Hindustan Cleanenergy signs 30MW and 20MW PPAs for solar projects in Punjab, UP

NEW DELHI: Hindustan Clean energy Limited, the clean energy arm of Hindustan Power projects has been awarded three projects for developing solar farms in the states of Punjab and U.P. the largest developer of renewable energy in the country has executed its power purchase agreement (PPA) for two solar projects of 15MW each with the Punjab government and the third one 20MW solar project with the Uttar Pradesh government.

The projects were won by the company through a competitive bid and are expected to go on stream during the current year.

These projects will help both Punjab and Uttar Pradesh with their initiatives to accelerate the pace of overall development in the states there by making way for focus on renewable sector.

“The solar farms in Punjab will generate around 46 million units per annum of clean energy, eliminating around 45,000 tonnes of carbon dioxide emissions. The company would invest Rs 400 crore towards commissioning of the projects and would be first Indian solar developer to have installed over 500 MW of solar farms in next few quarters. In a short span, we have invested approximately Rs 5,500 crore in developing solar farms,” said Ratul Puri, chairman, Hindustan Powerprojects.