EDF Renewables and SITAC Group have announced the inking of a long-term power purchase agreement covering the output of 300 MW of wind project lately awarded by the Indian government.
This power purchase agreement (PPA) was the result of a competitive tender process launched by the Indian government under the Phase – V tender process of the Solar Energy Corporation of India (SECI).
The award was granted in September 2018, and the energy generated by the planned wind farms will be sold under a 25-year PPA to SECI. The output from this wind project will present clean energy for the yearly electricity requirements of more than 1.3 million Indian people. The construction of the wind farm will commence in 2019.
“This new 300 MW wind project, successfully secured through our partnership with SITAC, contributes to EDF’s CAP 2030 strategy, which aims to double worldwide renewable capacity to over 50 GW net between 2015 and 2030. With about 800 MW of wind and solar gross capacity in development, construction or operation in India, EDF Renewables is delighted to participate to the Government’s ambitious goals in tackling climate change,” said Bruno Bensasson, Chairman and CEO of EDF Renewables.
The development, construction, financing and asset management of the 300 MW of wind project is being undertaken by SITAC Management & Development Pvt. Ltd., the joint venture company of EDF Renewables in India and the SITAC Group, committed to wind energy.
“With this award, we significantly increase our footprint in the Indian renewable energy market to 600 MW of operational and awarded wind power. We are making a significant contribution to establishing a clean energy supply in India and to creating jobs and value for our employees and local partners,” said Malvinder Singh, Founder and Chairman, SITAC.
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