Enel Green Power through its Indian renewable subsidiary EGP India has secured the right to sign an energy supply contract for a 420MW solar farm in the state of Rajasthan.
The project was awarded under the 2GW Ninth Tranche of the national solar tender issued by the government company Solar Energy Corporation of India (SECI).
Commercial operations are expected at the end of 2021. The project will involve an investment of approximately $180m (€160m), Enel said.
The project will supply specified volumes of energy over a 25-year period to SECI.
The facility will be able to generate more than 750 gigawatt-hours of electricity a year.
Enel Green Power chief executive Antonio Cammisecra said: “This new tender award is testament to Enel Green Power’s continuous commitment to expand its clean, sustainable energy footprint, with the aim to move forward along the Enel Group’s path towards full decarbonisation.
“India represents an important market in a strategic geography for our company, as it boasts a wealth of renewable resources and a highly competitive environment coupled with growing energy demand.
“We are proud to strengthen our presence in India with our first solar project, as we continue to contribute to the achievement of the country’s sustainable energy goals, while providing clean energy with the most innovative technologies.”
The project will help the Indian government meet its renewable energy goals of 100GW of solar and 60GW of wind power by 2022, up from around 35GW of PV and about 38GW of wind currently, Enel said.
EGP India owns and operates 172MW of wind capacity in Gujarat and Maharashtra.