ib vogt secures 300 MWac capacity solar project in India
Berlin/Germany, Gurgaon/India 15/07/2020. ib vogt GmbH, through its subsidiary ib vogt Singapore Pte. Ltd., has won the right to sign a fixed tariff 25-year power purchase agreement (PPA) under competitive bidding held by SECI, a Govt. of India Enterprise. This was the ninth such auction carried out by SECI, one of the highest credit rated renewable energy buyer in India.
“This tender award marks a major milestone for ib vogt in India and we are looking forward to deliver another state of the art solar power plant in one of the most ambitious and competitive solar markets in the world”, says Anton Milner, Managing Director of ib vogt GmbH. “We have strengthened our presence in the market in the last years, building a motivated team of solar professionals, to drive our business in the public, as well as C&I (Commercial and Industrial) sector in India.”
After issuance of the Letter of Acceptance (LOA) by SECI, an Indian subsidiary of ib vogt Singapore Pte. Ltd. shall execute the PPA in Q4 2020.
The project will be located in Rajasthan, the desert state of India having highest potential irradiance, and will connect at 220 KV Pooling Sub Station (PSS) specially earmarked for evacuating power from such large solar project. The solar power plant will generate up to 800 GWh of renewable energy per year, enough to avoid the annual emission of up to 700.000 tonnes of CO2 emission into the atmosphere.