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Zelestra to Supply Electricity to NTPC from its 450 MW Solar Project

Spanish renewable energy firm Zelestra has signed a pact for supply of electricity from its 450 MW solar project in Rajasthan to NTPC. The 25-year power purchase agreement (PPA) will result in a significant reduction of 13,555.774 tonne of CO2 emissions over this period.

 

The proposed project will be commissioned in Rajasthan to support Zelestra India's goal of executing a diverse project portfolio exceeding 6 GW in the next three years. Zelestra offers clients with techno-commercially customized solutions, and has expansion plans in India.

 

The company leverages multiple generation and energy storage technologies, including solar, wind, batteries and green hydrogen. With a portfolio of 20 GW of carbon-free projects across 13 countries, Zelestra is a vertically integrated company specializing in developing, constructing, commercializing, and operating large-scale RE projects. It is backed by EQT, one of the largest fund managers in the world, with $232 billion in assets.

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