Azure Power of India partners with SunEdison to jointly develop and construct a 15 Megawatt (MW) photovoltaic solar power plant in Gujarat. As part of the arrangement, SunEdison will supply monitoring technologies at cost to Azure for projects up to 25 MW.
The first megawatt scale grid connected solar project in India, was a 2MW project set up by the West Bengal Green Energy Development Corporation Ltd (WBGECL) out of which 1.2MW was commissioned on December 8,2009.
Azure Power commissioned the next megawatt scale solar PV project in Punjab (2MW), which was India’s first privately operated, utility-scale, solar power plant.
Speaking about the agreement Mr. Inderpreet Wadhwa, CEO, Azure Power said, “We are excited to work with SunEdison for our Indian projects. With this collaboration the Azure solar power plant in Gujarat would become a live case study for world class design, engineering, project management, operations and maintenance. From SunEdison we will derive the benefit of technology expertise and international execution experience of large scale solar PV projects.”
SunEdison is an internationally reputed PV Project developer with proven experience in developing large scale solar power projects in many countries. SunEdison was the first company to introduce the Solar Power Purchasing Agreement and currently manages more than 350 utility scale and commercial solar photovoltaic power plants globally. They are currently executing a 70+ MW project in Italy, which is the largest PV project in the world.
Azure Power seems to have raised capital in a Series B round . Azure Power designs, finances, owns, and operates solar power plants.
Just a couple of days ago, XL Telecom announced a JV with SDEM TEGA a part of the ST group of Spain for execution of engineering, procurement and construction (EPC) contract for the upcoming up 500 megawatt solar power project in the next 12 to 24 months in India.
Recently EIL made its foray into the Solar energy sector with a tie up with Exergy Consortium (Exergy) to provide Lumpsum Turnkey (LSTK) EPC services for setting up MW sized grid connected Solar Farms for Investors and Project Developers.
There are other players like PLG Power Limited that claim to be a vertically integrated company operating in the PV sector, Procon Energy Solutions that provide complete Solar PV Power Plant System Integration solutions.
Titan Energy Systems started to develop and manufacture high-quality solar photovoltaic modules. Since, they have become pioneer in this area and have developed multiple megawatt scale Solar PV plants including the first one in India in Jamuria, West Bengal. Subsequently Titan had started to undertake design, construction, operation and maintenance of grid-connected and off-grid solar systems on ‘turnkey’ basis for end customers.
There has been a number of JV’s , new entrants, older players expanding, first time developers partnering with foreign partners in this fast emerging and rapidly developing eco-system with the impetus being provided by JNNSM. It will be interesting to watch how this eco-system shapes up and how they would influence the longer term policy for the second phase of JNNSM.