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SunEdison to set up 5000 MW solar projects in Rajasthan

The Times of India:  October 29, 2014

Chennai: Solar power company SunEdison will set up several solar power projects of 500 megawatt (MW) capacity each, totaling 5,000MW, in Rajasthan and signed a memorandum of understanding (MoU) with the Rajasthan government for this on Tuesday.

SunEdison intends to create solar facilities to generate and supply solar energy to various organizations inside and outside Rajasthan. Those who will receive renewable energy from the solar projects include nodal entities of the Central Government of India -- Solar Energy Corporation of India, NTPC VidyutVyaparan Nigam Limited and Power Trading Corporation, a statement from the company has said. Either SunEdison or its affiliates will own the projects.

The Rajasthan government will facilitate the identification of government land suitable for the development of solar photovoltaic projects as well as allot land on a long-term lease in accordance with the applicable policies of the state government. Additionally, the state government would create and provide the necessary electricity interconnection infrastructure, the statement said.

In addition to setting up the solar projects, SunEdison will assist in the development of strategies and policies to facilitate the large scale replacement of existing electric and diesel water pumps with solar-powered water pumps via innovative financing and business models.

SunEdison currently has about 50MW of solar generation capacity and more than 1000 solar water pump installations in Rajasthan.

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