Wind turbine manufacturer Suzlon Group has signed an expression of interest (EOI) with the Indian state of Karnataka to develop 2500MW of wind-powered electricity over the next five years.

Suzlon intends to invest a total of INR150bn ($2.7bn) to develop the wind farms in the districts of Bijapur, Chitradurga, Tumkur, Dharwad, Chikmangalore, Raichur, Mysore, Belgaum and Bagalkot.

Suzlon Group chairman, Tulsi Tanti, said the deal reinforces Karnataka’s position as one of India’s leading markets in wind energy.

"Karnataka is synonymous with India’s IT revolution, and with this important commitment to renewable energy, Karnataka is taking the lead once again in charting the next leap of renewable growth. We are proud to partner with Karnataka on this ambitious journey," said Tanti.

Under the terms of the EOI, the Karnataka Government will obtain the required permits, registrations, approvals and clearances for the development of wind farms in the state.

According to the Centre for Wind Energy Technology, Karnataka has a large untapped wind energy potential, ranging around 13,000MW.