Suzlon Group has signed an Expression of Interest (EoI) with the Government of Karnataka to develop 2500 MW of new wind power capacity in the state between 2012 and 2017.
The EoI covers the development of new capacity in wind farms across the state, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Chikmangalore, Raichur, Mysore, Belgaum and Bagalkot. The EoI was signed under the auspices of the Global Investors Meet 2012, in Bangalore on 7th and 8th June. The investment is worth Rs.15000 crore. Suzlon is the market leader with over 770 MW in installed capacity in the state.
Under the EoI, the Karnataka Government will obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the state. Suzlon, in turn, will play the role of a developer and facilitate the flow of investments into the state through its customers investing in wind energy.
Karnataka has large untapped wind energy potential, with estimates ranging around 13000 MW according to Centre for Wind Energy Technology (CWET). Suzlon currently has over 700 MW of installed capacity in the state.