New Delhi, Jun 11 (PTI) Axis Energy Ventures India on Saturday said it has commissioned a 445 MW solar plant in partnership with Brookfield Renewables in Rajasthan.

In a statement, Axis Energy Ventures India Private Limited said the project is part of the joint venture platform 'ABC Renewables' -- signed with Brookfield Renewables -- to set up a 5 gigawatt (GW) large utility renewable energy portfolio in India.

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"Under ABC Renewables platform, Axis Energy and Brookfield Renewable (have) commissioned 445 MW solar project in a record time of 6 months in Jodhpur, Rajasthan," the statement said.

The company did not give any financial details of the project.

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According to industry estimates, to set up every 1 MW of solar capacity, an investment of over 4.5 crore is required.

The project is expected to avoid 6 lakh tonnes of CO2 emissions per year or the equivalent of planting 24 million trees while generating 800 GWh (gigawatt hour) of clean energy annually, the company said.

K Ravi Kumar Reddy, Chairman and Managing Director, Axis Energy said, "The platform has showcased immense success and takes pride in commissioning the project that brings environmentally-friendly objectives which the country awaits. We further hope and contemplate to take up projects that will be best of contributions to the environment".

Hyderabad-based Axis Energy is a decade-old developer of wind and solar projects.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)