- Enfinity Global, a US-based renewable energy firm, has added 205 MW of solar capacity in India.
- The company built and interconnected 135 MW in 10 different solar power plants in Maharashtra in the first half of 2022.
Enfinity Global, a US-based renewable energy firm, has added 205 MW of solar capacity in India through the interconnection of a 135 MW portfolio of projects in Maharashtra and the acquisition of 6 operational projects from Rays Power Infra in Telangana and Karnataka. The Enfinity Global CEO for India, Sandip Agarwal, said: “This capacity addition marks an important milestone on Enfinity Global’s growth strategy in India. We will continue to strengthen our market presence by developing a hybrid renewable portfolio of about 3 GW as part of our current pipeline and continue to acquire operational assets across segments”.
The company built and interconnected 135 MW in 10 different solar power plants in Maharashtra in the first half of 2022. The power produced is sold to Maharashtra State Power Generation Company (Mahagenco), which has the highest generation capacity among state power utilities in India, under a 25-year power purchase agreement (PPA).
After the addition of 250,000 solar panels installed, the project will generate 225 million units of electricity annually, equivalent to lighting 189,000 Indian homes. This means a reduction of about 200,000 tonnes of CO2 emissions, equal to the amount absorbed by 9.5 million mature trees,” it added. The six acquired sites total 226,000 solar panels installed, generating 108 million units of electricity sufficient to power 98,352 households and save 103,000 tons of CO2 emissions, equivalent to planting 4.9 million mature trees. The Managing Director, Rays Power Infra, Ketan Mehta, “Given their breadth of investing experience in the renewable space around the world and India in the past, We are very excited to work with Enfinity on this acquisition, and many more projects in the future as Rays Power Infra continue to expand its operations and portfolio”.