CLP India, Suzlon Joint Venture for Two Solar Projects

CLP India and Suzlon announced a joint venture for two solar projects of 50 MW and 20 MW in Dhule, Maharashtra.

CLP India and Suzlon announced a joint venture for two solar projects of 50 MW and 20 MW in Dhule, Maharashtra. As per the agreement signed between CLP India and Suzlon Group on September 10, 2018, CLP India has agreed to acquire 49 per cent stake in Gale Solar Farms Limited and Tornado Solar Farms Limited, two special purpose vehicles (SPV) set-up by Suzlon. CLP India has the option to acquire the balance 51 per cent stake in the future. Suzlon is responsible to provide comprehensive operation and maintenance services for these projects that are already commissioned.

Rajiv Mishra, Managing Director, CLP India, said, “In the last 16 years, we have built one of the most diversified fuel mix portfolios in the country and we are committed to expanding our renewable energy portfolio on the back of supportive government policies. With wind energy, we have been able to grow our footprint to almost 1,000 MWs and we are confident of steadily building on our solar energy footprint.” Mahesh Makhija, Director, Business Development and Commercial (Renewables), CLP India said, “Renewable energy has been a key pillar for us in our growth journey. We believe the renewables sector has transformed over the years and introduced several international best practices.”