Hindustan Power’s clean energy arm has commissioned its second solar power plant of 50 MW capacity in Punjab at an investment of Rs 325 crores.
“The high degree of solar insolation in the state is enabling a generation of 2,20,000 units of clean energy per day,” Hindustan Power said in a statement.
According to the statement, the commissioning of the 50 MW solar plant increases the cumulative solar capacity of the company in Punjab to 80 (rpt) 80 MWs.
Situated in the cotton farming region of Punjab, the solar plant is part of the drive to promote clean energy and turn farmers into green energy entrepreneurs, it said.
The project was awarded by the Punjab Energy Development Agency on Bidding Route and the PPA has been signed with Punjab State Power Corporation Limited (PSPCL), it added.
“By comparing high-resolution solar resource data at various locations, we were able to identify, and secure investments in the most promising sites for solar photovoltaic power plants in Punjab. Hence, we were able to invest Rs 525 crores and quickly ramp up the cumulative capacity of the company in Punjab to 80 (rpt) 80 MW over last 9 months,” Ratul Puri, Chairman Hindustan Power said in the statement.
“Our plan is to commission incrementally 200 MW in Punjab in the next 18 -24 months.”
Rajya Ghei, CEO – Domestic Solar, Hindustan Power said, “Our design and engineering team have designed the farm to leverage the irradiance the area receives and generate maximum output”.
With a current solar capacity of 600 MW, the company is one of the key players championing the adoption of solar on mass scale in India. The clean energy arm of the company is generating carbon savings of around 720,000 tonnes per year.
Hindustan Cleanenergy Ltd is a pioneer in developing solar farms and is also a significant player operating in the global Renewable energy market. The company was established in 2009, with the objective of developing renewable energy projects in India and around the world.