NEW DELHI, India, August 5, 2015 /CNW/ - SkyPower is pleased to announce that it has been awarded 200 MW in the Telangana, India solar competitive tender process. The State of Telangana, under the leadership of Chief Minister Rao, has proven to be one of the most advanced jurisdictions in India to embrace solar energy and is forward thinking in its efforts to rapidly adopt solar as a means to help grow its economy and provide families with access to lower-cost electricity. SkyPower is very proud to be a part of this important initiative.
This 200 MW award from Telangana is in addition to the 150 MW of projects awarded to SkyPower in the State of Madhya Pradesh in July, for a total of 350 MW. Once built, the projects from both states are anticipated to be in excess of 400 MW of solar nameplate capacity.
SkyPower has unique abilities, as a leading and focused solar-power developer and independent power producer, to leverage its global purchasing power, experience and track record to help meet its targets in India, which are aligned with the vision and objectives for solar energy in India as detailed by Prime Minister Shri. Narendra Modi and Minister of State for Power, Coal and New & Renewable Energy Piyush Goyal.
The SkyPower team's vast experience, coupled with its proprietary development platform, enable SkyPower to provide solar power in India at truly market competitive rates whilst ensuring the highest quality construction and world-class execution using highly advanced systems and processes that have been developed by the SkyPower team over the past 12 years.
SkyPower considers India to be one of the key solar markets in the world that holds tremendous growth potential as is evident by the Government's commitment to rapidly increasing the country's electrification rate and helping to support and foster the growth of what clearly is a trillion dollar industry.
"India is leading the world in deploying solar, not only with its significant targets but by it very actions. It is truly an example for others to follow," said Kerry Adler, President and Chief Executive Officer of SkyPower Global.
SkyPower is thrilled to be part of the fabric of India and plans to actively and competitively participate in various other states and processes in the months ahead.
ABOUT SKYPOWER GLOBAL
SkyPower is the largest and one of the most successful developers and owners of utility-scale solar photovoltaic (PV) energy projects in the world. With roots dating back to over a decade, SkyPower's global team possesses a vast track record of over 800 years of combined experience in power and large infrastructure projects.
The experienced and accomplished SkyPower team has built, assembled and acquired an extensive pipeline of over 25 GW worldwide – 7 GW of which was recently announced in bilateral agreements to be built on the continent of Africa over the next five years in Egypt, Nigeria and Kenya.
SkyPower is majority owned by CIM, a transformational urban real estate and infrastructure investment firm founded in 1994 with approximately US $19.8 billion in assets under management. (www.cimgroup.com)
SOURCE SkyPower Global
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