CLP and Suzlon partner for two solar projects

CLP India and Suzlon have announced a JV for two solar projects of 50 MW and 20 MW in Dhule, Maharashtra. <p></p> <p>Suzlon has won the two projects through competitive bidding, and CLP India will acquire a stake of 49 per cent in Gale Solarfarms and Tornado Solarfarms, two special purpose vehicles set up by Suzlon. The power purchase agreement has a fixed tariff for 25 years at Rs 4.115 per kWh for 20 MW, and Rs 3.66 per kWh for 50 MW.</p> <p></p>