08 June, 2022
Bangalore
The Company has signed an Expression of Interest with the Government of Karnataka to develop 2 GW of renewable energy projects
National Investment and Infrastructure Fund (NIIF) backed Ayana Renewable Power Private Limited (Ayana), one of India’s largest renewable energy producers, is set to expand Karnataka’s clean energy capacity.
The Company has signed an expression of interest with the Government of Karnataka to develop wind and solar power projects totaling 2-gigawatt (GW) capacity in Karnataka with an investment of around INR 120 billion. This capacity addition will be enough 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.
01 About Ayana Renewable Power Pvt Ltd.
Ayana Renewable Power is one of India’s largest and fastest-growing renewable energy producers. With one of the largest equity commitments in the sector, we are developing utility scale wind, solar and hybrid energy projects in South Asia. We support India’s mission to achieve carbon-neutrality. With the help of smart technology, Ayana is building cost-effective and sustainable power capacity that our generation and generations to come can benefit from. By 2025, our goal is to develop 10 GWAC portfolio.
Ayana is a majority-owned company of the National Investment and Infrastructure Fund (NIIF). British International Investment (formerly CDC Group) and EverSource Capital-managed Green Growth Equity Fund (GGEF) are other shareholders in the Company.
