The project is expected to qualify as a clean development mechanism project under the Kyoto Protocol.
With this project, CLP India’s portfolio will grow to about 450 MW. This investment will bring CLP’s renewable investments to over 1,300 MW, around 10% of the total generating capacity of its portfolio.
CLP Group’s Chief Executive Officer Andrew Brandler said, “The Theni project underpins its contribution to the Group’s target of having 20% of our generating capacity from non-carbon emitting power across the Asia Pacific region by 2020, an interim target outlined in our Climate Vision 2050. This investment reinforces CLP’s position as a leading foreign power producer of clean energy in India.”
“The new wind farm development has been encouraged by the positive wind power policy implemented by the State of Tamil Nadu, the Tamil Nadu Electricity Regulatory Commission and the Tamil Nadu Electricity Board,” CLP India Managing Director Rajiv Mishra said.
“The state of Tamil Nadu is the pioneering state for wind energy in India. The new policy and the renewed ‘Renewables Purchase Obligation’ targets are very encouraging for Independent Power Project (IPP) developer like CLP,” Mishra added.
“This exciting project in Theni is a major step forward for Vestas in India. The project award is the recognition of the long term relationship between the two companies and we look forward to using our expertise and technology in the wind market to help CLP realise their own renewable energy ambitions,” Vestas Asia Pacific’s President Sean Sutton said.
