Welspun Energy-Maharashtra Solar PV Park is a 100MW solar PV power project. It is planned in Maharashtra, 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 | 100 | – | 100 | Permitting | Maharashtra, India | Tata Power Renewable Energy; Welspun Energy |
|---|
Description
The project is being developed by Tata Power Renewable Energy and Welspun Energy. The project is currently owned by Tata Power Renewable Energy.
Welspun Energy-Maharashtra Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $69.8m.
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 Solar Energy Corporation of India under a power purchase agreement. The power will be sold at the rate of $0.068kWh for a period of 25 years. The capacity to be procured is 100MW.
About Tata Power Renewable Energy
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Co Ltd, is a provider of renewable energy in India. The company generates and sells power to the local distribution companies. It develops, constructs and operates wind, solar and waste gas based power assets. TPREL generated renewable power of capacity 1959 MW including 907 MW Wind Power, 932 MW Solar Power and 120 MW based on Waste Heat Recovery. The company has partnership with ABB, Gamesa, Inox Wind, Kenersys, ReGen Powertech, Suzlon, Tata power solar and Wind World. Its future project portfolio includes 500 MW capacity of solar and wind plants. The company has its business presence in Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Tamil Nadu, West Bengal, Bihar, Andhra Pradesh and Punjab. TPREL is headquartered in Mumbai, Maharashtra, India.
About Welspun Energy
Welspun Energy Ltd (Welspun) is an independent power company which engages in the development of renewable energy projects. The company is headquartered in 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.
