Suzlon and Axis MoU with Andhra Pradesh for 4GW of solar, wind and hybrid projects

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Suzlon, Axis and Andhra Pradesh chief minister sign the MoU. Credit: N. Chandrababu Naidu

India-based renewable energy firms Suzlon Energy and Axis Energy Group have signed a provisional agreement with the Indian state of Andhra Pradesh to develop up to 4GW of solar, wind and hybrid renewable energy projects.

The projects will be set up in the Anantapur and Nellore districts over the next five years.

Andhra Pradesh chief minister N. Chandrababu Naidu said the projects will create 8,000 jobs in the state as well as 25,000 indirect jobs.

A Suzlon spokeswoman confirmed the memorandum of understanding but was unable to provide detail on what proportion of the 4GW will be in solar.

In November, Trina Solar, part of PV Tech’s ‘silicon module super league’, signed a provisional agreement to build a new PV manufacturing plant in Andhra Pradesh. Naidu revealed that the deal would be worth INR2,800 crore (US$422 million) and employ some 3,500 workers.

Also in November, renewable energy firm SunEdison won 500MW of solar capacity in a solar park under the National Solar Mission (NSM) auction in the state, quoting a record low tariff of INR 4.63/kWh (US$0.071).

Read Next

July 20, 2021
It is “unhealthy” for China to dominate solar manufacturing and production bases outside of the country are necessary to reduce the risk of supply chain disruptions, an Indian government official has said.
July 20, 2021
Vikram Solar has completed a new 1.3GW solar module manufacturing facility in Tamil Nadu, India, taking its total manufacturing output to 2.5GW.
July 13, 2021
Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie.
June 28, 2021
Module and cell manufacturers in India will expand their production capabilities by 13.75GW for modules and 6.9GW for solar cells, according to research by JMK Research and Analytics
June 25, 2021
Indian conglomerate Reliance Industries will construct an integrated PV module factory and look to enable more than 100GW of solar by 2030 as part of a US$10.1 billion clean energy plan.
June 24, 2021
The cost of building and operating new utility-scale PV is now cheaper than running existing coal plants in China, India and across much of Europe. However, rising commodity prices could see PV projects become temporarily more expensive in the second half of 2021, according to BloombergNEF analysis.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021