EDF-SITAC to develop wind projects

(By chinca)

Updated: 2016-02-15 10:00:31

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French renewable energy group EDF Énergies Nouvelles and India's SITAC Group formed a joint venture (JV), called SITAC Management and Development, to develop wind power projects in India. The 50:50 JV plans to create 1GW of wind projects across the country at a cost of INR75bn (USD1.1bn) over the next three to five years. The first projects to be developed by the JV involve four wind farms with total installed capacity of 142MW in Gujarat state. The four projects, which have a 25-year power purchase agreement in place with Gujarat Urja Vikas Nigam, are expected to be completed by end-2016.