German solar project developer IBC Solar AG has completed a 27 MW solar plant near Kesinga in the Indian district of Kalahandi/Odisha. IBC Solar´s »Sadipali« project is part of a 270 MW PV tender floated by Solar Energy Corporation of India (SECI) in the state of Odisha in August 2016. A 25-year PPA was awarded to the company through a competitive reverse auction process. Non-recourse project financing was concluded with L&T Infrastructure Finance Company Limited in March 2017. Following the securement of 111 acres of land in August 2017, the local electric power transformation substation had to be upgraded to manage the soon-to-be generated energy, a transmission line for approximately 8 km was built and construction of the solar plant then started in November 2017. According to José María Llopis, CEO of IBC Solar Energy GmbH, it is the first project in India that was fully developed, financed, constructed and commissioned by IBC alone.
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