Now Reading: Axis Energy, Lumara to build 400 MW solar project in Andhra Pradesh
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Axis Energy, Lumara to build 400 MW solar project in Andhra Pradesh
Axis Energy, Lumara to build 400 MW solar project in Andhra Pradesh
Axis Energy has partnered with Lumara, a renewable energy platform launched by Brookfield in India, to develop a 400 MW utility-scale solar project at Nandipadu Village in Nandyal District, Andhra Pradesh. The…
Axis Energy has partnered with Lumara, a renewable energy platform launched by Brookfield in India, to develop a 400 MW utility-scale solar project at Nandipadu Village in Nandyal District, Andhra Pradesh. The project covers the full engineering, procurement and construction scope, including a 400 kV pooling substation and a transmission line to the Kurnool III CTUIL substation.
The solar plant is expected to create significant local employment during construction and operation. Commissioning is targeted within calendar year 2027, according to a company release.
Indian Opinion Analysis
Andhra Pradesh has set a target of 78 GW of renewable capacity by 2030, up from roughly 11 GW today. Large solar parks in the Rayalaseema region, where Nandyal is located, are central to that goal because of high solar irradiation and available wasteland. The 400 kV pooling substation built by Axis Energy will serve not just this project but future capacity in the area, reducing evacuation bottlenecks that have held up earlier solar parks in the state. Brookfield's Lumara platform, launched in 2023, has committed Rs 50,000 crore for Indian renewables, making this one of several projects it is funding. The next milestone to watch is the signing of a power purchase agreement, which will determine the tariff and bankability of the project.
Source: thehindubusinessline.com
This brief was synthesised by AI from the source linked above.
