Joining hands of ENGIE–STOA plans to develop 2 GW of wind energy capacity over the next five years
Power firms ENGIE and STOA announced a partnership to build a wind energy platform in India with a goal of setting up over 2 GW capacity over the next five years. The platform in India would be built through a joint venture of 50-50 by the two entities.
Goal to set up over 2 GW of wind energy platform
The platform has a goal of setting up over 2 GW of wind energy capacity over the next five years. The scope will be both onshore and offshore wind projects under central and select state tenders. Malcolm Wrigley, Country Manager ENGIE India told that their aim was to respond to the major challenges of the energy transition particularly in fast-growing countries like India.
Recently, ENGIE won a capacity totalling 280 MW in three separate state and central tenders in India. Moreover, the three projects include 200 MW and 50 MW on one location in Tamil Nadu and 30 MW project in Gujarat. These projects will be the part of the platform.
Matthew Saville, STOA’s Managing Director commented that the Indian renewable sectors had seen strong growth and demand for power. He also mentioned that the company was delighted to work with ENGIE in order to deliver clean and affordable power to the country.