PTC India inks MoU with Brookfield for 100 MW solar energy in Rajasthan

NEW DELHI : Energy buying and selling resolution supplier PTC India on Tuesday introduced that it has entered right into a Memorandum of Understanding (MoU) with Brookfield Renewables to buy 100 MW of solar energy on a long-term foundation. 

Brookfield Renewables, with a capability of roughly 24,000 MW globally, is creating a 400 MW solar energy challenge within the Bikaner photo voltaic park in Rajasthan below the $15 billion international transition fund (BGTF), with plans to fee the challenge in phases starting in December 2023.

As per the settlement, PTC India can have an choice to extend the facility capability to 200 MW, which shall be confirmed by each events through the challenge commissioning. PTC India will promote the facility to totally different utilities and business and industrial customers on a long-term, medium-term, and short-term foundation. 

PTC India can even present Brookfield Renewables with a assured tariff and cost safety, taking part in a vital position within the challenge’s growth.

Rajib Okay Mishra, CMD, PTC India Restricted, mentioned in an announcement, “This construction, executed with Brookfield is the primary of its type within the Indian energy market and according to PTC’s efforts to supply and provide renewable power aligned with our sustainability objectives. We’ll scale this construction and replicate it in a number of transactions going ahead.”

Catch all of the Business Information, Banking Information and Updates on Reside Mint. Obtain The Mint Information App to get Each day Market Updates.
Extra Much less

Up to date: 09 Could 2023, 07:47 PM IST


Posted

in

by