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Embassy Energy to build 200MW solar plant in Karnataka

  • Bangalore-based real estate developer Embassy Group is planning a 200MW solar PV plant in the Indian state of Karnataka.
  • Embassy plans to further scale its power business and build 1GW of renewable energy projects across India over the next few years, said Anshul Singhal, CEO of Embassy Energy.
  • According to the Central Electricity Authority, the country’s total installed capacity for renewable energy was 36.47 gw at the end of the quarter to June 2015.
  • The project will require an investment of INR14 billion (US$215 million) of which 70% will be debt and 30% equity.

Source: EconomicTimes

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