ENGIE, STOA Tie Up To Develop Wind Platform In India


ENGIE, STOA Tie Up To Develop Wind Platform In India

Power firm ENGIE and French infrastructure and power equity investor STOA Wednesday 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.

“ENGIE, a leading multinational utility company and the largest global independent power producer, and STOA, a French infrastructure and power equity investor in developing countries, announced today a partnership to build a wind platform in India…through a Joint-Venture detained 50/50 by the two entities,” a statement said.

The platform has a goal of setting up over 2 GW of wind energy capacity over the next five years. Scope will be both onshore and offshore wind projects under central and select state tenders.

Earlier this year, ENGIE won a capacity totalling 280 MW in three separate state and central tenders in India. These three projects, which are currently in implementation stage (200 + 50 MW in one location in Tamil Nadu and 30 MW in Gujarat) will form a part of the platform, it said. Read more

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