Indian private renewable energy company Hero Future Energies’ 300MW solar power project at Bhadla solar power park in Rajasthan, has reached completion with a total installed capacity of 2.245GW.
Bhadla solar park is significant in many aspects. The solar park saw multiple record-low tariffs during some highly competitive auctions. Projects at the solar park were developed by multiple companies through public-private partnerships.
State government developed 745MW of capacity, a joint venture company of IL&FS and the Rajasthan state government, developed 1GW of capacity, while another joint venture between Adani Enterprises and the Rajasthan government developed 500MW.
India’ largest generation company, state-owned NTPC Limited, owns 260MW of the facility’s output capacity. Two auctions in May 2017 saw the country’s lowest-ever recorded bids, with Acme Cleantech Solutions securing 200MW of capacity at Rs 2.44/kWh (US¢3.8/kWh).
The energy transition is a hot topic disrupting the utility industry in Asia and will be a key focus at Enlit Asia which takes place in Jakarta, Indonesia from 23-25 March. For more details click here.