Equis commissions 130MW of solar projects in south India

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
EPC services were carried out in partnership with Indian firm Sterling and Wilson. Flickr: Ankur P

Singapore-based renewable energy developer Equis Energy has completed two solar PV projects with a combined capacity of 130MW in Sadasivpet and Minpur, in the southern Indian state of Telangana.

The Sadasivpet asset was commissioned a month ahead of schedule on 3 May, while the Minpur plant was commissioned in February, four months ahead of schedule. Together the projects generate 211,116MWh of energy per annum.

EPC services were carried out in partnership with Indian firm Sterling and Wilson.

Equis has another 130MW of solar assets under construction, with a targeted commissioning in the next 12 months.

The firm now has 544MW of operational renewable energy projects in India, the majority of which is wind. The firm has financed 674MW of renewable energy in India and has an additional 300MW pipeline under development.

David Russell, Equis board chairman, said: “India has set ambitious renewable energy targets that ensure green energy will play a vital role in India’s economic transformation over the next 15 years. Equis has nearly a gigawatt of renewable energy in operation and under development in India and we are excited about the prospects for continued growth, delivering low-cost, clean energy to Indian consumers and businesses, as well as offering jobs to the community.”

In April, Equis appointed Credit Suisse and J.P. Morgan as financial advisors and global coordinators to conduct a strategic review with respect to its renewable energy portfolio, which is the largest in Asia‐Pacific based on generation capacity.

Read Next

October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
October 11, 2021
A subsidiary of Indian conglomerate Reliance Industries has acquired solar module manufacturer REC Group and a 40% stake in EPC and O&M solutions provider Sterling and Wilson.
October 6, 2021
Indian solar manufacturer Emmvee has signed a memorandum of understanding with the government of Karnataka to set up a 3GW cell and module production plant in the state.
September 28, 2021
Indian solar manufacturer Premier Energies has secured an INR 2 billion (US$27 million) investment from private equity firm GEF Capital Partners to support its planned increases in cell and module production.
September 27, 2021
A new support scheme from India’s government to boost the domestic manufacture of PV modules has seen 18 bidders submit 54.8GW of applications, according to consultancy JMK Research & Analytics.
September 20, 2021
A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021