ABC Renewable Energy Private Ltd (“ABC Renewable”) has announced the signing of the Power Purchase Agreement (PPA) for 380 MW Solar Wind Hybrid Power Project with Solar Corporation of India (SECI).
ABC Renewable emerged as the successful bidder in the 1200MW wind-solar hybrid auction conducted by the SECI under TRANCHE-III on 23 Dec 2021. With this PPA, ABC Renewable has added another feather in the cap, enhancing its RE portfolio to 1080 MW comprising of Solar and Solar-Wind Hybrid projects.
ABC Renewable is one of the fastest growing renewable energy developers in India. It is jointly owned by Brookfield and Axis Energy Ventures India Private Limited (AEVIPL).
About Brookfield
Brookfield is one of the largest global Alternative Asset Manager with over US$545 billion of assets under management. It has over 120 years of operating experience with a focus on Property, Infrastructure, Renewable Power and other Real Estate assets. It is one of the largest pure-play renewable power investors globally offsetting 25 million tons of emissions annually.
About Axis Energy
Axis Energy Ventures India Pvt. Ltd. is a flagship company of Axis Energy Group with a decade of presence in India. It is one of the leading sustainable clean energy company in the energy sector and has been involved in development of renewable energy projects based on wind, solar and wind solar hybrid for promoting clean and green energy.
The Group has executed more than 1 GW of renewable energy projects till date. Axis Energy’s vision is to be pioneers in renewable energy through innovative and sustainable clean energy solutions.
