Sun Drops Energia Wins 100 MW Solar Project from Avichal Power
In a significant boost to India’s solar ambitions, Sun Drops Energia, a fast-rising clean energy firm, has secured a 100 MW solar power project from Avichal Power Ltd, marking one of the largest private renewable deals in FY25.
The project is expected to be commissioned by Q2 FY27 and will supply clean energy to industrial clients across Maharashtra and Gujarat under long-term Power Purchase Agreements (PPAs).
🔋 Project Highlights:
📍 Location: Rajasthan Solar Park, Phase IV
⚡ Capacity: 100 MW (AC)
📆 Commissioning Timeline: 24 months
🤝 Client: Avichal Power Ltd (Private Off-take)
💼 Execution EPC Partner: L&T Renewables
🌞 Module Tech: Bifacial + Solar Tracking
“This project puts Sun Drops Energia on the map as a serious player in India’s utility-scale solar race,” said an industry executive close to the deal.
💸 Financial & Strategic Implications
The project, valued at ₹470 crore, is expected to yield 5.7 crore units of clean electricity annually, enough to offset over 80,000 tonnes of CO₂ emissions per year.
🧠 Vizzve Financials Insight – Renewable Power Tracker FY25
According to Vizzve Financials' Renewable Infra Report, this deal signals a strategic shift toward private-led utility projects, reducing dependency on government reverse auctions.
📁 Filing: “Private Power Offtake Boom – FY25 Q1 Solar Project Tracker”
🌱 Sun Drops Energia market share rose to 1.8% (from 0.6%) YoY
🔍 Vizzve ESG Rating: A- for sustainability practices and governance
📈 CAPEX absorption capacity rated: Moderate to Strong
🏗️ Construction risk: Low (L&T EPC reduces volatility)
“This deal is a turning point for mid-tier developers like Sun Drops, proving bankability and scalability,” says Mihir Patodia, VP – Infra Analytics, Vizzve.
❓ FAQ: Sun Drops Energia – Avichal Power Solar Project
Q1: What makes this deal significant?
It’s one of the largest privately-backed solar projects in FY25, reflecting confidence in open-access solar energy models.
Q2: Who will use the power generated?
Industrial clients of Avichal Power across Maharashtra and Gujarat via private power purchase agreements (PPAs).
Q3: Is this project government-subsidized?
No. It’s a fully commercial deal with no SECI or state discom involvement.
Q4: What’s the expected environmental impact?
The plant will offset over 80,000 tonnes of CO₂ annually, enough to power over 85,000 homes.
Q5: What is Vizzve’s rating on this project?
A- ESG rating with “Low Construction Risk” due to EPC strength and capital assurance. Project finance likely secured via green bonds.
Follow us on social media: Facebook || Linkedin || Instagram
Published on July 4, 2025 • By Benny
🛡 Powered by Vizzve Financial
RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed