, India

Ayana, gov’t eye to develop 2GW wind, solar projects in Karnataka

The projects have an investment of around $1.5b.

National Investment and Infrastructure Fund-backed Ayana Renewable Power Private Limited signed an expression of interest with the Government of Karnataka for the development of two-gigawatt wind and solar projects in the state.

In a statement, the company said the project which has an investment of around $1.5b (INR120b) can provide clean energy to around two million households.

“Karnataka is a big pull for the renewable energy industry, and we are pleased to have partnered with it to expand the sector further,” said Ayana CEO and Managing Director Shivanand Nimbargi.

“The State under its Renewable Energy Policy 2022-27 aims to develop 10GW of additional renewable energy projects. Ayana is keen to help it achieve that target, creating an attractive and sustainable ecosystem for clean and green energy development,” he added.

Ayana currently has an operational portfolio of 340 megawatt-alternate current in Karnataka.

Read also: India’s RE capacity reaches over 109GW as of Q1 2022

$1 = INR77.80

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