Singapore, June 13, 2017 – Equis Energy (Equis), Asia‐Pacific’s largest renewable energy Independent Power Producer (IPP), has signed a Memorandum of Understanding (MoU) with the Government of Haryana in north India to invest over US$150 million to develop canal‐top solar power plants that support India’s ambitious renewable energy target of 57% of installed capacity by 2027.
Equis has financed 674 MW of Indian renewable energy, with an additional 300 MW pipeline under development. Equis’ operating renewable energy portfolio in India includes 10 assets totaling 544 MW, comprising 414 MW of wind, and 130 MW of solar. In addition, Equis has 130 MW of solar assets under construction targeting commissioning in the next 12 months.
David Russell, Equis Energy Chairman, said, “With nearly a gigawatt (GW) of renewable energy in operation and under development, Equis is one of the largest renewable energy IPPs in India, and we remain strongly committed to supporting India’s continued growth, as well as to delivering low‐cost electricity and jobs to local communities.”