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VIBRANT ENERGY CONNECTS ITS FIRST THIRD PARTY SOLAR FARM

VIBRANT ENERGY CONNECTS ITS FIRST THIRD PARTY SOLAR FARM

Vibrant Energy Holdings Pte Limited (“Vibrant”) is pleased to announce that it has helped Rockhopper Renewables (India) Private Limited (“Rockhopper”) complete the construction of an 11.7 MWp ground mounted solar farm near the village of Kambadur, in the Anantapur district of Andhra Pradesh. Vibrant will continue to provide asset management and O&M services to Rockhopper now that the plant is operating. The plant was built by KEC International, and uses ReneSola panels.

Michael Hughes, a director of Rockhopper’s UK parent company, said ‘This is our first project in India, and it has been a steep learning curve. We have been grateful for the support that the Vibrant team have provided to us through the whole process, from land acquisition, to equipment procurement, to supervising the EPC contractors during the construction phase. I think it is fair to say that we would have struggled to complete this without the support provided by Vibrant.’

Ram Nandakumar, the Chief Executive of Vibrant Energy in India said ‘It has been a pleasure to work with the Rockhopper management team, and we look forward to continuing to work for them for many years to come as the Kambadur plant exports its clean electricity to the grid. Solar energy is an increasingly important part of the energy mix in India, and offers company’s like Rockhopper the opportunity to make financial returns that they could not expect to achieve on equivalent projects in Western Europe. This is the first time that we have helped a third party foreign investor to develop and build a project in India, but because Vibrant is itself owned by US investors, we have understood the requirements that Rockhopper has had to meet in order to build its first project in India, and have been able to meet these expectations. We look forward to replicating this model with Rockhopper and other foreign investors in years to come.’

If you would be interested in Vibrant Energy supporting you to develop, own and operate renewable energy projects in India, please contact us by emailing info@vibrantenergyholdings.com.