US-based global renewable energy company SunEdison Inc, SunEdison on 9 September 2015 signed Memorandum of Understanding (MoU) with Tamil Nadu government to develop 2 gigawatts (GW) of wind and solar power projects in the state in the next five years.
The company will invest 12000 crore-14000 crore rupees in the next five years for setting up the projects. Of the 2GW planned projects, 1.2 GW will be solar and the rest will be wind energy. The company will set up the solar projects in small capacities of 10 MW to 50 MW as it requires smaller parcels of land than big projects.
The 2 gigawatts project is a part of SunEdison's larger plan to develop 15.2 gigawatts of renewable energy in the country by 2022. With this MoU, SunEdison will support Tamil Nadu's clean energy future and will make progress towards larger commitment.
The projects will be coming up at Virudunagar, Tuticorin, Tiruchy and Perambalumr in Tamil Nadu.
• SunEdison is a global renewable energy development company that is transforming the way energy is generated, distributed, and owned around the world.
• The company develops, finances, installs, owns and operates renewable power plants, delivering predictably priced electricity to its residential, commercial, government and utility customers.
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What: Signed MoU
When: 9 September 2015