EDF Renewables, SITAC Group signs PPA covering 300 MW of wind project in India

EDF Renewables in India and its partner for wind energy in India, the SITAC Group today announce the signing of a long-term power purchase agreement covering the output of 300 MW of wind project recently awarded by the Indian government.

This power purchase agreement (PPA) was the outcome of a competitive tender process launched by the Indian government under the 5th tender process of the Solar Energy Corporation of India (SECI). The award was granted in September 2018.

The energy produced by the planned wind farms will be sold under a 25-year PPA, to SECI  a company of India’s Ministry of New and Renewable energy, dedicated to renewable energy development.

The output from this wind project will provide clean energy for the annual electricity requirements of more than 1.3 million Indian people.

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, dedicated to wind energy.

Construction of the wind farm will start 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,” commented Bruno Bensasson, EDF Executive Director for the Renewable Energy Division and Chairman and CEO of EDF Renewables.

With this award we significantly increase our foot print 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.

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