Mumbai, July 15 -- Hexa Climate has signed a power purchase agreement with CESC Limited for the supply of 100 megawatt (MW) of Interstate Transmission System (ISTS) connected wind-solar hybrid power, at a tariff of Rs three point seven five per kWh fixed for 25 years. The contracted capacity is 100 MW while the installation will include 50 MW of solar and 100 MW of wind to enable hybrid generation from a site in Mandsaur, Madhya Pradesh. The tariff has been adopted by the West Bengal Electricity Regulatory Commission, providing regulatory assent for the long term arrangement.
The agreement was secured through CESC's tariff based competitive bidding process conducted for a total of 600 MW of wind solar hybrid capacity and reflects competitive pricing in the sector. The project is expected to achieve a declared capacity utilisation factor of 50 per cent at the delivery point, indicating the combined output efficiency of the wind and solar components. The PPA term of 25 years should provide revenue visibility for project developers and lenders.
Hexa Climate conveyed appreciation for the cooperation received from the CESC team during the bidding and contracting process and acknowledged its internal team for achieving the milestone. The company intends to expand its renewable portfolio across India with a mix of wind, solar and hybrid assets to supply dependable clean electricity to the grid. The initiative is aimed at supporting utilities and corporate customers in meeting their sustainability and clean energy targets through competitively priced renewable power.
Being Interstate Transmission System connected, the project will feed renewable energy into the national grid and contribute to regional decarbonisation efforts. The hybrid configuration is intended to improve availability and balance variability compared with single source projects. The development underlines continued investor interest in large scale renewable bids and the role of regulatory approvals in enabling long term contracts.
Published by HT Digital Content Services with permission from Construction World.