Germany based photovoltaic systems and energy storage company IBC SOLAR announced on April 24 the completion of a 27 MW (DC) solar plant in the Indian State of Odisha near Kesinga.
IBC SOLAR´s Sadipali project is part of a 270 MW PV tender floated by Solar Energy Corporation of India (SECI) in the state of Odisha in August 2016, and a 25-year PPA awarded to IBC SOLAR through a competitive reverse auction process.
Non-recourse project financing was concluded with L&T Infrastructure Finance Company Limited in March 2017. Following the securement of 111 acres of land in August 2017, the local electric power transformation substation had to be upgraded to manage the soon-to-be generated energy, a transmission line for approx. 8 km was built and construction of the solar plant then started in November 2017.
Mr Shailendra Bebortha, Managing Director of IBC Solar in India, explained that this project will bring western Odisha prominently in the solar map of India and contribute to increase the standard of living in the area by creating many local opportunities both during the construction and operations phase.
While states like Rajasthan, Telangana and Andhra Pradesh already have a large share of solar power with more than 2 Gigawatts installed capacity each, the state of Odisha lags behind with approx. 90 MW installed capacity (by autumn 2017) and has only recently begun to try and pick up speed. With the newly connected PV plant, IBC SOLAR is supporting Odisha to increase its share of solar power by around 30%. This is an important step for the economic development in Odisha and, in particular, for the district of Kalahandi where the new solar plant is situated.
Mr. José María Llopis, CEO of IBC SOLAR Energy GmbH said:
“With this project, we have consolidated a strong know-how in project development, land securitization and grid connection in Odisha, a state with a high potential for solar PV build-up.”
It is not only the company’s largest single location plant, but also its first project in India that was fully developed, financed, constructed and commissioned by IBC SOLAR alone.
Source: Press Release by IBC SOLAR.