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Hyderabad-based Axis Energy Ventures India on Saturday said it has commissioned a 445 MW solar plant in Rajasthan in partnership with Brookfield Renewables.
Axis Energy Ventures India Pvt Ltd said in a statement that the project is part of its joint venture platform ‘ABC Renewables’ with Brookfield Renewables. Under this, a large renewable energy portfolio of 5 GW capacity is to be established in India.
“As part of the ABC Renewables platform, Axis Energy and Brookfield Renewables have commissioned a 445 MW solar power project in a record time of six months in Jodhpur, Rajasthan,” the statement said.
However, the company has not given financial details related to the project. However, according to industry estimates, an investment of Rs 4.5 crore is required for each MW of solar power.
The project is expected to avoid 6 lakh tonnes of CO2 emissions per year or the equivalent of planting 24 million trees while generating 800 GWh of clean energy annually, the company said.
K Ravi Kumar Reddy, Chairman and Managing Director, Axis Energy said, “The platform has showcased immense success and takes pride in commissioning the project that brings environmentally-friendly objectives which the country awaits. We further hope and contemplate to take up projects that will be best of contributions to the environment”.