SkyPower Signs Power Purchase Agreement
to Deliver 150 Megawatts of Solar Power to the Indian State of Madhya Pradesh


NEW DELHI, INDIA, October 1, 2015

SkyPower has entered into a long-term power purchase agreement (PPA) with the Government of Madhya Pradesh to provide 150 megawatts (MW) AC of utility-scale solar power to the Indian state.

“SkyPower is committed to making a powerful contribution to India’s goal of generating 100 gigawatts of solar power by 2022,” said Kerry Adler, SkyPower President and Chief Executive Officer. “India is leading the world in deploying solar, not only with its significant targets but by its very actions, and the people of Madhya Pradesh will benefit from clean, reliable and affordable energy as a result of the vision and leadership of this great state.”

“Renewable energy is a big focus for the State of Madhya Pradesh and signing this power purchase agreement with SkyPower highlights our commitment,” said Mr. Sanjay Kumar Shukla, IAS, Managing Director, M.P. Power Management Company Limited (MPPMCL).

“SkyPower is a globally renowned company and we are sure that our partnership will pave the way for a wave of solar energy projects to support India’s renewable energy mission.” The PPAs were signed with Dr. Navin Kumar Kohli, Addl. General Manager (IPC), MPPMCL.

The SkyPower team’s vast global experience coupled with its proprietary development platform when combined, permit us to provide solar power in India at truly market competitive rates whilst ensuring the highest quality construction and world-class execution using our global purchasing power and highly advanced systems and processes that have been developed by the SkyPower team over the past 12 years.