Waaree Energies has commissioned a large-scale10 MWp solar power project in Pondicherry. This first and only solar plant in the city will supply power to Pondicherry Electricity Grid and Pondicherry Electric Department. Financed by IREDA, the project has installed 37,920 Waaree Solar Modules and EPC has been led by Waaree Energies. With an agreement under the LTOA scheme, Waaree has signed a 25-year-long PPA with Chemfab Alkalies.
This reinforces Waaree’s position as a frontrunner in transforming cities towards attaining clean energy solutions while giving impetus to a sustainable future. This also aids the government’s vision of making Pondicherry India’s pilot solar city with an aim to drive the Atma Nirbhar Bharat initiative.
The plant is expected to generate 17500000 KWH of solar electricity in a year bringing down power cost and thus relieving the tariff burden on households and ensuring tremendous value proposition for industries located in the city. This will also power smaller towns and make green electricity accessible even to the remotest areas of Pondicherry. Additionally, it will make the South city carbon neutral, which will facilitate and spur continued growth among segments largely in the tourism circuit.
Commenting on the launch, Viren Doshi, Director, Waaree Energies said, “We are honored to be partnering with the Pondicherry Energy Department and the Pondicherry Electricity Grid to enable the union territory build a solar efficient future. With India on the brink of a solar-powered revolution, this move will potentially contribute to the country’s vision of achieving 175 GW by 2022. Furthermore, it will propel overall development of Pondicherry and also scale new heights in making solar a mainstream source of energy in the country. We will continue to be committed to providing high quality and cost effective sustainable energy solutions to our country.”