Acciona Energía ventures into the Indian solar market with a new project

Acciona Energía has announced plans to construct a new 412 MWp photovoltaic project in Rajasthan, India, with an expected completion date set for 2025.

Acciona, S.A. is a Spanish multinational conglomerate dedicated to developing and managing infrastructure and renewable energy. Acciona is a global group that develops and manages sustainable infrastructure solutions, especially in renewable energy. Its business spans the entire value chain, from design and construction to operation and maintenance.

The solar farm will comprise approximately 750,000 photovoltaic modules, each boasting a capacity of 545Wp. Anticipated to generate around 800 GWh of green electricity annually, it will be capable of powering approximately 840,000 households while preventing the emission of 724,000 tonnes of CO₂ per year.

This initiative marks Acciona Energía's largest project in India, augmenting its existing portfolio of four wind farms, and underscores the company's commitment to expansion and geographical diversification.

Moreover, the project will be integrated into Acciona Energy's Social Impact Management program to bolster local communities' education, welfare, and environmental conservation efforts.

AL Circle’s latest industry-focused report, “Global Aluminium Industry Outlook 2024”, has revealed that in recent years, the aluminium industry’s long-term outlook has significantly improved, driven by heightened investments in renewable energy and sustainable technologies amid the energy crisis. The global aluminium market is expected to experience substantial growth as nations and corporations ramp up their commitment to carbon neutrality and strive to meet zero-emission targets. Given its unique properties, aluminium plays a vital role in various aspects of renewable energy systems, including energy storage devices, electricity transmission lines, solar photovoltaic panel frames, and tanks for hydrogen storage and transportation. This heightened focus on sustainability is contributing to a positive outlook for the aluminium industry on a global scale.

India stands as the world's fourth largest power market by installed capacity, with 42 per cent sourced from non-fossil fuel origins. With a target of achieving 500GW of renewable energy capacity by 2030, the nation ranks among the most promising territories globally for renewable energy development.

Over the past nine years, India has witnessed a thirty-fold increase in installed solar energy capacity. Rajasthan, specifically, boasts the highest cumulative large-scale solar installations, surpassing 18 GW by the close of 2023. Notably, the solar power harnessed in this region accounts for roughly a quarter of India's cumulative utility-scale solar capacity.