Orange Renewable, a subsidiary of Singapore-based AT Holdings Pte. Ltd, has commissioned solar projects totaling 140 MW in India. These projects are in the states of Maharashtra and Gujarat.
According to the company, the 40 MW (Charanka Solar Park, Gujarat) and 100 MW (Dhule, Maharashtra) projects were bagged through a competitive bidding process in 2016 conducted by Solar Energy Corporation of India (SECI), the nodal agency for implementation of Ministry of New and Renewable Energy (MNRE) programs for developing grid-connected solar power capacity through Variable Gap Funding (VGF) model in the country.
“The successful commissioning of our projects testifies our commitment and our relentless pursuit to accomplish the company’s roadmap for future growth. It is immensely gratifying to bring value and positive impact on the lives of many through sustainable clean energy solutions,” said Mr. Hemant Tikoo, Executive Committee Member, Orange Renewable.
“We are delighted with this new development that indisputably demonstrates our focus on project development and execution capabilities in building clean energy assets,” said Mr. Naresh Mansukhani, CEO, Solar Business.
According to Mercom’s India Solar Project Tracker, Orange Renewable had won the bid to develop 100 MW of solar in Dhule, Maharashtra, under NSM Phase-II, Batch 3, by quoting a VGF of ₹4.77 million (~$73,530)/MW, with a fixed tariff of ₹4.43 (~$0.068)/kWh. The power purchase agreement (PPA) was signed in April 2016.
Orange Renewable had quoted a VGF of ₹7.025 million (~$0.11 million)/MW, with a fixed tariff of ₹4.43 (~$0.068)/kWh to develop 40 MW at the Charanka Solar Park, under NSM Phase-II, Batch 4. The PPA was signed in August 2016.
According to Mercom India Research, both the projects had been completed by September 30, 2017. After successful project inspection, the company has issued a release declaring that the projects have been commissioned.
According to Mercom India Solar Project Tracker, cumulative installations in India have now surpassed 17 GW with over 7 GW installed in 2017 to date.
Image Credits: Orange Renewables