Suzlon ties up with Canadian Solar for two Telangana projects.

Wind power company Suzlon recently announced a joint venture with Canadian Solar for developing two solar projects of 15 MW each in Telangana.

Canadian Solar will acquire 49 per cent stake in two special purpose vehicles of Suzlon, which have been set up for executing these projects.

Canadian Solar will provide its solar PV modules, arrange project financing and contribute its technology expertise to ensure the commissioning of these projects in the financial year 2017, Suzlon said in a BSE statement.

The company also announced a joint venture with the Unisun Energy Group for the development and construction of a 15-MW solar PV project at Bhainsa, Adilabad district of Telangana.

HBL