July 9 (Renewables Now) - The 750-MW Rewa solar park in the Indian state of Madhya Pradesh has started producing electricity last week, Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL) announced.
Rewa Ultra Mega Solar Ltd (RUMSL), the implementation agency for the project, is a joint venture between state-owned MPUVNL and Solar Energy Corporation of India (SECI). It will also be the operator of the photovoltaic (PV) complex, whose output will be sold to local discoms and the Delhi Metro operator.
Under a deal signed in April, Delhi Metro Rail Corporation (DMRC) will buy power from the solar park at a tariff of around USD 0.044 (EUR 0.037) per kWh, which will be escalating gradually. To be more exact, DMRC will purchase 24% of the generated electricity so it could meet up to 90% of the Delhi Metro’s daytime power requirement, while state power distribution firms (discoms) will get 76%.
Mahindra Renewables, ACME Solar and Solenergie Power each won contracts to build 250-MW portions of the Rewa solar park back in 2017. The project got financing from the International Finance Corporation (IFC) and the Clean Technology Fund.
The complex, touted as one of the largest solar parks at a single location globally, is expected to help offset around 1.54 million tonnes of carbon dioxide (CO2) emissions annually.
(USD 1.0 = EUR 0.851)