At the recently concluded Global Investor’s Meet at Chennai, SunEdison has signed MoUs for 2000 MW of renewable energy development in Tamil Nadu.
While no fan of either MoUs or these gala investor’s meets, I do hope that these intentions translate to reality. With SunEdison already operating a number of RE assets across the country, and given the company’s fairly aggressive business development, there is a good chance this will happen.
Here’s what the company intends to do in TN: “Detailing plans, SunEdison officials said that the company would develop 1200MW of solar power projects and 800MW of wind energy projects. “We have acquired land parcels for solar project outside Madurai, Virudhunagar and Tiruchuzhi (in Perambalur district) for the solar project,” an official said.The company has already acquired land at Periyapatti near Coimbatore for its wind energy project. “We do not foresee any issues on land buying,” the official said.
Let us indeed hope that these projects take off soon. Tamil Nadu has been perceived rather poorly with regard to solar power development, having declared a policy almost 3 years back but hardly getting anything on or off the ground since then.