Mumbai, Jan 16 (IANS): India's largest wind turbine manufacturer Suzlon Energy will develop 3,000 MW in Andra Pradesh by 2016 with a potential investment of Rs.18,000 crore.

The company signed a memorandum of understanding (MoU) with the state government during last week's Partnership Summit 2012 in Hyderabad.

Andra Pradesh is one of the fastest emerging wind energy destinations in the country.

As per the MoU, the state government will help Suzlon in obtaining mandatory permissions, registrations, approvals and clearances necessary for developing wind-based energy farms, the company said in a filing to the Bombay Stock Exchange (BSE) Monday.

"Suzlon, in turn, will play the role of developer and facilitate the channelisation of investments into the state through its customers investing in wind energy," it said.

The MoU covers development of new capacity in wind farms across the state, with developments planned in the districts of Tallimadugula, Alankarayanipeta, Gandikota and other parts of Andra Pradesh.