Sprng Energy Installs 250 MW of Solar Projects at Rewa Solar Park

Sprng Energy Private Limited, the RE platform of Actis Private Equity Funds, has announced the commissioning of its initial renewable energy project in India.

The 250 MW solar project secured for Rewa Ultra Mega Solar Limited (RUMSL) was one of the first solar projects to rupture the tariff level of ₹2.979 (~$0.0445)/kWh and a 25-year levelized tariff of ₹3.309 ($0.0495)/kWh in the country.

Located at Rewa Ultra Mega Solar Park in Madhya Pradesh, the EPC for the project has been done by L&T Construction Limited. The project has been commissioned within the timeline, stipulated under the power purchase agreement (PPA). Solenergi, the 100% holding company of Sprng Energy based at Mauritius had participated in the Rewa solar park auction and won the first 250 MW project.

The electricity produced from this project will furnish to the electricity needs of Madhya Pradesh and meeting the green power requirements of Delhi Metro Rail Corporation. The project will help mitigate at least 0.35 million tons of carbon emissions on an annual basis, the company stated.

As per Sprng Energy, it presently has a total portfolio of nearly 1.75 GW of solar and wind projects across India, including both under construction and operational assets.