India’s Refex Green Power Limited (RGPL), a subsidiary of Refex Renewables & Infrastructure Limited, has secured a tender to build a 100 MW solar power project through a bidding process held by NTPC Limited, India. According to the tender terms, NTPC will enter into a 25-year Power Purchase Agreement (PPA) with RGPL based on the Request for Selection (RfS) issued on June 24, 2024. The PPA is expected to be signed within 90 days of the issuance of the Letter of Award (LoA). The estimated cost of the project is INR480 crores (~$4.03 billion), with a planned commissioning date set for 24 months after the PPA inked.
NTPC signs 25-Year PPA with Refex for 100 MW PV Plant
The project, worth INR480 crores, is scheduled for full commissioning within 24 months of PPA signed. (Image Credit/Source: BarneyElo/Pixabay)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)