Raasi Green Earth Energy TANGEDCO Solar PV Park is an 118MW solar PV power project. It is planned in Tamil Nadu, 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 2023.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 118 – 118 Permitting Tamil Nadu, India Raasi Green Earth Energy; Risen Energy

Description

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The project is being developed and currently owned by Raasi Green Earth Energy and Risen Energy. The company’s ownership stake in the project stands as 51% and 49% respectively.

Raasi Green Earth Energy TANGEDCO Solar PV Park is a ground-mounted solar project.

The project cost is expected to be around $82.364m.

Development Status

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The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2023.

Power Purchase Agreement

The power generated from the project will be sold to Tamil Nadu Generation and Distribution under a power purchase agreement. The power will be sold at the rate of $0.053kWh for a period of 25 years. The capacity to be procured is 100MW.

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Contractors Involved

Risen Energy is expected to render EPC services for the solar PV power project.

Risen Energy will be the supplier of PV modules for the solar power project.

About Risen Energy

Risen Energy Co Ltd (Risen Energy) is a developer, manufacturer and distributor of solar photovoltaic application products. The company offers solar cell slices and modules such as HJT PV module, polycrystalline PV module, and monocrystalline PV module; off-grid systems; photovoltaic new materials; and energy storage systems for utility, commercial, industrial and residential application. Risen Energy also provides services such as construction, operation and maintenance of the solar power stations; design and technical planning; leasing and building permits; site inspection and development; financing, consulting and installation and system upgrade. The company has operations in Australia, China, Germany, India, Mexico and Japan. Risen Energy is headquartered in Ningbo City, Zhejiang, China.

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.