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SunEdison to build 15 GW renewable energy capacity addition in India

SunEdisin plant in India

New energy capacity addition for SunEdison in India

SunEdison has announced that it will set up 15.2 GW of solar and wind energy capacity in India over the next 5 years. The company is expected to develop solar as well as wind energy projects.

This would be SunEdison’s contribution to India’s ambitious target to add 100 GW renewable capacity by 2022. India’s installed renewable energy capacity currently stands at just above 32 GW.

According to Clean Technica, SunEdison had recently signed agreements with the state governments of Rajasthan and Karnataka to set up large-scale renewable energy projects. In Rajasthan, the company will add 5 GW solar power capacity while in Karnataka the company will add an equal capacity but through solar and wind power technologies.

SunEdison has been taking part in solar power project auctions conducted in the past by several state governments and the central government.

In addition to utility-scale power projects the company will also set up significant distributed renewable energy capacity. The company recently announced an agreement with a local firm to set up 250 MW distributed solar photovoltaic power projects in around 5,000 villages.

SunEdison also commissioned India’s first canal-top solar PV project in Gujarat.

Last month SunEdison signed an agreement with Adani Enterprises to set up India’s largest solar PV modules manufacturing unit in Gujarat. The project is expected to require a total investment of $4 billion.

SunEdison made this ambitious commitment at RE-INVEST, an investor summit organised by the Indian government. First Solar committed to set up 5 GW solar power capacity at the same summit. This brings to total commitment to over 20 GW over the next 5 years from these 2 American companies.

In comparison, when the Indian government launched the National Solar Mission in 2010 it had set a target to add 22 GW of solar power capacity by 2022.

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Posted by on Feb 23 2015. Filed under _featured slider, BUSINESS, Market News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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