SkyPower Global to Develop 150 MW of Solar Projects in Madhya Pradesh State

NEW DELHI, July 16, 2015 /PRNewswire/ -- SkyPower is pleased to announce that it has been awarded 150 MW of solar PPAs in the Indian State of Madhya Pradesh's procurement process announced on Wednesday.

SkyPower has been present in India for several years assessing the market very carefully and building its team both in India and globally as it prepared for the launch and the strategic deployment of a significant number of gigawatts of solar energy.

Madhya Pradesh will mark the beginning of SkyPower's electrification efforts in India with more announcements expected in the months ahead.

SkyPower, being a truly global company with over 25 GW of solar development and activities in over 60 countries stretching across 5 continents, has the unique ability as a focused global developer and Independent Power Producer to leverage its global purchasing power, experience and track record of developing over 24 utility-scale solar projects to date to help meet its targets in India which are truly aligned with the fantastic vision and objectives for solar energy in India as detailed by Prime Minister Shri. Narendra Modi and Minister of State for Power, Coal and New & Renewable Energy Piyush Goyal.

The SkyPower team's vast 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 highly advanced systems and processes that have been developed by the SkyPower team over the past 12 years.

SkyPower is proud of its team and stakeholders whose discipline and patience has truly helped design and build such an exceptional platform through which SkyPower plans to secure, develop and build gigawatts of solar power in India in the years ahead as it has in Canada, the Middle East and Africa.

Kerry Adler, President and Chief Executive Officer of SkyPower Global Group of Companies stated, "It is the diversity of SkyPower's team members, shareholders, and investors from around the globe and our ability to assimilate and welcome new partners in all our endeavours both in India and globally that has been and will continue to be paramount to our continued success".

Shortly, SkyPower plans to announce the launch of its India Solar Fund which will provide a platform for investors, partners and stakeholders to invest alongside SkyPower and participate with SkyPower as it grows throughout India. SkyPower looks forward to contributing to the very fabric of the country's ambition to bring 100 GW of solar power to the people of India, a vision and an objective that truly makes India a world leader and a priority country of focus for SkyPower in its continued global development efforts.

ABOUT SKYPOWER GLOBAL
SkyPower Global is the largest and one of the most successful developers and owners of utility-scale solar energy projects in the world. With roots dating back more than a decade, the global SkyPower Global team vast a vast track record of hundreds of years of combined experience in power and large infrastructure projects. SkyPower Global has built, assembled and acquired an extensive pipeline of more than 25,000 MW of projects in development worldwide. Over the past few years alone, SkyPower has secured over two dozen utility-scale solar PV Power Purchase Agreements (PPA) and Contracts, which in aggregate represent well in excess of US $80 billion worth of long-term renewable energy sales to leading utilities and governments around the world.

SkyPower welcomes any inquiries on opportunities for our consideration, please contact: Aviv Garten, Senior Vice President, Development, aviv.garten@skypower.com, +972 544 28 28 08; Zul Kapadia, Director, Global Intelligence & Integration, zulk@skypower.com, +1 416 419 0631; Hando Kang, Vice President, International Public Affairs, hando.kang@skypower.com, +1 647 478 2812; Maria Vorobieva, Director, International Public Affairs, mariav@skypower.com, +1 647 478 1149; Samantha McMahon, Executive Offices, samm@skypower.com, +1 647 478 2807; Anne Marie McSorley, Executive Offices, annem@skypower.com, +1 647 478 1132; www.SkyPower.com