A group led by New Generation Power LLC, a U.S. clean energy developer, has signed contracts to build 315 megawatts of solar plants in India.
The group expects to invest $400 million by the end of 2014 to complete installations at various sites across Andhra Pradesh state, Chicago-based New Generation said in a statement. The plants will sell power under 20-year contracts to the local utility.
Mumbai-based Waaree Group and Hyderabad-based Premier Solar Group have been selected as contractors to design and build the plants, according to the statement.
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