Powertrac Group has signed Power Purchase Agreements (PPAs) for the development of 480 MW of ground-mounted solar power projects under Gujarat’s Distributed Renewable Energy Bilateral Purchase programme. The agreements have been executed with Paschim Gujarat Vij Company Ltd (PGVCL), the state utility responsible for facilitating renewable energy procurement under the initiative.
The milestone marks a significant step in Gujarat’s efforts to expand clean energy generation while promoting decentralized renewable power infrastructure across the state.
₹2,155 Crore Investment Planned for Solar Expansion
According to the company, the 480 MW solar portfolio will require an estimated investment of ₹2,155 crore. The projects are expected to contribute substantially to Gujarat’s renewable energy capacity while supporting India’s broader clean energy and decarbonisation goals.
The solar installations will generate electricity under long-term PPAs and supply power at a tariff of ₹2.76 per kWh, helping deliver affordable renewable energy to the state’s electricity network.
Focus on Domestic Solar Manufacturing
Powertrac Group stated that the projects will be developed using DCR-compliant (Domestic Content Requirement) solar photovoltaic modules, supporting the Government of India’s push to strengthen domestic solar manufacturing and reduce reliance on imported equipment.
The use of locally manufactured modules aligns with India’s broader strategy of building a resilient renewable energy supply chain while encouraging investment in domestic clean energy manufacturing.
Infrastructure Development Underway
The company has already initiated multiple activities required for project execution, including:
- Land acquisition and site preparation
- Engineering and project design
- Equipment procurement
- Ground development activities
- Financial closure processes
Powertrac said financial closure has entered its final stage, while on-ground development work has already commenced, indicating progress toward project implementation.
Power Evacuation Through Existing Grid Infrastructure
Electricity generated from the solar projects will be evacuated through Gujarat’s 11 kV feeder-level substation network, enabling efficient integration of renewable energy into the local distribution infrastructure.
The feeder-level approach supports decentralized power generation and helps improve grid reliability while reducing transmission losses associated with long-distance electricity transport.
Gujarat Continues to Strengthen Renewable Energy Leadership
Gujarat remains one of India’s leading renewable energy states, with significant investments in solar, wind, hybrid energy, and green hydrogen projects. The state’s distributed renewable energy programme is designed to encourage private sector participation while accelerating clean energy deployment closer to consumption centres.
The addition of 480 MW of solar capacity is expected to support Gujarat’s growing electricity demand while contributing to national renewable energy targets.
Powertrac Targets 1 GW Renewable Energy Portfolio by 2030
The latest PPA signing forms part of Powertrac Group’s broader growth strategy in the renewable energy sector.
The company has set a target of building a 1 GW Independent Power Producer (IPP) portfolio by 2030, positioning itself as a significant contributor to India’s expanding renewable energy ecosystem.
As investments in solar energy continue to rise across the country, Powertrac’s latest projects are expected to strengthen its presence in the utility-scale solar market while supporting India’s transition toward a cleaner and more sustainable energy future.
Outlook
With PPAs secured, project planning underway, and financial closure nearing completion, Powertrac Group is moving forward with one of its largest renewable energy investments to date.
The 480 MW solar portfolio not only strengthens Gujarat’s clean energy infrastructure but also highlights the growing momentum behind distributed renewable energy models that can deliver affordable, reliable, and sustainable electricity at scale.
