Renewable-Energy-Industry.com

Business World of Renewable Energy

Nordex Turkey 14042016 1280 256

Suzlon and Canadian Solar Partner for 30 MW Solar Projects in Telangana

Pune, India - The Suzlon Group announced a joint venture with Canadian Solar, one of the world

Canadian Solarshall acquire 49% stake in Avighna Solarfarms Limited and Amun Solarfarms Limited, the special purpose vehicles (SPVs) setup by Suzlon for executing these projects.

Canadian Solar shall provide its top tier solar PV modules , arrange project financing and contribute its technology expertise to ensure the commissioning of these projects in the financial year 2017 (FY17). The offtaker of Ramannapet project will be Telangana Southern Power Distribution Company Limited and for Kamareddy project will be Telangana Northern Power Distribution Company Limited. Suzlon will be responsible for project commissioning and to provide comprehensive operation and maintenance services for a period of 25 years.

Suzlon won solar projects of 210 MW in Telangana through a competitive bidding process and the PPAs for the same were signed in February, 2016. These include one project of 100 MW, one of 50 MW and four projects of 15 MW each.



Source: IWR Online, 20 Oct 2016

 


Companies