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.
Malcolm Wrigley, Country Manager, ENGIE India, said: "Our aim is to respond to the major challenges of the energy transition, in particular in fast-growing countries like India."