Karnataka 395.4 MW Solar-Wind Hybrid Renewable Energy Project

awarded

Serentica Renewables secured a $345.1 million loan agreement led by the Asian Development Bank (ADB) to develop and refinance a large-scale solar-wind hybrid project in Koppal, Karnataka. The project comprises 191.4 MW of ground-mounted solar photovoltaic capacity and 204 MW of wind power capacity, delivering reliable, round-the-clock renewable energy under the group captive model. The clean power generated will be supplied to Bharat Aluminium Company (BALCO) to support its net zero emissions goal by 2050. The project is expected to generate approximately 1,073 GWh of renewable energy annually and avoid over 880,000 tonnes of CO2 emissions yearly. It includes associated transmission infrastructure for power evacuation and is expected to create local employment opportunities.