Business Objective

Business Objective

Clean Energy is the buzzword in the Indian Energy Market & Renewable Energy is one of the fastest growing clean energy technologies accounting for 13% of total installed capacity in India.

Wind is been a proven technology that has been developed and optimized over the three decades. The level of annual installed capacity has grown at an average rate of 27.8% pa for past five years. The Indian government has set a target of adding 60 GW of Wind Energy by 2022.

Panama Renewable, established in December 2010, is the Panama Group company that develops and manages energy generation from renewable sources, with an annual production of 300 GW/h as on date.The two main Wind Energy plants of 152 MW capacity, meet the energy consumption of over 2970297 families and avoid 4.6 million tonnes of CO2 emissions per year. The Plants are located in the States of Maharashtra,Karnataka and Rajasthan.

We are committed to contributing to sustainable development. We believe that renewable sources play a central role in promoting the competitiveness of the production system the country and to ensure secure energy supply. Electricity generation from wind helps to improve the country’s energy independence, while also protecting the environment. We aim to grow by substantially increasing our installed capacity aimed at highlighting specific local peculiarities and building on Panama Wind’s expertise in this sector.

Panama Renewable has set up an Interim target of developing 650 MW of Wind Energy portfolio across the State of Maharashtra, Madhya Pradesh, Andhra Pradesh and Karnataka.