Suzlon and Ostro Energy join hands to set up 50 MW solar project
Pune based Suzlon group today announced a joint venture with Ostro Energy for the construction of a 50 MW solar project at Wanaparthy, Telangana
New Delhi: Pune based Suzlon group today announced a joint venture with Ostro Energy for the construction of a 50 MW solar project at Wanaparthy, Telangana.
Ostro energy shall acquire 49 per cent stake in Prathamesh Solarfarms Limited, a special purpose vehicle (SPV) set-up by Suzlon for executing this project. The project once completed will supply power to Telangana Southern Power Distribution Limited (TSPDL), according to a Suzlon press release.
"Today, renewable energy sector is witnessing a positive momentum. The sector is committed to provide sustainable and affordable energy for all," said J.P.Chalasani, CEO, Suzlon Group.
Suzlon will be responsible for the commissioning, comprehensive operation and maintenance services for a period of 25 years, the company statemnet added.
Suzlon has so far won solar projects of 210 MW in Telangana through competitive bidding and Power Purchase Agreements. These projects include one project of 100 MW, one of 50 MW and four projects of 15 MW each.
Ostro energy shall acquire 49 per cent stake in Prathamesh Solarfarms Limited, a special purpose vehicle (SPV) set-up by Suzlon for executing this project. The project once completed will supply power to Telangana Southern Power Distribution Limited (TSPDL), according to a Suzlon press release.
"Today, renewable energy sector is witnessing a positive momentum. The sector is committed to provide sustainable and affordable energy for all," said J.P.Chalasani, CEO, Suzlon Group.
Suzlon will be responsible for the commissioning, comprehensive operation and maintenance services for a period of 25 years, the company statemnet added.
Suzlon has so far won solar projects of 210 MW in Telangana through competitive bidding and Power Purchase Agreements. These projects include one project of 100 MW, one of 50 MW and four projects of 15 MW each.
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