Wind power major Suzlon Energy is investing Rs 15,000 crore to set up wind and solar farms of 3000 MW in Karnataka.
The projects would be set up within the next five years, Mr Tulsi R Tanti, Chairman and Managing Director, said at the Global Investors Meet 2012.
“The State has a capacity of 15,000 MW of which only about 2000 MW is harnessed,” he pointed out, adding that the company was “committed to investments in the State”.
The company currently has one of the wind equipment largest manufacturing plants in Karnataka, and has an installed capacity of 770 MW in the State.
The deal covers the development of new capacity in wind farms across the State, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Chikmangalore, Raichur, Mysore, Belgaum and Bagalkot, according to a press statement from the company.
The Karnataka Government will obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the State.
Suzlon, in turn, will facilitate the flow of investments into the State through its customers investing in wind energy, the statement said.