Southern Solar to build first part of 100MW Indian project

Building by phases.

Through this process, Southern Solar will complete the first 25MW of the project a 100 MW solar farm in Tamil Nadu by March.

Rohit Rahindernath, CEO and MD of Zynergy, revealed that Southern Solar, a joint venture of Gestamp and Zynergy, will buy 202 hectares in the Madurai and Ramnad districts.

It plans to sell the power generated by the plants directly to industrial consumers.

Supposedly, the JV has already signed memorandums of understanding with possible buyers for the distribution of power for 10MWs of the project and is in the midst of negotiating power purchase agreements with them. Rahindernath explained that the PPAs will more than likely be for 25MW and so the initial phase for the solar projects will be for the same capacity.

Rahindernath has reportedly confirmed that Southern Solar will sell the electricity at Rs.9 (US$0.17) and above per unit. Benefits that the JV would get from trading in the renewable energy certificates are to be shared with the electricity buyers.

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