Ayana Renewable acquires 40 MW of solar assets in Karnataka from First Solar

Ayana Renewable Power Private Limited has acquired a 100 per cent equity stake in two First Solar-developed solar PV power plants, with a total capacity of 40 MW.

The two projects are located in Karnataka and will supply energy to two of the state’s electricity distribution companies, Chamundeshwari Electricity Supply Corporation Limited and Gulbarga Electricity Supply Company Limited under a 25 year PPA contract. The plants displace as much as 0.7 million metric tonnes of CO2 equivalent per year.

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