Apraava Energy secures 300 MW wind project in Karnataka

The construction of the project is scheduled to be completed in a period of 25 years as outlined in the Power Purchase Agreement (PPA).

Apraava Energy, a leading integrated energy solutions provider, announced today that it has successfully secured a 300 MW wind energy project in Aski, Karnataka. This significant achievement is part of the 1200 MW auction capacity allocated for Inter-State Transmission System (ISTS)-connected wind power projects in Tranche-XIV by the Solar Energy Corporation of India (SECI). The construction of the project is scheduled to be completed within the stipulated timelines outlined in the Power Purchase Agreement (PPA), which spans a period of 25 years. The competitive tariff for this venture is set at INR 3.24/kWh.

Apraava Energy’s triumph in acquiring this wind energy project underscores its commitment to advancing sustainable and renewable energy solutions. The strategic location of the project in Aski, Karnataka, further enhances its potential for contributing significantly to the renewable energy landscape. The adherence to the agreed-upon timelines and the competitive tariff established in the PPA demonstrates Apraava Energy’s dedication to operational efficiency and cost-effectiveness in the renewable energy sector.

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This milestone project is poised to make a substantial impact on the region’s energy infrastructure and aligns with India’s broader goals of expanding its renewable energy capacity and reducing dependence on non-renewable sources. Apraava Energy continues to play a pivotal role in shaping the future of clean and sustainable energy solutions in the country.

Commenting on the project win, Rajiv Ranjan Mishra, Managing Director, Apraava Energy, said, “This is our third wind project in the state of Karnataka, which offers tremendous opportunities for RE growth. With the rich experience of being early adopters of wind power generation in the country, coupled with expertise of working with marquee O&M partners, we aim to build the project with the highest operational standards. The government’s efforts through SECI and other federal agencies have been instrumental in bringing much-needed transparency to the bids, resulting in the accelerated growth of renewable energy and bringing the nation closer to its ambitious energy transition goals.” 

As part of the agreement, Apraava Energy will be responsible for acquiring the land, developing the wind farm, and establishing the grid infrastructure up to the metering point at the ISTS grid substation. The company’s current RE portfolio (Solar and Wind) stands at 1176 MW, with projects spread across the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Tamil Nadu, Telangana and Karnataka.