Engie seals new wind partnership

27 September 2017

Engie has created a partnership with the Abraaj Group to build a pipeline of wind energy projects in India.

The two companies have identified a “robust pipeline of wind power projects” with a total capacity of over 1 GW across a number of states. The partnership will leverage Abraaj’s clean energy expertise with Engie’s operational experience, they said in a statement.

“The Indian renewables sector has seen strong growth in recent times and we expect demand for power across the country will continue to increase,” said Saad Zaman, Partner at The Abraaj Group. “Buoyed by a strong regulatory framework, the renewables sector is a significant long-term, sustainable investment opportunity for Abraaj.”

Abraaj has invested over $1 billion in ten projects globally. In 2015, it partnered with the Aditya Birla Group to build a 1 GW scale solar energy platform in India, and in 2017, acquired a majority stake in Jhimpir Power, a 50 MW wind power project in the Jhimpir wind corridor in Southeast Pakistan.

“Wind power generation today is approaching grid parity and offers a competitive solution to lower average power pool prices,” said Zaman. “There is a real opportunity to enhance renewable energy generation in India and we are delighted to be working with Engie to deliver affordable and clean power to the country.”



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