ENGIE, a global leader in low-carbon energy solutions, has signed a Power Purchase Agreement (PPA) for a 200 MW Solar Photovoltaic (PV) project. This project is part of Gujarat Urja Vikas Nigam Limited’s (GUVNL) ambitious 1,125 MW grid-connected Solar PV power projects, set to be developed within the Gujarat State Electricity Corporation’s Renewable Energy Park in Khavda, Gujarat. ENGIE secured the 200 MW capacity with a competitive tariff of ₹2.62 per unit during GUVNL’s bidding process held on February 2, 2024.
GUVNL’s project aims to significantly enhance India’s renewable energy capacity and support sustainable development in the region. This 200 MW Solar PV project represents ENGIE’s fourth solar venture in Gujarat, underscoring the company’s expertise and leadership in the renewable energy sector. ENGIE continues to leverage advanced technologies and innovative solutions to deliver high-quality, reliable, and sustainable energy to communities across India.
Amit Jain, CEO and Country Manager of ENGIE India, stated, “The 200 MW Solar PV project under GUVNL’s solar power initiative will address rising energy demands, reduce carbon emissions, and contribute to a greener future. Signing of this PPA marks a significant success for ENGIE India, highlighting our dedication to sustainable energy and India’s renewable energy vision.”
ENGIE is committed to working closely with GUVNL and other stakeholders to ensure the successful implementation and operation of the 200 MW Solar PV project. With this addition, ENGIE’s total capacity in Gujarat will reach 830 MW, further solidifying its position as a major contributor to the state’s renewable energy landscape. ENGIE’s portfolio in India now boasts a total capacity of 2.3 GW across 19 strategically located projects in key states, reflecting the company’s significant achievements and ongoing commitment to renewable energy.
