Orange Renewable, a wholly owned subsidiary of Singapore-based AT Holdings Pte. Ltd, has secured a 200 MW wind power project in Tamil Nadu. The firm had bid at the lowest tariff of ₹2.64 per unit in the Centre’s second competitive auction for wind energy.
The project would come up in Thoothukudi district of Tamil Nadu and will be connected to the inter-State transmission system/national grid, which will enable flow of power from a region rich in wind resource to States that are relatively poor in wind resource, said in a statement.
The project will supply clean and affordable energy to about 150,000 households and offset 650,000 equivalent tonnes of CO2, it added. “We were able to achieve our targeted returns at such a low tariff through a combination of factors, including: ownership of critical development assets in a site with strong wind resource, strong relationships with global suppliers of lowest cost of energy technology, cost economy of scale associated with a single 200 MW project, efficient sourcing of capital, sophisticated and innovative contracts and low offtake risks in power purchase agreement and evacuation,” Sudhir Nunes, CEO, Wind Business, Orange Renewable said.
