Suzlon Group, one of India’s leading wind turbine manufacturers, today announced its foray into the solar sector .
The company has recieved Letters of Intent (LOIs) from the State utility, Southern Power Distribution Company of Telangana Limited (TSSPDCL) for 210 Mw. Suzlon won the projects through a competitive bidding process.
The 210MW of projects consist of six different capacity projects to be located across the State. This includes one project of 100MW, one of 50MW and four projects of 15MW each.
These projects shall be commissioned in FY 2016-17.
Suzlon will sign six Power Purchase Agreements (PPAs) this month with the state utilities for a 25 year period. Suzlon will leverage its end-to-end clean energy solutions expertise to oversee the solar project from concept to commissioning.
"This 210MW project will reinforce our commitment to execute tangible capacities in solar energy every year while expanding our footprint. Suzlon will develop these projects on a turnkey basis.”said Mr. Rohit Modi, CEO (International Operation and New Business)
"Solar and wind are complementary, hence we will leverage our project execution capabilities and end-to-end solutions to deliver solar projects.We aim to contribute to the nation’s sustainable growth by offering clean energy solutions with innovative technologies and unique business model. We are also working on integrated renewable energy solutions by combining wind and solar projects at a single location."said Mr. Tulsi Tanti, Chairman, Suzlon Group