Spain's Zelestra inks PPA for 450-MWp solar project in India

Spanish renewable energy company Zelestra said today that it has recently signed a 25-year power purchase agreement (PPA) for the 450-MWp Anboto solar project it developed in the Indian state of Rajasthan.

The PPA with Indian state-run power producer NTPC Ltd (BOM:532555) was awarded to Zelestra in a bidding process in January this year, back when the company was still known as Solarpack.

Under the agreement, NTPC will off-take the entire output of the Anboto solar farm, which is estimated at around 801 GWh annually, Zelestra said.

The commissioning of the plant is expected to take place by the end of 2025, according to the January announcement.

“Our recent success of securing 1.5 GW of PPAs this year alone underscores Zelestra’s aggressive expansion plans in India. With our global capabilities, our strong local insights and financial stability, we are well-positioned to exceed our stakeholders’ expectations,” said Sajay K. V., Zelestra’s India CEO.

Zelestra India has a goal of executing a diverse project portfolio exceeding 6 GW in the next three years.

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