In the first funding by Siemens Financial Services (SFS), the financing arm of Siemens, in a wind farm in Asia, a definitive agreement has been signed for fairness investment within the task that includes set up of one hundred units of Siemens Gamesa Renewable Energy’s SG 2.0 – 114 wind generators in Tamil Nadu. The task bureaucracy part of Solar Energy Corporation of India Limited (SECI) Wind Power Tranche II.
Greenko Group, India’s leading renewable energy player, has signed an agreement with Siemens Financial Services (SFS), the financing arm of Siemens AG, for equity funding in its Poovani Wind Power undertaking. The project is being advanced inside the state of Tamil Nadu. It is backed by way of Solar Energy Corporation of India Limited (SECI), Central Public Sector Undertaking below the Ministry of New and Renewable Energy, Government of India.
Anil Kumar Chalamalasetty, Chief Executive Officer and MD of Greenko Group said, “Attracting and fairness funding from Siemens Financial Services demonstrates the evolution of the Indian energy market with the inter-country transmission of renewable energy, the self-belief of international economic establishments on assignment and technical abilities, and the essential regulatory frameworks to guide boom similarly. We are thrilled to accomplice with SFS for our Poovani Wind Project and welcome them to India.”
Steffen Grosse, Chief Financial Officer of Energy Finance, Siemens Financial Services, introduced, “We are excited to announce this new transaction with Greenko Group, one of the main renewable IPPs in India. Completing our first fairness investment in renewables within the region similarly underscores our business enterprise’s dedication to bringing the finest electricity solutions to India backed using innovative Siemens Gamesa Technology.””
As in step with the settlement, SFS has agreed to take a 46 percent equity stake in the two hundred MW wind electricity project. Siemens Gamesa Renewable Energy is concerned with installing the entire infrastructure for the wind farm, delivering, erection, and commissioning 100 units of SG2. Zero – 114 wind generators with a hub top of 106 m, specially designed for low wind web sites in India.
Clean and affordable strength generated from this mission will offset about 651,000 tonnes of CO2e from surroundings and electrify approximately 155,000 households yearly. The undertaking can be related to India’s critical transmission gadget, with a purpose to permit inter-state waft of energy from a renewable aid rich country and enable different states to follow their renewable buy obligations and long-time comfortable period renewable strength supply at a set fee.