Enel to build first solar plant in India after winning tender

  • Reuters
  • Stock Market News
Enel to build first solar plant in India after winning tender

MILAN, June 30 (Reuters) - Italy's biggest utility Enel ENEI.MI said on Tuesday it had won its first photovoltaic tender in India and would be spending around $180 million to build its first solar plant in the country.

In a statement, the group said its green energy unit had won the right to sign a 25-year energy supply contract for a 420 megawatt (MW) solar project in the State of Rajasthan.

"India represents an important market in a strategic geography for our company, as it boasts a wealth of renewable resources and a highly competitive environment coupled with growing energy demand," the CEO of Enel Green Power Antonio Cammisecra said.

Enel Green Power, through EGP India, owns and operates 172 MW of wind capacity in India.

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