Green Infra Wind Energy Ltd (GIWEL), a subsidiary of Sembcorp Industries, disclosed that it has secured a milestone by clinching a 440 MW wind-solar hybrid power project from SJVN Ltd. This opportunity stems from SJVN’s issuance of a 1.5 GW bid back in September 2023, reflecting a strategic move towards sustainable energy solutions.
Green Infra Wind Energy is a leading renewable energy company in India, specializing in wind power generation. Established with a vision to promote sustainable energy solutions, the company has emerged as a key player in the renewable energy sector. Green Infra Wind Energy operates several wind farms across the country, harnessing the power of wind to generate clean and eco-friendly electricity.
The company’s commitment to environmental sustainability is reflected in its efforts to reduce carbon emissions and mitigate the impact of climate change. With a focus on innovation and technological advancement, Green Infra Wind Energy continues to expand its presence in the renewable energy market, contributing significantly to India’s renewable energy goals.
The confirmation arrived through an official statement released by Sembcorp Industries, detailing the acquisition of a Letter of Award (LOA) for the development of the Inter-state Transmission System (ISTS) connected project. Under the terms of this agreement, SJVN will purchase the generated power output under a 25-year long-term Power Purchase Agreement (PPA), ensuring a steady revenue stream for both parties involved.
The timeline for project completion is estimated at 24 months from the date of signing the PPA, highlighting a commitment to expedite the transition towards renewable energy sources. Funding for the project will be sourced from a combination of internal resources and external debt, underscoring Sembcorp’s dedication to financing sustainable infrastructure projects.
This latest addition further solidifies Sembcorp’s position as a global leader in renewable energy, boosting its gross renewables capacity to 14.3 GW worldwide. Additionally, the impending acquisition of a 245 MW asset underscores the company’s continued growth trajectory in the renewable energy sector, signaling a promising outlook for future endeavors.
