Engie has announced that following a series of successes in auctions, its total renewable capacity in India now exceeds 1500 MW.
French multinational electric utility, Engie has announced that following a series of successes, its total renewable capacity in India now exceeds 1500 MW.
The company has revealed in a statement that it was was just awarded by Solar Energy Corporation of India (SECI), a 200 MW onshore wind project in the state of Gujarat, and that it will sign a 25-year power purchase agreement (PPA) with Federal Government entity, SECI.
This success follows an earlier award to the group by the Gujarat Urja Vikas Nigam Limited (GUVNL), for a 280 MW solar photovoltaic (PV) project, in the state as part of the Raghanesda solar park, currently under development. Under the scope of the project, Engie will also sign a 25-year PPA with GUVNL, the state power distribution company.
The French utility has also finalised commissioning one week ahead of schedule of 80% of the 338 MW Kadapa solar PV project located in the state of Andhra Pradesh, followed by commercial operation in early June.
Paulo Almirante, ENGIE’s Executive Vice President and Group COO said, “These successes demonstrate ENGIE’s capability to accelerate the development of its renewable energy portfolio and meet the ambitious target of adding 9 GW of additional renewable capacities over the next 3 years.”
Engie has been present and active in India for well over 40 years. The Group employs approximately 1,000 people in the country in power generation, engineering and energy services.
In May, we reported that Engie and Portugal’s largest electricity operator EDP have announced the signing of a strategic Memorandum of Understanding (MoU), to create a co-controlled 50/50 joint-venture (JV) in fixed and floating offshore wind projects.
The new entity will be the exclusive vehicle of investment of EDP, through its subsidiary EDP Renewables (EDPR), and ENGIE for offshore wind opportunities worldwide and will become a global top-5 player in the field, bringing together the industrial expertise and development capacity of both the companies.