EDF Renewables and SITAC Group, its partner for wind energy in India, announced the signing of a power purchase agreement (PPA) for the 300 MW wind project.
The wind farm will sell the energy under a 25-year PPA to Solar Energy Corporation of India (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 people in India.
SITAC Management & Development, a joint venture of EDF Renewables in India and SITAC Group, will undertake the development, construction, financing and asset management of the 300 MW wind project. Construction of the wind farm will start in 2019. The statement did not disclose the venue of the wind power project.
EDF Renewables has about 800 MW of wind and solar gross capacity in development, construction or operation in India.
“This new 300 MW wind project, 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,” Bruno Bensasson, chairman and CEO of EDF Renewables, said.
“We significantly increase our foot print in the Indian renewable energy market to 600 MW of operational and awarded wind power,” said Malvinder Singh, the founder and chairman of the SITAC Group.