Ayana Kadapa Renewable Power Private Limited secures PPA with SECI for 250 MW solar project

Ayana Kadapa Renewable Power Private Limited's securing of a 25-year Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) for its 250 MW AC solar PV project in Andhra Pradesh represents a significant step in India's renewable energy expansion. The PPA, priced at a competitive tariff of ₹2.71 per unit, underscores the ongoing cost competitiveness of solar energy in the Indian market. This project is part of a larger initiative, further solidifying Ayana Kadapa's position as a key player in the renewable energy sector. The involvement of SECI, a central government entity responsible for facilitating the development of solar energy projects, and NTPC Green Energy Ltd (NGEL), a subsidiary of NTPC Limited focused on renewable energy projects, as offtakers highlights the strategic importance of this project to India's national renewable energy goals. This deal demonstrates continued investment in solar infrastructure and supports the country's commitment to reducing its carbon footprint. The project's scale and the participation of prominent entities suggest a positive outlook for future renewable energy projects in the region.