PROJECT

Projects

Summary of Investment Information

Project Number

39151

Company Name

FOTOWATIO RENEWABLE VENTURES (INDIA) PRIVATE LIMITED

Date SPI Disclosed

Apr 25, 2017

Country

India

Region

South Asia

Projected Board Date

May 31, 2017

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 10, 2025

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Jun 13, 2017
Signed : Jun 16, 2017
Invested : Nov 1, 2017

Sector

Solar - Renewable Energy Generation

Project Description

This Project involves the development, financing, construction, operation and maintenance of 2 solar photovoltaic plants of 50 MW ac  each for a combined capacity of 100 MW ac  (136 MW dc ) in the Ananthapuramu Solar Park in Andhra Pradesh. The solar park is being developed by Andhra Pradesh Solar Park Corporation Limited, a joint venture between State Government and Solar Energy Corporation of India (SECI). 

 The Project is being implemented under the Jawaharlal Nehru National Solar Mission program, Phase II Batch 3. The offtaker for the Project is SECI which will be selling the power to the AP state discoms through a Power Sale Agreement. 

 The Projects will be domiciled in two special purpose companies incorporated in India wholly owned by an international developer - Fotowatio Renewable Ventures BV (FRV, the “Sponsor”).

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation