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NTPC and Zelestra Ink PPA for 450 MWp Solar Project in Rajasthan

This proposed Anboto solar project shall be commissioned in Rajasthan to support Zelestra India’s goal of executing a diverse portfolio.

August 26, 2024. By Abha Rustagi

NTPC, India’s largest integrated power utility, and Zelestra, a global renewable energy company backed by EQT, have recently signed a 25-year Power Purchase Agreement (PPA) for the 450 MWp solar project in Rajasthan, India.

The long-term deal with NTPC covers the entire output of the future plant, which is estimated to stand at around ~801 GWh annually. This will result in a reduction of 13,555.774 metric tons of CO2 emissions over 25 years.

This proposed Anboto solar project shall be commissioned in Rajasthan to support Zelestra India’s goal of executing a diverse project portfolio exceeding 6 GW in the next three years.

“At Zelestra, we are dedicated to serving our clients with the best techno-commercially customised solutions through innovation and collaboration, leveraging our long history of developing and building renewable projects worldwide," said Leo Moreno, Zelestra’s global CEO.

Sajay K.V., Zelestra’s India CEO commented, “Our recent success of securing 1.5 GW of PPAs this year alone underscores Zelestra’s aggressive expansion plans in India. With our global capabilities, our strong local insights and financial stability, we are well-positioned to exceed our stakeholders’ expectations.”

Zelestra leverages multiple generation and energy storage technologies, including solar, wind, batteries and green hydrogen, to drive the energy transition forward.

Tags:

Power purchase agreement (PPA)

CO2 emissions

Leo Moreno

Zelestra’s global CEO