SkyPower, the largest and one of the most successful developers and owners of utility-scale solar energy projects in the world, signed four power purchase agreements with the Indian state of Telangana to build and operate a total of 200 MW AC of solar energy projects.
The agreements with Telangana mark the continuation of SkyPower's strategy in India, one of the fastest growing solar markets in the world. Over the past several months, SkyPower has secured 400 MW AC of solar PV projects in the states of Madhya Pradesh and Telangana and a foundation for SkyPower to grow its presence across India.
The vast global experience of the SkyPower team combined with the company's proprietary development platform enable SkyPower to provide solar power in India at truly market competitive rates, while ensuring the highest quality construction and world-class execution using our global purchasing power and highly advanced systems and processes that have been developed by the SkyPower team over the past 13 years.
SkyPower's continued commitment to develop, finance and build gigawatts of solar photovoltaic projects in India represents a significant amount of the Government of India's 100 GW solar target for 2022 and SkyPower is proud to be a part of this exemplary program of the state and federal governments of India.