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January 24, 2016

Spain’s Solarpack to build six photovoltaic solar plants in India

Spanish multinational company Solarpack has been awarded a contract to construct six photovoltaic solar plants with a total power of 100MW DC in the Indian state of Telangana.

Spanish multinational company Solarpack has been awarded a contract to construct six photovoltaic solar plants with a total power of 100MW DC in the Indian state of Telangana.

As part of this development, Solarpack has entered into a collaboration agreement with a US-based entity, Think Energy Partners, which develops, finances and constructs photovoltaic solar plants in India.

The company was selected following a bidding process and is said to be the only Spanish firm among the winners.

Expected to generate around 160GWh annually, the six plants will be located in the districts of Mahbubnagar, Medak and Nizamabad in the Indian state of Telangana.

"The drive of Solarpack is to bet for company growth and the development of solar energy projects in regions with high development potential."

Solarpack CEO Pablo Burgos said: "The entry into a market as important as India’s and demonstrates our experience and growing international presence that permits us to be competitive in the most relevant markets.

"In addition, we count on the support of Think Energy Partners that is already widely established in the country, to respond to any challenges that may be encountered."

Burgos further added: "The drive of Solarpack is to bet for company growth and the development of solar energy projects in regions with high development potential."

TSSPDCL, the state distribution company, is set to acquire all the generated electricity through a long-term power purchase agreement (PPA) for a period of 25 years.

Construction on the projects will begin during the first half of this year, while the plants are expected to be in operation at the end of January 2017.

To date, Solarpack has commissioned 35MWp in five sites in Spain, 37MWp in three solar plants in Chile and 62MWp in another three plants in Peru.

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