ENGIE signs a 200 MW solar PV project with GUVNL

The new project of Gujarat Urja Vikas Nigam Limited (GUVNL) will fortify the renewable energy capacity of India and promote sustainable development in the region.

ENGIE, a leader in low-carbon energy solutions, signs a Power Purchase Agreement (PPA) for a 200 MW solar photovoltaic (PV) project. This project is part of Gujarat Urja Vikas Nigam Limited’s (GUVNL) larger project encompassing 1,125 MW of grid-connected solar PV power projects to be established within the Gujarat State Electricity Corporation’s Renewable Energy Park situated in Khavda, Gujarat. The bidding process by GUVNL took place on February 2, 2024, with ENGIE securing 200 MW at a competitive tariff of ₹2.62 per unit.

The 200 MW solar PV project marks ENGIE’s fourth solar project in Gujarat, showcasing its expertise and leadership in the renewable energy sector. ENGIE remains dedicated to delivering high-quality, reliable, and sustainable energy solutions to communities across India with advanced technologies and innovative solutions.

Amit Jain, CEO and Country Manager, India, expressed, “The 200 MW solar PV project under GUVNL’s solar power initiative will address rising energy demands, reduce carbon emissions, and contribute to a greener future. The signing of this PPA marks a significant success for ENGIE India, highlighting our dedication to sustainable energy and India’s renewable energy vision.”

ENGIE looks forward to collaborating closely with GUVNL and stakeholders to ensure the successful implementation and operation of the 200 MW solar PV project. This will increase ENGIE’s total capacity in Gujarat to 830 MW, further solidifying it as a major contributor to the state’s renewable energy landscape. With a portfolio of 2.3 GW capacity, ENGIE has achieved considerable success across 19 projects strategically located in key states of India.