HPPC Solar PV Park 1 is a 240MW solar PV power project. It is planned in Haryana, India. According to GlobalData, who tracks and profiles over 170,000 power plants worldwide, the project is currently at the permitting stage. It will be developed in a single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025. Buy the profile here.
The project is being developed and currently owned by Avaada Energy. The company has a stake of 100%.
HPPC Solar PV Park 1 is a ground-mounted solar project.
The project cost is expected to be around $162.24m.
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Power purchase agreement
The power generated from the project will be sold to Haryana Power Purchase Center under a power purchase agreement. The power will be sold at the rate of $0.036kWh for a period of 25 years.
For more details on HPPC Solar PV Park 1, buy the profile here.
About Avaada Energy
Avaada Energy Pvt Ltd (Avaada) is an independent power producer. It develops utility-scale roof top solar plants and wind projects, and hybrid energy solutions. The company also provides engineering, procurement and construction services. Avaada sells electricity generated from its plants to hotels, hospitals, corporates, education institutions, and industrial and infrastructure companies. It owns and operates solar plants and wind farms in Karnataka, Orissa, Haryana, Maharashtra and Tamilnadu, and has interests in various projects that are in under implementation stage. Avaada is headquartered in Mumbai, Maharashtra, India.