Renewable evergy company ReNew Power Ventures recently signed a power purchase agreement (PPA) with Chandigarh International Airport (CHIAL) for solar installations
ETW Staff – Mumbai
Renewable evergy company ReNew Power Ventures recently signed a power purchase agreement (PPA) with Chandigarh International Airport (CHIAL) for solar installations. The agreement duration for the project is 25 years for five MW installation at the airport. Once completed, the project will help CHIAL generate 8.4 million units of power annually and offset over 8,000 tonnes of carbon emissions annually. The power generated by the installation will be utilised for captive consumption of the airport and will reduce the cost of energy by 20 per cent.
CHIAL is a subsidiary of Airports Authority of India (AAI) and this was one of the first bids under Renewable Energy Service Company (RESCO) conducted by the AAI. ReNew Power will introduce a tracker facility for this project. The five MW PV plant will use a single axis tracker technology that will maximise the output from the plant.
Commenting on the association, Sumant Sinha, chairman and CEO, ReNew Power, said, “We are firm believers that institutions such as the AAI have to lead and show the way to individuals on reducing greenhouse gas emissions. We are therefore delighted to be selected as a partner in the Chandigarh International Airport’s attempts to reduce their carbon footprint. As their technology and innovation partners, ReNew will bring best-in-class expertise in project management and execution besides introducing the tracker technology to help CHIAL maximise its yield.”