Connect with us

Hi, what are you looking for?

CleanTechnica

Clean Power

Inox Wind Commissions 170 MW Wind Project In India

One of India’s two listed wind energy companies has announced completion of a major project.

Inox Wind recently announced that it commissioned the 170 MW wind energy project for Continuum Wind Energy. Located in the state of Madhya Pradesh, Inox Wind supplied equipment and was also responsible for construction.

Inox Wind supplied 85 units of its 2 MW turbines which have 100 meter rotor diameter and 92 meter hub height. The company is also contracted to provide long-term support for operations and maintenance of the project.

Continuum Wind Energy has already signed an agreement with Inox Wind for development of an additional 24 MW capacity, and the two companies may expand their partnership further.

A few months back, Continuum Wind Energy was at the centre of what was termed as potentially the largest-ever acquisition in India’s renewable energy sector. In mid-2015, SunEdison was reportedly planning to acquire the company for an estimated $600 million. The US-based renewable energy projects developer had planned to buy out a stake held by Morgan Stanley Infrastructure Partners, the majority stakeholder in Continuum Wind Energy. The company, at that time, had an operational capacity of 145 MW and under-construction capacity of 270 MW.

By late-2015, however, media outlets started reporting that SunEdison may not go ahead with the deal due to increased strain on its balance sheet. SunEdison ended up selling a number of assets globally, including a transfer of 425 MW solar power capacity to its yieldco TerraForm Global. 

Despite the unsuccessful acquisition by SunEdison, the Indian wind energy sector remains attractive. With an installed capacity of 25 GW, wind energy remains the largest renewable energy technology in India. The Indian Government plans to more than double the installed wind energy capacity to 60 GW by March 2022.

 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
 

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

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

You May Also Like

Clean Power

Originally published on Future Trends. Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news...

Clean Power

Indian wind energy generator Continuum Wind Energy is planning to issue its first green bond with backing from the International Finance Corporation. According to...

Clean Power

In order to put the growth back on track in the renewable energy sector, the Indian government has turned to public sector companies. Image:...

Cars

Welcome to another issue of our new India x Cleantech series! On a monthly basis, we are pulling news from across clean technology sectors...

Copyright © 2021 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.