China Light and Power India reaffirmed its commitment to clean energy with its latest wind project in India, which will bring the company’s total wind generating portfolio to 485.6 megawatts.
C.L.P. India, the largest foreign investor in India’s wind sector, will develop a 39.6-MW wind farm in Harapanahalli, Karnataka. The wind farm will consist of 24 Vestas V82-geared wind turbines, each with a capacity of 1.65 MW.
Construction of the wind farm has commenced and is scheduled to be completed by the first quarter of 2011.
The Harapanahalli wind project is expected to qualify as a Clean Development Mechanism project under the Kyoto Protocol, which will beef up its financial viability.
C.L.P. India already started operations in five wind farms across the country, accounting for 302 MW of its total wind energy portfolio. The remaining 183.6 MW are under various stages of implementation in the states of Gujarat, Karnataka, Tamil Nadu and Maharashtra.
“We have already committed an investment of over 97 billion Indian rupees ($2.12 billion) in Indian power projects and with our intention to broaden our involvement in the Indian wind sector we expect our portfolio to grow steadily,” Rajiv Mishra, managing director of C.L.P. India, said.
This investment will support the company’s plan of adding 200 MW of wind power installations in India every year.
The Indian wind market is experiencing a steady rise over the last five years, with over 10.9 gigawatts of installed wind capacity recorded in 2009.
The southern state of Tamil Nadu has 4.3 GW installed last year, representing 42 percent of India’s total wind capacity. The states of Maharashtra, Gujarat and Karnataka have 1.9 GW, 1.5 GW and 1.3 GW installed, respectively.
India’s Ministry of New and Renewable Energy intends to add 6,000 MW of wind power by 2012 to meet the government’s goal of 10 percent renewable energy capacity by that same year.
In addition to its wind business sector, C.L.P. India, a wholly-owned subsidiary of Hong Kong-based C.L.P. Holdings Limited (HKG:2 [2:HK], OTCBB:CLPHY) also owns and operates a 655-MW combined cycle gas power plant in Village Paguthan near Bharuch in Gujarat.
The company pledged to reduce its carbon intensity by 75 percent in 2050, as well as produce 20 percent of its generating capacity from renewable energy sources, such as wind, hydro and biomass, by 2020.