Zelestra Signs PPA with NTPC for the 450 MW Solar Project in Rajasthan – EQ
In Short : Zelestra has signed a Power Purchase Agreement (PPA) with NTPC for a 450 MW solar project in Rajasthan. This agreement marks a significant step in expanding renewable energy capacity in the region. The project will contribute to India’s renewable energy goals, providing a substantial boost to solar power generation in Rajasthan, a state with high solar potential.
In Details : India’s leading power generator, NTPC and Zelestra, a client-focused, multi-technology, global renewable energy company backed by EQT, one of the world’s largest private equity firms have recently signed a 25-year Power Purchase Agreement (PPA) for the 450 MWp solar project in Rajasthan, India.
The long-term deal with NTPC covers the entire output of the future plant, which is estimated to stand at around ~801 GWh annually. This will result in a significant reduction of 13,555.774 metric tons of CO2 emissions over 25 years. This proposed Anboto solar project shall be commissioned in Rajasthan to support Zelestra India’s goal of executing a diverse project portfolio exceeding 6 GW in the next three years.
Leo Moreno, Zelestra’s global CEO says: “At Zelestra, we are dedicated to serving our clients with the best techno-commercially customised solutions through innovation and collaboration, leveraging our long history of developing and building renewable projects around the world.”
Sajay K. V., Zelestra’s India CEO commented, “Our recent success of securing 1.5GW of PPAs this year alone underscores Zelestra’s aggressive expansion plans in India. With our global capabilities, our strong local insights and financial stability, we are well-positioned to exceed our stakeholders’ expectations.”
Zelestra leverages multiple generation and energy storage technologies, including solar, wind, batteries and green hydrogen, to drive the energy transition forward. Zelestra has evolved from a centralized renewable developer to a global, customer-centric platform, providing innovative decarbonization solutions.
