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Suzlon partners Canadian Solar for two 15 MW solar projects in Telangana

20 Oct 2016 Evaluate

Suzlon Group, one of the leading renewable energy solutions providers in the world, has entered into a joint venture 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, Telangana. Canadian Solar shall acquire 49% stake in Avighna Solarfarms and Amun Solarfarms, 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 and for Kamareddy project will be Telangana Northern Power Distribution Company. 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.


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