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ACEN Bares Start Of Operations Of A Joint Venture Solar Farm In India
- By The Financial District
- Aug 11, 2021
- 2 min read
AC Energy Corporation (PSE: ACEN) and UPC Solar Asia Pacific, through joint venture company, UPC-AC Energy Solar, announced the start of commercial operations of its two maiden solar farms in India, the 140 MWp (100 MWac) Sitara Solar and 70 MWp (50 MWac) Paryapt Solar.
Photo Insert: The development of the solar facilities in India involved an investment of around US$100 million.
UPC-AC Energy Solar is poised for a landmark year, with the company gearing up to start the construction of 420 MWp (300 MWac) more of solar assets in India within the year.
In July 2020, it also announced the commencement of construction of Sitara Solar located in the Jodhpur District of the State of Rajasthan, a desert state with the highest irradiation in India, that will supply energy to the Solar Energy Corporation of India.
This was followed closely by the start of the construction of Paryapt Solar, a solar farm set in the Amreli District of the State of Gujarat, one of the first states to develop solar generation capacity in the country.
The development of the solar facilities involved an investment of around US$100 million. With an aggregate capacity of 210 MWp, the solar farms are comprised of more than 466,000 solar panels which are capable to produce around 358 GWh annually, or an estimated 323,990 metric tonnes of CO2e avoided.
The milestone was no small feat given the worsening pandemic situation in India, where the COVID-19 variant caused mass devastation, slowed the economy and disrupted supply chains.
To sustain the plants’ development, UPC-AC Energy Solar has implemented safety protocols at the site, with the aim to ensure the health and overall well-being of all the plant workers. “Switching on our first two solar projects in India is a major milestone that strengthens our position in India’s renewables space,” said Patrice Clausse, Chief Operating Officer of AC Energy International.
“As we expand our renewables footprint in the region, we remain fully committed in helping India achieve their sustainable energy goals, and aid in the country’s socio-economic progress, especially during these challenging times.”
