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The two solar farms of AC Energy Corp. and foreign partner UPC Solar Asia Pacific in India have started operations.
AC Energy Corporation and UPC Solar Asia Pacific through its the joint venture company UPC-AC Energy Solar, announced the start of commercial operations of its two maiden solar farms in India, the 140 MWp (100 MWac) Sitara Solar and 70 MWp (50 MWac) Paryapt Solar.
UPC-AC Energy Solar is poised for a landmark year, with the company gearing up to start the construction of 420 MWp (300 MWac) more of solar assets in India within the year.
With investment cost of about $100 million, these solar facilities consist of more than 466,000 solar panels, which are capable of producing around 358 gigawatt hours annually, or an estimated 323,990 metric tons of carbon dioxide avoided.
“Switching on our first two solar projects in India is a major milestone that strengthens our position in India’s renewables space,” said Patrice Clausse, Chief Operating Officer of AC Energy International. “As we expand our renewables footprint in the region, we remain fully committed in helping India achieve their sustainable energy goals, and aid in the country’s socio-economic progress, especially during these challenging times.”
Pranab Kumar Sarmah, CEO of UPC-AC Energy Solar and co-founder of UPC Solar Asia Pacific said, “We are pleased to commission these two projects on time and within the construction budget despite many challenges due to COVID-19 pandemic delays and rising material costs. Thanks to the support of our dedicated project team, EPC partners, equipment suppliers and financial partners. With our initial successes on hand, we are aiming to have about one GW operating solar asset in India by 2023.”
UPC-AC Energy Solar is gearing up to commence construction of 420 MWp more of solar facilities in the country within the year. The joint venture is targeting to achieve more than 1 gigawatt of solar energy portfolio across Asia.