Connect with us

Hi, what are you looking for?

CleanTechnica
One of the leading independent power producers in India’s renewable energy sector has announced a huge investment plan in the state of Andhra Pradesh.

Clean Power

Mytrah Energy Announces $1.9 Billion Solar & Wind Energy Investment In India

One of the leading independent power producers in India’s renewable energy sector has announced a huge investment plan in the state of Andhra Pradesh.

Originally published on CleanTechies.

One of the leading independent power producers in India’s renewable energy sector has announced a huge investment plan in the state of Andhra Pradesh.

Mytrah Energy announced that it will invest Rs 13,000 crore ($1.9 billion) to set up wind and solar power projects in the south Indian state of Andhra Pradesh. The company signed a memorandum of understanding with the state government in this regard at the Partnership Summit held recently.

The investment will be split between wind and solar power technologies, with 1,000 megawatts planned installation for each. The company expects the generation of 4,000 new jobs from this venture.

The projects will be spread across eight districts in the state, including five districts that will host wind energy projects for the first time. The company hopes to have the projects operational within three years of getting all government approvals.

In October last year, Mytrah Energy joined an elite group of project developers that own and operate 1,000 megawatts of renewable energy capacity in India. The company had earlier set the target to achieve this milestone by mid-2017.

Mytrah Energy Limited has a portfolio of wind power generation assets across 15 projects and 8 states. The Company has more than 200 wind masts installed across multiple states in India, providing a pool of information from which to select its future projects. Mytrah Energy currently has an active development pipeline of about 3,000 megawatts of wind and 500 megawatts of solar.

Reprinted with permission.


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

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

One of India’s largest renewable energy generation companies, Adani Green Energy, has reported stellar financial performance during the first quarter of this year. According...

Clean Power

One of India’s largest renewable power companies, Tata Power Renewable Energy, has secured the rights to develop a large solar power project. According to...

Agriculture

The Indian state of Maharashtra has issued a tender for the installation of 1.3 gigawatts of solar power projects. According to media reports, the...

Clean Power

People asserting that SMRs are the primary or only answer to energy generation either don't know what they are talking about, are actively dissembling...

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.