(Only the headline and picture of this report may have been reworked by the Business Standard staff the rest of the content is auto-generated from a syndicated feed.)īusiness Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The company is among India's fastest-growing renewable energy producers. British International Investment and EverSource Capital-managed Green Growth Equity Fund are other shareholders in the company. "Karnataka is a big pull for the renewable energy industry, and we are pleased to have partnered with it to expand the sector further," he said.Īccording to the statement, the National Investment and Infrastructure Fund (NIIF) is a majority stakeholder in the Bengaluru-based Ayana. Karnataka, under its Renewable Energy Policy 2022-27, aims to develop 10 GW of additional renewable energy projects and Ayana is keen to help achieve the target, Shivanand Nimbargi, MD & CEO, Ayana, said. With the addition of 2 GW of green capacities, the company aims to to provide clean energy for nearly 2 million households. At present, Ayana has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state," it said. "The company has signed an expression of interest with the government of Karnataka to develop wind and solar power projects totaling 2 (GW) capacity with an investment of around Rs 120 billion (Rs 12,000 crore). Ayana Renewable Power Pvt Ltd (Ayana) is scaling up its presence in Karnataka by setting up renewable energy projects totaling 2 gigawatts (GWs) with an investment of Rs 12,000 crore.Īt present, it has an operational portfolio of 340 megawatt-alternate current (MWAC) in the state, Ayana said in a statement on Wednesday.
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