Enfinity Global, a US-based renewable energy firm, said it has added 205 megawatt (MW) of solar capacity in India through the interconnection of 135 MW projects in Maharashtra and the acquisition of six projects from Rays Power Infra in Telangana and Karnataka. “We will continue to strengthen our market presence by developing a hybrid renewable portfolio of about 3 GW as part of our current pipeline and continue to acquire operational assets across segments,” said Sandip
Agarwal, Enfinity Global CEO for India. He added that the firm is also expanding into other sustainability areas such as water management, sustainable mobility, hydrogen generation and circular economy. According to the official press release, during the first half of 2022, the company built and interconnected 135 MW in 10 different solar power plants in Maharashtra. The power produced will be sold to Maharashtra State Power Generation Company under a 25-year power purchase agreement (PPA).
“The 250,000 solar panels installed will generate 225 million units of electricity per year, equivalent to lighting 189,000 Indian homes and reducing about 200,000 tonnes of CO2 emissions, equivalent to the amount absorbed by 9.5 million mature trees,” it added. The company has acquired a 70 MW solar power portfolio from Rays Power Infra, a Rajasthan-based solar developer, which includes six operational plants in Telangana and Karnataka. The portfolio acquired in Karnataka includes 47 MW spread over three sites, while the plants acquired in Telangana comprises three other sites totaling 23 MW. All the projects have PPAs signed with state-owned power distribution companies added the press release.