Suzlon Group Chairman Tulsi Tanti said: "This not only reinforces Karnataka’s position as one of India’s leading markets in wind energy, but also illustrates their commitment towards creating a low-carbon economy in the state".
The EoI covers the development of new capacity in wind farms across the state, with developments planned in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Raichur, Chikmagalur, Mysore, Belgaum and Bagalkot. The investment is worth Rs15,000 crore, according to a company statement.
Under the EoI signed during GIM 2012, the Karnataka government would obtain the necessary permissions, registrations, approvals and clearances for the development of wind farms in the state.
Suzlon, in turn, would play the role of a developer and facilitate the flow of investments into the state through its customers investing in wind energy. Karnataka has large untapped wind energy potential, with estimates ranging around 13,000 MW according to Centre for Wind Energy Technology (CWET).