LANCO Solar has signed Power Purchase Agreements (PPAs) for a cumulative capacity of 141 MW in solar PV and solar Thermal, with the NTPC Vidyut Vyapar Nigam Limited (NVVN) under the National Solar Mission and with the Gujarat Urja Vikas Nigam Limited (GUVNL) under the state policy. It has also signed turnkey EPC contracts with other developers in Rajasthan and Gujarat. The details of its ongoing projects are:
- A PPA for 35 MW solar PV projects in Gujarat signed under the state policy, of which 5 MW has already been successfully delivered while another 5 MW is under commissioning. The completed 5 MW project is one of the largest in the country and the first such project in Gujarat.
- A PPA for 100 MW of solar thermal, 5 MW of solar PV has also been signed under the bidding process of phase I of the Jawaharlal Nehru National Solar Mission (JNNSM) in Rajasthan.
- A decisive step has been taken in the small-scale solar project development area by signing a PPA for 1 MW under the Rooftop and Small Solar Power Generation Programme (RPSSGP) scheme of JNNSM.
- A turnkey EPC contract has been signed for prestigious rooftop PV projects such as the 80 kilowatt-peak (kWp) unit on the Indian Parliament premises and a 100 kWp unit at Science City, Punjab.
Lanco Solar is setting up a 1250 million tonne (MT) polysilicon plant and 80 megawatt peak (MWp) wafering facility in Chhattisgarh with an investment of over $305Mm. Upon completion in 2012, this will be the first of its kind integrated manufacturing facility in India. Lanco Solar has fast-tracked its 50 MWp module manufacturing facility coming up in Chhattisgarh.