First Solar Brings More Power to India
Posted 2 July 2015 5:57 PM by Sujoy Ghosh
As the global leader in the development, design, construction, and operation of utility-scale solar projects, First Solar has over 700MW of photovoltaic (PV) solar technology operating in India. We recently announced the successful commercial operation of the Marikal Solar Plant, our first utility-scale photovoltaic (PV) project in India. The 20MWAC project has been established in the southern Indian state of Telangana and is contracted under a 20-year power purchase agreement (PPA) to sell power to the Southern Power Distribution Corporation of Telangana at a levelized tariff of Rs. 6.49 per kilowatt-hour (kWh). This project is part of a larger 200MWac project portfolio that is wholly owned by First Solar and is in various stages of construction in India.
The 20MWAC utility-scale PV project represents the latest in proven conceptual design, quality, environmental health and safety, reliability, energy prediction, and financial engineering, and is a great example of how global best practices and technology leveraged with strong local execution capabilities can help deliver projects at very competitive tariffs, within budgets and timelines as committed. The project will not only increase India’s clean energy output, but also supports the penetration of solar energy in the generation mix in the country.
Earlier this year, at RE-INVEST 2015, First Solar made a “Green Energy Commitment” to develop 5GW of solar capacity in India by 2019. Together, First Solar and India are working to realize a shared vision and meet India's growing demand for sustainable, renewable energy.