Evren executes PPA with NTPC Ltd. to set up 300 MW FDRE Project
Evren, a platform launched byBrookfield in India, has entered into a 300 MW PPA with NTPC Ltd. for supply ofFirm and Dispatchable Renewable Energy (FDRE). The PPA entails development ofclose to 1.0 GW of renewable energy capacity including wind, solar and batteryenergy storage.
The plant, designed for 300 MW FDRE,combines solar, wind, and battery storage for efficient peak-hour energydispatch, helping power distribution companies in better matching power demandwith renewable supply, especially during peak demand periods. This PPA willalso assist the power distribution companies in meeting their renewable energyconsumption and energy storage obligations.
Commenting on thedevelopment, Suman Kumar, CEO Evren said, “TheFDRE tender marks a great milestone for Evren. We are proactively investing in alarge pipeline of high-quality resources, comprising of interconnect approvalsand data mapped land, thereby enabling us to provide decarbonization solutionsat scale.”