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Suzlon grabs 210-MW solar project in Telangana

Suzlon Group, a company which is into wind energy has announced its foray in the solar energy market by grabbing a contract of 210-MW project from Southern Distribution Company of Telangana Ltd.
Suzlon bagged the contract through a competitive bidding process and it consists of six different capacity projects to be located in Telangana. This includes one project of 100 MW, one of 50 MW and for projects of 15 MW each. These projects are expected to be commissioned during the next financial year.
India has been concentrating on usage of solar energy and state governments are coming forward with lucrative incentives for the companies who are willing to provide solar power. These solar projects will be developed under six different special purpose vehicles of which one is an existing subsidiary of Suzlon, while five have been acquired by taking over 100 per cent shareholding. These would be used as the proposed solar special purpose vehicles for the project.

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