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Resolven has entered into a long-term power purchase agreement with Solar Energy Corporation of India for a 180 MW wind energy project in Andhra Pradesh. The project, to be developed by its subsidiary Ganeko Three Energy, is expected to generate around 490 million units of electricity annually at a tariff of INR 3.68 per unit. The output can power about 4.6 lakh households and reduce carbon emissions by nearly 0.4 million tonnes each year. The company continues to expand its renewable portfolio, supported by strong execution capacity and a growing pipeline of projects.
Resolven has signed a 25-year power purchase agreement with Solar Energy Corporation of India (SECI) to supply electricity from a 180 MW wind energy project planned in Andhra Pradesh. The project will be developed through its subsidiary, Ganeko Three Energy Private Limited. Advertisement
The agreement has been secured at a tariff of INR 3.68 per unit. Once operational, the project is expected to generate nearly 490 million units of clean energy annually. This output is estimated to meet the electricity needs of around 4.6 lakh households across the country each year. It is also projected to help reduce carbon emissions by about 0.4 million tonnes annually, supporting India’s broader clean energy transition goals.
Resolven, backed by EQT, continues to strengthen its renewable energy portfolio through such long-term contracts. The company operates as a vertically integrated platform with a focus on multiple renewable technologies, including wind and solar.
Parag Sharma, Chief Executive Officer of Resolven, stated that signing the power purchase agreement with SECI marks a meaningful step in expanding the company’s wind energy portfolio and aligns with its long-term plan of building a diversified renewable platform.
The company currently has over 2.5 GWp of capacity under construction and a tied-up capacity of around 1.8 GWp. This execution scale reflects its ability to deliver large projects and maintain a balanced energy mix. Resolven also has a total development pipeline of about 5.5 GWp and aims to scale this to 10 GWp of renewable assets by 2030.
In recent years, SECI has played a key role in aggregating renewable energy demand and enabling long-term procurement through competitive bidding, which has helped stabilise tariffs and attract private sector participation. Agreements like this continue to support capacity addition in states such as Andhra Pradesh, which remains a key hub for wind energy development due to favourable wind conditions.
Source Reuters
5th Jun, 2025
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