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January 4, 2022

Waree Energies Ltd (NSM- Phase II – Batch I) Solar PV Park, India

By Carmen

Waree Energies Ltd (NSM- Phase II – Batch I) Solar PV Park is a 50MW solar PV power project. It is located in Madhya Pradesh, India. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in 2015.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Madhya Pradesh, India Waaree Energies

Description

The project is developed and owned by Waaree Energies.

Waree Energies Ltd (NSM- Phase II – Batch I) Solar PV Park is a ground-mounted solar project.

The project cost is $64.979m.

Development Status

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The project got commissioned in 2015.

Power Purchase Agreement

The power generated from the project is sold to Solar Energy Corporation of India under a power purchase agreement. The power is sold at the rate of $0.089kWh for a period of 25 years.

About Waaree Energies

Waaree Energies Pvt Ltd (WEPL) is a manufacturer of solar panels that markets solar panels and solar modules. The company provides products such as solar thermal products, PV modules, solar water pumps, EPC utility grid projects, and other products and portable kits, among others. It provides solar EPC services for solar power plants, solar rooftop systems, solar cookers, solar home power systems, solar farms and solar power projects, solar water pumps, solar water heaters, solar home lighting, solar lanterns and solar gadget kits. WEPL also provides portable kits including solar garden light, solar street light, solar mobile charger, solar and reading lamps, among others. The company has its presence in Bangalore, Lucknow, New Delhi, Chennai, Kolkata and Gujarat, India, among others. WEPL is headquartered in Mumbai, Maharashtra, 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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