Leasing land for renewable energy production offers farmers a chance to diversify their land use and create an additional income source. By installing solar panels or wind turbines, they can capitalize on the increasing need for clean energy while maintaining their agricultural activities. This not only strengthens their financial stability but also enhances land value and supports sustainable practices, contributing to a greener economy.
The development process for a renewable energy facility, which can take between 3 -6 years (Solar PV up to three years and Wind up to six years), encompasses several crucial steps to ensure the project's successful execution. These steps include identifying suitable land, obtaining necessary permits, conducting thorough environmental impact assessments, actively participating in government tender processes, and achieving financial close before construction can begin. Every stage is crucial for developing a sustainable and compliant energy project.
ViGo has secured a robust pipeline of hybrid energy projects, with over 500MW currently in various stages of development.
ViGo is a shareholder in the Oya Hybrid Project, which has an installed capacity of 335MW and a contracted capacity of 128MW. This project is a significant part of the Risk Mitigation Independent Power Producer Programme (RMIPPP) and is currently under construction.
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