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Enfinity and Titan Energy to install 1 GWp of solar PV in India

Enfinity, a global renewable energy developer, and Titan Energy Systems, a manufacturer of solar photovoltaic (PV) modules, are collaborating on developing, financing and constructing 1 GWp of solar PV installations on 3000 acres of land in Andhra Pradesh, India, in the coming five years.

Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC - a Government of Andhra Pradesh undertaking) will allocate, in long lease, 3000 acres of land in the villages of Thumalla, Dademavaripalli, Pulikuntapalli, Karimireddypalli and Lokogipalli, and at the industrial park of Amadugur near Kadiri, all in Anantapur District in the state Andhra Pradesh for the solar PV installations.

Enfinity will develop and finance the solar PV project while Titan Energy Systems will act as a contractor and supplier of the solar PV Modules. Enfinity and Titan will for this purpose establish an SPV (Special Purpose Vehicle).

“This collaboration is of major strategic importance in the development of our activities in high potential PV market in India,” says Gino Van Neer, Founder of Enfinity and CEO of Enfinity Asia.

Further to India’s National Action Plan of Climate Change dated 30 June, 2008 a National Solar Plan is expected to come into force in November 2009. By the plan India is preparing to elbow its way toward the head of the solar class.

The government has set a solar power goal of 20 GW by 2020, 100 GW by 2030 and 200 GW by 2050.

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Photovoltaics (PV)  •  Solar electricity

 

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