Suzlon, a domestic renewable energy project developer, has successfully commissioned 340 MW of solar photovoltaic (PV) projects across three states of Maharashtra, Telangana, and Rajasthan.
The three projects in Telangana (210 MW), Rajasthan (60 MW), and Maharashtra (70 MW) were executed with the help of a combination of joint ventures and formation of Special Purpose Vehicles (SPVs) with various partners.
The projects, developed on a turnkey basis, were won through competitive bidding in Telangana, National Thermal Power Corporation (NTPC) bid in Rajasthan and Solar Energy Corporation of India (SECI) bid in Maharashtra. Suzlon will provide the operation and maintenance (O&M) services for all three projects for a period of 25 years.
Commenting on the development, the group CEO of Suzlon Group, J.P. Chalasani, said in a media statement, “We have delivered the entire 340 MW solar project on turnkey basis. Our focus on solar will continue to be through wind-solar hybrid projects, which will lead to better utilization of grid, due to complementary generation profile. It will also save on duplication of costs such as land and evacuation infrastructure”.
Previously, Mercom reported that the Suzlon Group generated revenue of ₹38.52 billion (~$587.24 million) in the first half of financial year (FY) 2017-18.
Suzlon has an international presence across 18 countries across Asia, Australia, Europe, Africa, and north and south America. With over two decades of operational track record, the group has a cumulative installation of over 17 GW of wind energy capacity, of which over 11 GW of the installations are in India. Recently, the company has also forayed into the solar space. The Group comprises of Suzlon Energy Limited and its subsidiaries.
Ankita is an editor at MercomIndia.com where she writes and edits clean energy news stories and features. With years of experience in the news business, Ankita has a nose for news and an eye for detail. Prior to Mercom, Ankita was associated with The Times of India as a copy editor for the organization’s digital news desk. She holds a Bachelor’s degree in Psychology from Delhi University and a Postgraduate Diploma in journalism. More articles from Ankita Rajeshwari.