Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded a 400 MW solar project to ENGIE as a part of its 750 MW, Phase XVI, auction process. ENGIE has signed a power purchase agreement with GUVNL for a period of 25 years. With an estimated cost of approximately $200 million, the project is anticipated to produce 907 GWh of electricity per year, preventing 774,112 tonnes of carbon emissions annually.
The project has already reached the final investment decision stage and is currently under construction. The project is expected to begin operations in second quarter of 2024. Upon commissioning, this project will increase ENGIE’s overall renewable portfolio in India to 1.5 GW, spanning 18 projects across seven states. ENGIE aims to achieve a global capacity expansion of 4 GW annually by 2025, reaching a cumulative installed capacity to 50 GW worldwide.
Recently, in November 2023, RenewSys signed a 100 MW solar module supply agreement with Engie India to deliver monocrystalline bifacial glass-backsheet modules for GUVNL 2 project of Engie India.
In October 2023, Waaree Energies Limited secured a contract from ENGIE India for the supply of 200 MW of solar modules for a solar power project in Sayla village within the Surendra Nagar district of Gujarat.
