Suzlon says it won the solar projects through a competitive bidding process. The facilities, to be commissioned next year, include one 100 MW project, one 50 MW project and four 15 MW projects. Last April, the TSSPDCL invited bids for procuring 2,000 MW of solar PV projects through a tariff-based bidding process with a unique, distributed generation model to use the substation capacities across the state.
“Solar and wind are complementary; hence, we will leverage our project-execution capabilities and end-to-end solutions to deliver solar projects,” says Tulsi Tanti, chairman of Suzlon Group.
“We aim to contribute to the nation’s sustainable growth by offering clean energy solutions with innovative technologies and unique business model. We are also working on integrated renewable energy solutions by combining wind and solar projects at a single location,” Tanti explains.
Suzlon notes that these companies do not currently have any operations or assets and are being acquired primarily to be used as SPVs for the proposed solar projects. The acquisitions have been made at face value.
Suzlon will sign six power purchase agreements this month with the state utilities for a 25-year period. The company will oversee the projects from concept to commissioning.