SkyPower has four Power Purchase Agreements (PPA) with the Indian state of Telangana to build and operate a total of 200 MW AC of solar energy projects.
The agreements with Telangana mark the continuation of SkyPower's growth strategy in India, one of the fastest growing solar markets in the world. Over the past several months, SkyPower has secured 400 MW AC of solar PV projects in the states of Madhya Pradesh and Telangana and a strong foundation for SkyPower to grow its presence across India.
Kerry Adler, SkyPower's President and Chief Executive Officer, stated:
"India is a world leader in deploying solar, not only with its significant targets but through its very actions. SkyPower is committed to making a powerful contribution toIndia's goal of generating 100 GW of solar power by 2022, while the people of Telangana will benefit from clean, reliable and affordable energy as a result of the vision and leadership of this great state."
Aviv Garten, SkyPower's Senior Vice President of Development, commented:
"SkyPower is excited to add these projects for Telangana to our growing list of utility-scale solar projects in India and around the globe. Construction for our solar energy projects in the Indian state of Madhya Pradesh is planned to commence in 2016."