EDF makes 300MW power play in India
EDF Renewables and local partner Sitac Group have secured a 25-year power purchase agreements to sell electricity from an unnamed 300MW wind farm to Solar Energy Corporation of India.
Development, construction, financing and asset management of the project is being undertaken by Sitac Management & Development, a joint venture of EDF Renewables and Sitac Group in India.
Construction of the facility will start in 2019, EDF said.
Solar Energy Corporation of India is a company of India’s Ministry of New and Renewable energy dedicated to renewable energy development.
EDF Renewables chief executive Bruno Bensasson said: “This new 300MW 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 50GW net between 2015 and 2030.
“With about 800MW 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.”
Sitac Group founder and chairman Malvinder Singh said: “With this award we significantly increase our foot print in the Indian renewable energy market to 600MW 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.”
4 February 2019