ReNew Power Signs PPA With Chandigarh International Airport (CHIAL) for Solar Installations.5MW Capacity Plant to use Single Axis Tracker Technology for Improved Efficiency ReNew Power Ventures Private Limited, India’s leading renewable energy company, recently signed a Power Purchase Agreement (PPA) with the Chandigarh International Airport (CHIAL) for solar installations.
The agreement duration for the project is 25 years and was signed after a competitive bidding process in February 2016, for 5MW installation at the airport.
Once completed, the project will help CHIAL generate 8.4 million units of power annually and offset over 8,000 tonnes of carbon emissions annually.
The power generated by the installation will be utilized for captive consumption of the airport and will reduce the cost of energy by 20%.
CHIAL is a subsidiary of Airports Authority of India (AAI) and this was one of the first bids under RESCO (Renewable Energy Service Company) model conducted by the AAI.
As an innovation-driven enterprise which is committed to deliver value to stakeholders, ReNew Power will introduce a tracker facility for this project.
By Baishakhi Dutta
