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Indians seek Australian partners to develop local wind farms

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Indians seek Australian partners to develop local wind farms

Suzlon Energy Ltd, an Indian company, announced that it sought Australian partners to develop local wind power plants following the Paris climate agreement, Business Standard reports on Thurday.


The company plans to participate in development of the projects in Australia at a cost of $3 billion within the next 5 years. Implementing such projects, Suzlon Energy Ltd intends to tap investment from Goldman Sachs, Morgan Stanley and other funds.

“Our plans for the next five years is to join hands with the local developer and we will start co-development with them, then we need a local partner for the construction. Then we will offer to the customer the total solution,” Suzlon's CEO Tulsi Tanti told Reuters.

At least two GW facilities are expected to be constructed by the company.

 

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