Su­zlon’s so­lar power project JVs in Te­lan­gana

Power Watch India - - DESPATCHES FINANCE -

Su­zlon Group an­nounced a joint ven­ture (JV) with Cana­dian So­lar, one of the world’s largest so­lar en­ergy com­pa­nies, for two so­lar projects of 15 MW each at the sites of Ra­man­napet and Ka­mareddy in Te­lan­gana. Cana­dian So­lar will ac­quire 49% stake in Avighna So­lar­farms Ltd and Amun So­lar­farms Ltd, the spe­cial pur­pose ve­hi­cles (SPVs) setup by Su­zlon for ex­e­cut­ing these projects. In another com­pany re­lated de­vel­op­ment, Su­zlon an­nounced a JV with the Unisun En­ergy Group for the de­vel­op­ment and con­struc­tion of a 15 MW so­lar PV project at Bhainsa, Adi­l­abad dis­trict, Te­lan­gana. Peng Hao, CEO, Unisun En­ergy Group, said, “We be­lieve that In­dia has a favourable so­lar pol­icy, which cre­ates a con­ducive en­vi­ron­ment for us.”

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