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Solarpack Secures 25-Year PPA with SJVNL to Deliver Hybrid RE Project in Gujarat

The Ganeko project combines 383 MW of solar photovoltaic (PV) capacity with 99 MW of wind power, totaling an impressive 482 MW.

June 14, 2024. By Abha Rustagi

Solarpack has been awarded a 25-year power purchase agreement (PPA) with SJVNL.

Set to commence in 2026, the agreement will see Solarpack supply SJVNL with renewable energy generated from a hybrid project located in Gujarat. The Ganeko project combines 383 MW of solar photovoltaic (PV) capacity with 99 MW of wind power, totaling an impressive 482 MW. This substantial capacity is expected to produce enough electricity to meet the annual needs of more than 250,000 Indian households, making a notable contribution to the country's energy transition efforts.

Leo Moreno, Solarpack's global CEO, highlighted the project's significance and said, “Our focus is on meeting the specific needs of our customers while making a significant contribution to reducing carbon emissions. This multi-technology project in India is an important contribution to help the country meet its energy transition goals.”

Sajay K.V., CEO of Solarpack India, emphasized the company's strategic ambitions stating “By winning this wind and solar hybrid contract, Solarpack demonstrates its ability to compete in the evolving multi-technology renewable space in India. Through the Ganeko hybrid project, we reach a portfolio of 1 GW in India within the first half of 2024, which is in line with our strategic plan to develop 5 GW of multi-technology projects in the country.”

Solarpack's approach to integrating solar and wind energy not only optimizes the use of complementary renewable sources but also minimizes environmental impact. This aligns with the company's broader mission to lead the transition to a carbon-free energy sector.

Since entering the Indian market in 2015, Solarpack has established a strong presence with eight operational solar PV plants. The addition of the Ganeko project, alongside the upcoming Gorbea and Anboto projects set for 2025, will bring Solarpack's capacity with awarded PPAs in India to 1.3 GW. This positions the company as a key player in the region's shift towards sustainable energy.

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Power purchase agreement (PPA)