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 Log in to read complete article.

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