Petaling Jaya: Cloud Rising Renewable Energy (YR), the renewable energy business unit of Cloud Rising Holdings Limited, has successfully commenced operations at the Nokh Solar Park in Rajasthan, India.
Rising Sun Energy K Private Ltd (RSEK), an indirect subsidiary of Cloud Rising Renewable Energy, announced that the 285 MW Nokh Solar Park has commenced commercial operations on November 3, 2023. The park is now exporting clean energy to the Rajasthan grid, contributing to India’s National Solar Mission.
“This significant milestone marks YR’s largest solar operation and YR’s third operational asset in India,” YR said in a press release.” The Nokh Solar Park will generate enough energy to power approximately 38,000 Indian homes annually while reducing approximately 470,000 tons of carbon dioxide emissions annually.”
RSEK has signed a 25-year Power Purchase Agreement (PPA) with NTPC Limited, a prominent Central Public Sector Undertaking (CPSU) under the Ministry of Power.
YR’s portfolio in India also includes the Bhadla 1 and 2 solar power plants, which are strategically located 33 kilometers from the Nokh power station.
YR Chief Executive Officer (CEO) David Brunt expressed pride in the successful completion of the Nokh Solar Park project. He said: “This achievement is particularly noteworthy given the challenging business environment we have faced, including the global recession following the COVID-19 pandemic, rising interest rates, extreme supply chain disruption and regulatory changes.
Arunav Sharma, Founder and CEO of RSEK, remains confident in the company’s ability to sustain strong performance in India.” He affirmed, “Since commissioning, our Bhadla solar asset has consistently generated more power than expected, demonstrating our commitment to operational excellence.” We are now even more confident to capitalize on future opportunities and support India’s ambitious goal of 500 gigawatts of renewable energy by 2030.