A 72 MW solar PV project in the Indian state of Andhra Pradesh has been commissioned by a joint venture of India’s ReNew Power and China’s Hareon Solar Technology Limited.
ReNew Power is an independent Power Producer (IPP), which has been around since 2011 and has backing from investors as Goldman Sachs, Abu Dhabi Investment Authority (ADIA), Global Environment Fund and Asian Development Bank. The company claims to have over 2,500 MW clean energy plants commissioned and under-construction across India.
Its partner Hareon is a large Chinese stock-listed PV company with 1,850 MW of cell manufacturing capacity and 1,200 MW of solar module production capacity. For the Andhra Pradesh project, Hareon has used its high-efficiency multi-crystalline silicon solar modules.
The project is located across two districts of Kurnool and Prakasam in Andhra Pradesh. The 72 MW capacity is expected to generate 115 million units of clean energy annually. For this project, the joint venture has signed 25-year power purchase agreement with the Southern Power Distribution Company Limited of Andhra Pradesh (APSPDCL).
ReNew an Hareon launched a joint venture in July 2015. The 72 MW solar plant is part of the 619 MW of PV projects that were awarded in November 2014 through competitive bidding by APSPDCL and Eastern Power Distribution Company (APEPDCL), two distribution utilities active in the state.
Sumat Sinha, Chairman and CEO, ReNew Power, said, “ReNew Power’s extensive experience in executing projects in India has been matched by Hareon’s high efficiency solar modules production. This has helped us fast-track the commissioning of this project. Both India and China are leading the way in solar energy revolution and this partnership will go a long way in setting new benchmarks for quality and efficiency.”
Rubin Sidhu, director of Hareon Solar India, added, “We are very proud of the work done by both teams to commission this project ahead of schedule. This is Hareon Solar’s first PV project in India, and we look forward to building more projects and growing our portfolio in India in support of her clean energy targets.”