Sunedison To Develop 5 Gw Solar Wind Energy Capacity In India

Clean Power

PUBLISHED ON January 18th, 2015

"by Smiti Mittal"

1

January 18th, 2015 by SMITI MITTAL

SunEdison is leading all renewable energy companies, Indian or foreign, in an effort to tap the Indian renewable energy market that is set for an unprecedented revolution.

The company has signed yet another landmark deal with a state in India to set up large-scale renewable energy projects. SunEdison will set up 5 GW of solar and wind energy capacity in the southern state of Karnataka, the company recently announced. This is the second such deal the company has signed but the first to include wind energy as well.

This is also probably SunEdison's first major foray into the wind energy sector following last year's announcement to acquire First Wind. The company plans to install at last 1 to 1.5 GW of wind and solar power capacity by the end of 2016 in Karnataka, and hopes to reach an installed capacity of 5 GW over the next five years.

The sheer enormity of the size of the deal can be gauged by the fact that the Karnataka government itself had set a target to add 2 GW of solar power capacity by 2022. This target, however, predates the decision by the central government to set up 100 GW solar power capacity by 2022.

SunEdison already has a footprint in Karnataka. It had successfully bid to set up 150 MW of solar power capacity in the recently concluded auctions.

SunEdison had recently signed a similar deal with Rajasthan, in north-west India, to install 5 GW solar power capacity over the next five years. The capacity is expected to be spread across projects of 500 MW each. It is significant to note that the deal represents a fifth of the total solar power capacity addition announced by the state of Rajasthan over the next five years.

One would assume that SunEdison would take full advantage of the rapidly changing regulatory and financial environment in India which would be highly beneficial to the local renewable energy sector. The company will set up India's largest solar photovoltaics (PV) modules manufacturing plant in Gujarat. The 4 billion plant will be set up in partnership with Adani Enterprises, an Indian conglomerate.

Image Credit: SunEdison

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TAGS: India, india solar energy, india wind energy, Karnataka Solar Energy, Rajasthan Solar Energy, SunEdison, SunEdison India

About The Author

Smiti Mittal works as a senior solar engineer at Mott MacDonald, a reputed engineering and management consultancy. She has conducted due diligence of several solar PV projects in India and Southeast Asia. She has keen interest in renewable energy, green buildings, environmental sustainability, and biofuels. She currently resides in New Delhi, India.

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India sees the huge advantage of Solar and Wind to make a lot of money and energy security. also wartime and terrorist save.

How come USA politicians do not.

Article source: http://cleantechnica.com/2015/01/18/sunedison-develop-5-gw-solar-wind-energy-capacity-india/

The post SunEdison To Develop 5 GW Solar, Wind Energy Capacity In India appeared first on Renewable Electron.

Sunedison And Adani Jv To Build Solar Pv Manufacturing Facility In India

Solar PV PanelIN BRIEF The world's leading solar technology provider SunEdison, and Adani Enterprises, India's largest private power company, on 11 January announced that they have signed a memorandum of understanding (MoU) to establish a JV to build the largest integrated solar photovoltaic (PV) manufacturing facility in India with an investment of up to US4 billion. The PV manufacturing facility, to be set up at Mundra in Gujarat state, will produce ultra-low cost solar panels to drive solar energy growth in India, helping it achieve its targets for renewable energy. The plant will also create 4,500 direct jobs and over 15,000 indirect jobs in the process for the local economy, said Ahmad Chatila, president and CEO of SunEdison. The facility will be built over a three year period and will vertically integrate all aspects of solar panel production on site, including polysilicon refining, production of ingots, wafers, cells, panels and modules, with a broader ecosystem involving an extended supply chain for raw materials and consumables. During the first half of 2015, SunEdison and Adani will conduct a comprehensive analysis of the JV opportunity and business plan, which will than be followed by construction of the facility. India has embarked on an ambitious programme to become a world leader in renewable power generation, and sees solar as a key part in reaching that goal. Prime Minister Narendra Modi's government has substantially revised its earlier solar energy target of achieving 20,000 MWe capacity by 2022 to 100,000 MWe, in addition to installing 60,000 MWe of wind power capacity. The plan calls for an overall investment of around US150 billion in the renewables sector. It also requires the creation of large-scale, advanced solar equipment manufacturing capacities within India. The post SunEdison and Adani JV to build solar PV manufacturing facility in India appeared first on Intersect Insight.

Origin: altenergyprograms.blogspot.com