Solarpack, a multinational Spanish company that develops, constructs and operates PV solar plants globally has been selected to build six PV solar plants with a total power of 100 MWdc in the Indian state of Telangana. Solarpack is in a partnership with Think Energy Partners, a USA based entity that develops, finances and constructs photovoltaic solar plants in India. The state distribution company, TSSPDCL will acquire all the generated electricity through a long term power purchase agreement (PPA) for a period of 25 years.
This is the first contract that is awarded to Solarpack in India, which was the only Spanish company among the winners of this bid. These plants are expected to generate around 160 GWh annually; thus catering to the huge energy requirements of the country.
To achieve the total power awarded, the Consortium will build six plants for a total of 100 MWdc, that will be located in the districts of Mahbubnagar, Medak and Nizamabad in the Indian State of Telangana. The construction will begin during the first half of 2016 and the plants are expected to be in operation at the end of January, 2017.
This contract entails, according to Pablo Burgos, CEO of Solarpack, “the entry into a market as important as India´s and demonstrates our experience and growing international presence that permits us to be competitive in the most relevant markets. In addition, we count on the support of Think Energy Partners that is already widely established in the country, to respond to any challenges that may be encountered”. Mr. Burgos also guarantees that “the drive of Solarpack is to bet for company growth and the development of solar energy projects in regions with high development potential”.
Mr. Ravishankar Tumuluri, Managing Partner of Think Energy Partners, said that “This is just the beginning and we will continue to work toward bringing more and more experience and solar business into India; thereby catering to India’s increasing energy demand. Our vision is to become one of the leading solar power developers in India over the next 3-5 years. We will leverage our global presence and local expertise to provide a reliable platform for our partners”.
Solarpack has commissioned 35 MWp in five sites in Spain, 37 MWp in three solar plants in Chile and 62 MWp in another three plants in Peru.