Desert-based Solar Generation
IN BRIEFUS-based renewable energy company SunEdison and the Karnataka government have signed a memorandum of understanding (MoU) to install 5000 MWe of renewable energy projects in the southern state of India over the next five years, the company said 14 January. The electricity produced by these projects will be cost competitive with coal-produced electricity and will be sold under power purchase agreements (PPA), the company said.
The facility, comprising a mix of solar photovoltaic (PV) and wind power plants across Karnataka, will be developed using world class technology, said the statement. SunEdison will help the Karnataka government to jointly explore and identify suitable location options for the project and facilitate construction of the infrastructure required to connect the power to the grid.
Under the agreement, SunEdison is required to provide details of an immediate plan to implement projects between 1000 MWe and 1500 MWe capacities before 31 December 2016, the agreement says. SunEdison will also provide development and financing expertise to build the renewables facilities, the statement added.
In recent weeks, SunEdison has signed two more agreements with Indian companies. These include collaboration with Adani Enterprises for developing a US4 billion facility in Mundra, Gujarat, for manufacturing solar PV panels. The other deal is with Omnigrid Micropower Company (OMC) for setting up 250 MWe of solar power generation capacity through 5000 rural projects in India, at a cost of US800 million. India plans to set up 100,000 MWe of solar power capacity by 2022.
The post SunEdison and Karnataka sign renewable energy MoU appeared first on Intersect Insight.
Source: green-energy-digest.blogspot.com
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