Thursday, February 22, 2024

Amp Energy wins CESC’s 150 MW ‘Wind-Solar Hybrid’ auction at Rs 3.07/unit.

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Amp Energy, a global renewable energy company, has won the auction for CESC Limited’s 150 MW Wind-Solar Hybrid project in Rajasthan, India. The project was awarded to Amp Energy at a tariff rate of Rs 3.07/unit.

The auction was conducted by CESC Limited, one of India’s leading power companies, and saw strong competition from several other bidders. The project is expected to be completed within the next 18 months and will help to further develop India’s renewable energy sector.

The Wind-Solar Hybrid project will be located in Rajasthan, which is known for its strong wind and solar resources. The project will use a combination of wind and solar energy to generate electricity, which will be supplied to the grid.

“We are thrilled to have won the auction for CESC’s Wind-Solar Hybrid project,” said a spokesperson for Amp Energy. “This is an important milestone for our company, and we look forward to working with CESC to deliver clean, sustainable energy to the people of Rajasthan.”

The project is part of India’s push towards renewable energy, which has been driven by the country’s ambitious target of generating 175 GW of renewable energy by 2022. The government has been working to attract investment in the renewable energy sector and has introduced a number of incentives and policies to encourage companies to invest in clean energy technologies.

The success of the auction is seen as a positive sign for the renewable energy sector in India, which has faced several challenges in recent years. However, the government remains committed to its renewable energy goals and is expected to continue to support the sector through policy and regulatory measures.

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