New Delhi : Engie India, the India arm of French energy giant, plans to invest about Rs 3,500 crore for its 700-MW renewable energy projects slated to be commissioned by 2025, its Chief Executive Officer and Country Manager, Amit Jain, told ETEnergyWorld in an exclusive We have been in India since 2014. We entered with the acquisition of a company called Solar Direct. At that time, the portfolio was somewhere close to about 300 megawatts (MW) of operational assets. Gradually we built it up. Right now we have about 1.1 gigawatt (GW) of operational assets spread across seven states and 17 different sites. These assets are both wind and solar, but primarily solar. We have about 250 MW to 300 MW of wind capacity and the rest is all solar.
Apart from the 1.1 GW of operation capacity we have additionally secured two projects of 700 MW of total capacity recently, which are under construction. The 400 MW project will start construction soon
and the remaining 300 MW, we are waiting to sign a PPA with NTPC.
We have 250 MW wind capacity and the remaining is solar capacity.So, out of the total 1.8 GW, about 1.45 GW is solar capacity.
What are your investment targets for these projects?
For 400 MW, we are roughly looking at Rs 2,000 crore of capex that we will spend on it. For 300 MW, it will be about Rs 1,000 crore to Rs 1,500 crore.One project is in Gujarat and the other is in Rajasthan.
