Press room

Solarpack wins 25-year PPA for 450 MW project in India

By Harmon

Following the final award decision in favour of the proposal submitted by Solarpack, the construction of the Anboto Solar project, which will generate around 872 GWh per year, will soon commence in the state of Rajasthan.

Solarpack has been awarded a long-term power purchase agreement (PPA) for a 450 MW solar PV plant in India. The award involves the signing of a 25-year PPA with NTPC, the country's leading power generator.

Following the final award decision in favour of the proposal submitted by Solarpack, the construction of the Anboto Solar project, which will generate around 872 GWh per year, will soon commence in the state of Rajasthan. The estimated commissioning date is the end of 2025.

Leo Moreno, Solarpack's CEO, commented: "At Solarpack, we excel at supporting our clients with the best commercial propositions from our vertically integrated, long track record of developing and building renewable projects around the world. This is another example of our ability to deliver large projects on a global scale.  We are very proud to help India reduce its carbon emissions and to promote the country's socio-economic development through job creation and social benefits”.

Solarpack has ambitious plans in India, including the construction of significant projects such as Anboto, and also Gorbea, previously awarded with a PPA, with a total combined capacity of more than 800 MW between the two, and the development of a large project pipeline. In line with these objectives, Sajay K. V., Solarpack's new CEO in India, with the mission to accelerate the expansion plan in the country and lead the execution of projects totalling 5 GW, said: "To meet the needs of our customers, we are diversifying our operations towards hybrid projects in India, integrating technologies such as solar, wind and battery energy storage. Beyond participating in auctions, we will place special emphasis on the corporate market, seeking to offer innovative sustainable energy supply solutions through multi-technology renewable energy projects. We are committed to contributing to the transition to a more sustainable energy system in India,".

According to Pradeep Chauhan, Head of Business Development in India, "The successful award of the contract for the 450 MW solar plant underlines our commitment to providing efficient, competitive and environmentally friendly solutions. We are excited about the positive impact this project will have on the energy sector and the overall development of India".

Solarpack's activity in India started in 2015, successfully consolidating its presence through eight solar PV plants across the country. With the commissioning of the Gorbea and Anboto projects in 2025, Solarpack will reach a portfolio of 1 GW of capacity in India. The company's goal is to drive progress in the energy sector's transition to renewable sources. Solarpack's commitment to sustainability has been recognised by the Sustainalytics ESG Risk Rating, positioning the company as the most sustainable utility in the world.