UPC-AC Energy Solar, a joint venture between UPC Solar and AC Energy, has completed the construction of two solar farms totaling 210 MW, including 140 MW in Sitara, Rajasthan and 70 MW in Paryapt, Gujarat. The Sitara Solar Farm is a Rs 4,828 million solar project in Rajasthan’s Jodhpur district. It has a long-term power purchase agreement with the Solar Energy Corporation of India (SECI) at a rate of Rs 2.48 per kWh.The Paryapt Solar facility is located in Gujarat’s Amreli District. The Rs 2,823 million solar plant supplies electricity to the Gujarat Urja Vikas Nigam Ltd (GUVNL at a tariff of Rs 2.55 per kWh.
The 210 MW solar farm comprises 466,000 solar panels, which will produce about 358 GWh yearly and help offset an estimated 323,990 metric tonnes of CO2. According to the report, the two projects were commissioned on time and within the construction budget despite many challenges due to Covid-19 pandemic and rising material costs. This year, UPC-AC Energy Solar plans to begin development on an additional 420 MW DC of solar assets in Madhya Pradesh. Further, it aims to have roughly 1 GW of operational solar assets in India by 2023, based on early achievements.
By March 2022, the solar farm should be up and running. It will provide SECI with electricity for the next 25 years.With operations in Australia, China, Hong Kong Special Administrative Area, India, Indonesia, Philippines, South Korea, Taiwan, and Vietnam, UPC Renewables is a prominent renewable energy producer in the Asia Pacific region.