindustan Cleanenergy

Hindustan Cleanenergy Limited (Hindustan Cleanenergy), formerly Moser Baer Clean Energy Limited, is a developer of renewable energy projects. It specializes in operating solar farms for delivering clean energy. The company is a subsidiary of Hindustan Powerprojects Private Limited. Hindustan Cleanenergy is headquartered in New Delhi, India.

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.

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