Suzlon Group signs EoI for 2,500 MW of wind power with the Government of Karnataka

Speaking on the occasion, Mr. Tulsi Tanti, Chairman – Suzlon Group, said: “We are extremely pleased to sign this EoI with the Government of Karnataka. This not only reinforces Karnataka’s position as one of India’s leading markets in wind energy, but also illustrates their commitment towards creating a low-carbon economy in the state.

“Karnataka is synonymous with India’s IT revolution; and with this important commitment to renewable energy Karnataka is taking the lead, once again, in charting the next leap of renewable growth. We are proud to partner with Karnataka on this ambitious journey.”

The EoI covers the development of new capacity in wind farms across the state, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Chikmangalore, Raichur, Mysore, Belgaum and Bagalkot. The EoI was signed under the auspices of the Global Investors Meet 2012, in Bangalore on 7^th and 8^th June. The investment is worth Rs. 15,000 crore. Suzlon is the market leader with over 770 MW in installed capacity in the state.

Under the EoI, the Karnataka Government will obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the state. Suzlon, in turn, will play the role of a developer and facilitate the flow of investments into the state through its customers investing in wind energy.

Karnataka has large untapped wind energy potential, with estimates ranging around 13,000 MW according to Centre for Wind Energy Technology (CWET). Suzlon currently has over 700 MW of installed capacity in the state.