Tata nails 39MW India wind buy
India’s Tata Power Renewable Energy (TPREL) has completed the acquisition of a 39.2MW wind farm in the Jamnagar district of Gujarat.
The wind farm, located near Dwarka, was acquired from AES Saurashtra Windfarms (ASW), a subsidiary of US group AES.
The project, which has been fully operational since January 2012, has a power purchase agreement (PPA) with utility GUVNL for sale of the electricity at a rate of 3.56 rupees/kWh ($0.05/kWh).
It is registered with the UN as a Clean Development Mechanism (CDM) project and is eligible to receive CERs.
TPREL, a subsidiary of Indian giant Tata Power, was initially selected as the preferred bidder for the wind farm in September 2013.
Anil Sardana, managing director of Tata Power, said it wants to generate 20-25% of its total output from clean sources.
The project is its second acquisition of an operating wind farm asset, and the company is on a “constant look out for similar opportunities in respect of wind and solar plants”, he added.
With this acquisition, its operational wind capacity reaches 437MW out of a total generation base of 8.56GW.
With wind turbines located across five Indian states — Maharashtra, Rajasthan, Gujarat, Tamil Nadu and Karnataka —Tata Power currently has four of its renewable projects registered under the CDM programme.
These include 50.4MW wind projects at Gadag, Khandke and Samana, Maharashtra, and a 25MW solar project at Mithapur, Gujarat.