SunEdison inks pact with Rajasthan govt

October 29, 2014 01:13 am | Updated May 23, 2016 03:49 pm IST - CHENNAI:

SunEdison of the U.S. , on Tuesday, signed an agreement with the Rajasthan Government for setting up 5,000 MW of solar power capacity by way of multiple mega solar projects.

The Rajasthan Government will facilitate identification of land suitable for the development of solar PV projects as well as allot it on a long-term lease in accordance with the applicable policies of the state government. Additionally, the Government will create and provide the necessary electricity interconnection infrastructure. In order to complete these requirements, the government has tasked the Rajasthan Renewable Energy Corporation with expediting and facilitating the allotment of land and all other requisite permits and approvals for establishment of the solar PV projects. Each project will have a capacity of 500 MW or more, said a statement.

The Rajasthan Government recently announced a new Solar Policy, which aspires to create 25 GW of solar capacity in the radiation-rich state in the next few years.

SunEdison already has a strong presence in Rajasthan, with large solar generation capacity solar water pump installations.

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