SWRE to Spearhead 600 MW solar venture at Khavda Solar Park
POWER & RENEWABLE ENERGY

SWRE to Spearhead 600 MW solar venture at Khavda Solar Park

Gujarat Industries Power Company (GIPCL) has awarded Sterling and Wilson Renewable Energy (SWRE) a letter of intent for a significant 600 MW solar power project at the renowned Khavda Solar Park.

The expansive project, divided into two 300 MW blocks, encompasses a range of tasks, from design and engineering to testing, commissioning, and three years of operation and maintenance commitment.

Valued at approximately ₹11.3 billion (~$136.1 million), covering all relevant taxes and duties, the contract results from GIPCL securing the 600 MW capacity through GUVNL's Phase XVII auction's greenshoe option, matching the L1 price. Sterling and Wilson won the project bid in May, following an auction that also involved NHPC, SJVN Green Energy, and NTPC Renewable Energy.

SWRE aims to complete the solar project within 15 months, supported by performance and commitment bank guarantees. A 25-year power purchase agreement (PPA) will be signed between GUVNL and GIPCL, ensuring a lasting energy impact.

Amit Jain, Sterling and Wilson Renewable Energy Group's Global CEO, welcomed the deal, noting that their order booking this fiscal year now exceeds 1.6 GWp, totaling ~ ₹18 billion (~$216.64 million).

As Gujarat progresses in renewable energy efforts, GUVNL's latest tender aims for an additional 600 MW in grid-connected solar projects at the GIPCL solar park, reinforcing the state's dedication to sustainable growth. GUVNL's cumulative solar tender capacity has now reached an impressive 12.3 GW, as recorded by Mercom's India Solar Tender Tracker.

Gujarat Industries Power Company (GIPCL) has awarded Sterling and Wilson Renewable Energy (SWRE) a letter of intent for a significant 600 MW solar power project at the renowned Khavda Solar Park.The expansive project, divided into two 300 MW blocks, encompasses a range of tasks, from design and engineering to testing, commissioning, and three years of operation and maintenance commitment.Valued at approximately ₹11.3 billion (~$136.1 million), covering all relevant taxes and duties, the contract results from GIPCL securing the 600 MW capacity through GUVNL's Phase XVII auction's greenshoe option, matching the L1 price. Sterling and Wilson won the project bid in May, following an auction that also involved NHPC, SJVN Green Energy, and NTPC Renewable Energy.SWRE aims to complete the solar project within 15 months, supported by performance and commitment bank guarantees. A 25-year power purchase agreement (PPA) will be signed between GUVNL and GIPCL, ensuring a lasting energy impact.Amit Jain, Sterling and Wilson Renewable Energy Group's Global CEO, welcomed the deal, noting that their order booking this fiscal year now exceeds 1.6 GWp, totaling ~ ₹18 billion (~$216.64 million).As Gujarat progresses in renewable energy efforts, GUVNL's latest tender aims for an additional 600 MW in grid-connected solar projects at the GIPCL solar park, reinforcing the state's dedication to sustainable growth. GUVNL's cumulative solar tender capacity has now reached an impressive 12.3 GW, as recorded by Mercom's India Solar Tender Tracker.

Next Story
Technology

Garuda Aerospace to Build Andhra Pradesh as India’s First Drone City

Garuda Aerospace has announced plans to develop Andhra Pradesh as India’s first ‘Drone City’ with an investment of Rs 1 billion. The initiative, unveiled after a strategic meeting with Civil Aviation Minister Ram Mohan Naidu, aims to establish the state as a hub for drone innovation, research, and development, positioning India as a global leader in drone technology. The project will focus on cutting-edge research, talent development, and the implementation of the ‘Namo Drone Didi’ initiative, which trains rural women in drone technology. Aligned with the ‘Viksit Bharat S..

Next Story
Infrastructure Energy

Amara Raja Wins SECI BoS Auction for 300 MW Solar Project

Amara Raja Infra (ARIPL), a subsidiary of battery manufacturer Amara Raja, has won Solar Energy Corporation of India’s (SECI) auction to supply a balance of system (BoS) to set up a 300 MW grid-connected solar power project at Ramagiri, Andhra Pradesh. Amara Raja won the work for a contract value of Rs 5.44 billion. The tender was floated in March 2024. The scope of work comprises designing, engineering, procuring, constructing, and commissioning the project. It also includes five years of comprehensive operation and maintenance of the project. The contract excludes solar modules, which..

Next Story
Infrastructure Energy

NTPC Picks Energy Dome Tech For 160-Mwh CO2 Battery In India

Indian state-run energy company NTPC Ltd (BOM:532555) plans to install a 160-MWh CO2 battery energy storage system at its NTPC Kudgi thermal power station in the state of Karnataka. NTPC picks Energy Dome tech for 160-MWh CO2 battery in India. The project will be executed on a turnkey basis in partnership with Italian long-duration energy storage firm Energy Dome and Indian industrial steam turbine maker Triveni Turbine Ltd (BOM:533655). The project “represents an important step in NTPC's broader strategy to diversify its energy portfolio and increase the share of renewable power genera..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000