Evren signs 300 MW PPA with NTPC, to build 1 GW hybrid renewable capacity
New Delhi: Evren, a renewable energy platform launched by Brookfield in India, has signed a power purchase agreement (PPA) with NTPC Limited for the supply of 300 MW of firm and dispatchable renewable energy (FDRE). The agreement will involve the development of nearly 1 GW of renewable energy capacity, including solar, wind, and battery energy storage systems.
The hybrid plant has been designed to combine solar, wind, and storage technologies to supply reliable renewable power during peak hours. The firm and dispatchable structure is intended to support power distribution companies in aligning renewable supply with demand curves and fulfilling renewable energy consumption and storage obligations.
Suman Kumar, CEO,Evren, said, 'The FDRE tender marks a great milestone for Evren. We are proactively investing in a large pipeline of high-quality resources, comprising of interconnect approvals and data-mapped land, thereby enabling us to provide decarbonization solutions at scale. We are firmly placed to contribute to India's renewable energy transition at scale.'
The project is expected to contribute to grid stability and energy transition efforts by offering consistent
clean energy availability
and supporting power utilities in meeting their energy transition goals.
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