The project proposes to develop a 4 MWp (2.86 MW AC) Solar PV park in Raichur, Karnataka, India. This project aims to generate clean energy through solar for self consumption of the consumer under a captive structure. The project will contribute to reducing carbon emissions and promoting sustainable energy solutions in the region.
The project will be developed on 12 acres of leased land in Raichur, Karnataka. The lease tenure is for 28 years.
₹ 12.33 Crores
Debt
16.20%
25 years
64,02,000 kWh
The consumer is a integrated pharmaceutical company specialising in developing and manufacturing a range of products including specialty formulations, active ingredients, and intermediates. With multiple production facilities domestically and internationally, they have a strong presence in the pharmaceutical market. The company emphasises research and development, supported by a team of scientists working across various therapeutic areas.
In a move towards sustainability, the company is exploring renewable energy options, specifically considering this solar power project. This initiative aims to reduce their carbon footprint and optimise long-term energy costs across their manufacturing facilities, aligning with their forward-thinking approach to business and environmental responsibility.
The power producer and project developer is an Indian renewable energy firm based in Gujarat, established in 2010, specialising in wind-solar hybrid power solutions.
This company combines indigenous technology development with international best practices to provide innovative, cost-effective renewable energy solutions throughout India and neighbouring countries.
