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Suzlon enters into JV with Unisun Energy Group for 15 MW Solar PV Project

20 Oct 2016 Evaluate

Suzlon Group, one of the leading renewable energy solutions providers in the world, has entered into a joint venture (JV) with the Unisun Energy Group for the development and construction of a 15 MW Solar PV Project located at Bhainsa, Adilabad District in state of Telangana. The Unisun Energy Group shall acquire a 49% stake in Vayudoot Solarfarms, a special purpose vehicle (SPV) set-up by Suzlon for executing this project.

Unisun Energy has the option to acquire the balance of the 51% stake in the SPV in the future in accordance with the relevant rules and regulations. The off-taker of the Vayudoot project will be the Telangana State Northern Power Distribution Company (TSNPDCL). The company has signed a 25 years Power Purchase Agreement (PPA) with a tariff of Rs 5.51/kWh.

Suzlon will be responsible for project commissioning and to provide comprehensive operation and maintenance services for a period of 25 years. The project is expected to be commissioned in the financial year 2017 (FY17).


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