|India enjoys abundant solar energy resources.|
|(cc) Pranav Yaddanapudi|
SunPower Corp. announced today that Mahindra EPC Services Pvt Ltd has ordered 15 megawatts of SunPower solar panels and SunPower T0 Tracker technology for delivery by the end of this year. The solar panels will be used by Mahindra for building multiple grid-connected solar power plants in India in the Punjab, Rajasthan, and Gujarat regions.
“SunPower offers bankable technology solutions and guaranteed performance,” said Parag Shah, Cleantech head of Mahindra. “As a result, we are confident that the solar plants we build will reliably maximize our return on investment while generating clean, renewable power for India.”
“Mahindra is a recognized global business leader, and we are pleased to establish this partnership with them in India,” said Howard Wenger, president of SunPower’s utility and power plant business group. “Using SunPower technology, the most efficient and reliable solar technology available on the market today, Mahindra will be well-positioned for long-term success in solar development.”
The SunPower T0 Tracker is a ground-mounted system that rotates the solar panels to follow the sun’s movement during the day, increasing sunlight capture by up to 25 percent over conventional fixed-tilt systems. In addition, this technology significantly reduces land use requirements.
Canadian Solar and Cirus Solar Systems
In related news, Canadian Solar Inc. has signed a photovoltaic solar module sales agreement with Cirus Solar Systems Private Limited, a solar engineering, procurement, and construction (“EPC”) company based in Hyderabad, India.
Under the terms of the agreement, Canadian Solar is expected to deliver 33 MW of solar modules in the third and fourth quarters of 2011 at agreed prices denominated in U.S. dollars. The modules are expected to be utilized for solar PV projects that are designed, installed and commissioned by Cirus on behalf of two prominent Indian conglomerates. Initial shipments have already commenced.
Cirus provides turnkey solutions for solar power projects. In partnerships with global leaders having rich experience in solar industry, Cirus addresses both off-grid and utility scale solar power projects worldwide. Cirus has strong corporate backing from Hyderabad based Indu Group, which has its own expertise in setting up conventional power projects and infrastructure developments combined with a very solid balance sheet. The unique expertise of the Indu Group in optimized power systems design, its loyal equipment vendor base and the execution capability in distributed networks give Cirus the edge over its competition.
Dr. Shawn Qu, Canadian Solar’s Chairman and CEO said: “We are very pleased to initiate a business relationship with Cirus Solar Systems to participate in the development of the solar energy market in India. At Canadian Solar, we are relentless in our commitment to making solar power more competitive with other sources of energy through technology innovation as well as continuous focus on manufacturing efficiencies. We believe India has the potential to become one of the largest solar markets in the world and we expect it will make a meaningful contribution to the growth of our business in the quarters ahead.”
Mr. I. Syam Prasad Reddy, Chairman and Managing Director of Indu Group, said: “We have selected Canadian Solar products because of their high quality, reliable delivery and strong commitment to customer service. We will be using Canadian Solar’s 60-cell CS6P for ground-mounted applications, including a single large 20 MW plant as well as two smaller 8 MW and 5 MW plants coming up in the government sponsored solar park in Gujarat, India. These projects are expected to be completed by December 2011. We look forward to working with Canadian Solar to develop awareness and to drive adoption of solar power in India.”
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