Evren executes PPA with NTPC Ltd. to set up 300 MW Firm and Dispatchable Renewable Energy (FDRE) Project – EQ
-
PPA entails commissioning of over 1 GW capacity including wind, solar and energy storage system
-
FDRE PPA will help power distribution companies in optimal matching of power demand with renewable supply, and in meeting their renewable energy consumption and energy storage obligationsThe project will be the first utility PPA executed by Evren, and is part of a larger 11 GW portfolio
Mumbai, India – Evren, a platform launched by Brookfield in India, has entered into a 300 MW PPA with NTPC Ltd. for supply of firm and dispatchable renewable energy. The PPA entails development of close to 1 GW of renewable energy capacity including wind, solar and battery energy storage.
The plant, designed for 300 MW Firm and Dispatchable Renewable Energy(FDRE), combines solar, wind, and battery storage for efficient peak-hour energy dispatch, helping power distribution companies in better matching power demand with renewable supply, especially during peak demand periods. This PPA will also assist the power distribution companies in meeting their renewable energy consumption and energy storage obligations.
Commenting on the development Suman Kumar, CEO Evrensaid, “The FDRE tender marks a great milestone for Evren. We are proactively investing in a large pipeline of high quality resources, comprising of interconnect approvals and data mapped land, thereby enabling us to provide decarbonization solutions at scale. We are firmly placed to contribute to India’s renewable energy transition at scale.”
Evren
Evren is the development platform launched by Brookfield in India as a joint venture with Axis Energy. Evren has portfolio of over 11 GW, including ~7 GW of late and mid stage pipeline of solar and wind sites across India.
