Phoenix Solar Singapore Expands to India
Phoenix Solar Pte Ltd in Singapore, the Asia Pacific subsidiary ofGermany-based Phoenix Solar AG, has signed two further contracts in theregion, totalling two megawatts peak power (MWp).
India’s PVmarket grew by 57 percent to reach approximately 69 MWp in 2010 and thegovernment plans 20 Gigawatts of installed photovoltaic capacity by2022. “India is poised for expansion and offers immense marketpotential. The country’s high insolation (1,500 – 2,000 kWh/m²),combined with plentiful available land, strong demand and power purchase agreements (PPA) makes it an ideal location for solar PV”, saidChristophe Inglin, Managing Director of Phoenix Solar Pte Ltd.
Phoenix Solar Singapore and local company Alectrona Energy Private Limited have contracts to jointly supply and install a one MWp system in Tamil Nadufor Great Shine Holdings Pvt Ltd, a subsidiary of Zynergy Projects andServices Pvt Ltd. The system uses copper indium gallium diselenide(CIGS) modules from MiaSolé, and SMA inverters.
Approximately9,000 modules will cover an area of 1.8 hectares of flat land and feedover 1,600 megawatt hours a year into the National Thermal Power Corp(NTPC) grid. This project is funded under the Jawaharlal Nehru NationalSolar Mission (JNNSM), with a PPA of INR 18.45/kWh (approx. EUR0.29/kWh) for 25 years.
Rohit Rabindernath, Zynergy’s CEO, said,“We have big plans for India’s solar sector, and we are very pleased topartner with Phoenix Solar for this pilot project – the first of many to come.”
Phoenix Solar Singapore has also signed a one MWpcontract with Chemtrols Solar Pvt Ltd for a project in the state ofGujarat, India, using First Solar modules and SMA inverters. This system will use over 13,000 modules to cover 2.2 hectares. The plant will feed 1,600 megawatt hours per year into the Gujarat Energy TransmissionCorporation Limited (GETCO) grid, with a PPA of INR 15/kWh (approx. EUR0.24/kWh) for years 1-12, and INR 5 (approx. EUR 0.08/kWh) for years13-25.
“We value the close collaboration with Phoenix Solarespecially in the early phases of India’s PV market development. Weappreciate the experience that Phoenix Solar brings to the table,” saidSharad Saxena, CEO of Chemtrols Solar Pvt Ltd.
For Dr. AndreasHänel, CEO of Phoenix Solar AG, this is further proof of the growth inAsia. “Internationalisation is a critical aspect of our business and weare pleased that our Singapore subsidiary – after the market entry inMalaysia last year – now successful entered both Thailand and the Indian solar market. These first two projects in India mark a significantfirst step towards an important market in our portfolio.”
Both projects are scheduled to be connected to the grid by 31 December 2011.
Search 26k+ Solar Articles
- Glass and Green Building
- How China Will Transform The Energy Industry
- New Project Will Forecast Solar Generation
- In Focus: The Potential of Los Angeles Solar
- Tesla Reports Profit, Stock SKYROCKETS
- SolarCity Raises $500M
- Graphene That Redefines Electric Current
- NextEra Gobbles Up Smart Energy Capital
- Oil Prices and Renewable Energy
- 5 Promising Eco Careers
- In Focus: People Power!
- The EV Cordless Power Vehicle Charging System