Connect with us

Hi, what are you looking for?


Clean Power

Renewable Energy Project Developers Flock To Indian State Of Telangana

Project developers are flocking to Telangana to take advantage of the power-deficient scenario prevalent in these states.

Greenko Wind Energy Project

Following the separation of erstwhile Andhra Pradesh, the power generation assets were distributed between the present-day Andhra Pradesh and the newly created state of Telangana. This somehow worsened the power supply situation in the two states. Both are now competing to secure any power supply source available in the market.

The renewable energy project developers are looking to take advantage of this situation. Greenko has directly approached the Telangana government with an intent to develop 800 MW of renewable energy capacity in the state.

The company took the proactive measure even as the Telangana government is planning to purchase high-cost electricity from the open market. The state government has issued tenders to implement solar power capacity and has also signed agreements with the central government and public sector companies to set up large-scale solar power projects.

As the auction for renewable energy projects (especially solar power) gets ever more competitive, some project developers are approaching the state governments directly to set up projects and potentially secure power purchase agreements at the base tariffs determined by state-level regulatory bodies.

SunEdison recently successfully undertook this approach in Rajasthan. The company signed a memorandum of understanding with the Rajasthan government to install 5 GW solar power capacity over the next five years.

Greenko is planning to aggressively expand its renewable energy base in India. On 30 September 2014, the company had an operational capacity of 715 MW. It plans to increase the operational capacity to 1 GW by the end of this year. The company has a cumulative capacity of 2.5 GW of power generation capacity in its pipeline.

Image Credit: Greenko Group

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

Mridul currently works as Head-News & Data at Climate Connect Limited, a market research and analytics firm in the renewable energy and carbon markets domain. He earned his Master’s in Technology degree from The Energy & Resources Institute in Renewable Energy Engineering and Management. He also has a bachelor’s degree in Environmental Engineering. Mridul has a keen interest in renewable energy sector in India and emerging carbon markets like China and Australia.


You May Also Like

Green Economy

Some of the leading global pension funds are vying for a stake in the latest renewable energy yieldco offering in India. According to media...

Green Economy

Global investment firm KKR has participated in the second fundraising exercise in sixth months for India-based Serentica Renewables. According to media reports, KKR has...

Green Economy

The Indian renewable energy company Avaada has secured a massive $1.07 billion from multiple investors, including Brookfield.  According to media reports, Brookfield Renewable, part...

Clean Power

GAIL India, a government-owned natural gas distribution company, has announced plans to enter the solar module manufacturing sector. GAIL, formerly Gas Authority of India...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.