According to reports, AWS Truepower saw its solar mapping revenue grow from zero to $1 million in 2010, its first year since the Albany wind mapping and monitoring company expanded into the solar industry. CEO Bruce Bailey, a former atmospheric science researcher at the University at Albany, formed AWS in 1985. Bailey said the business had grown to 85 employees, generating $18 million in annual revenue by selling its services to wind power project developers, wind power utility companies and banks that underwrite such projects. The company began offering mapping and planning services last year and changed its name from AWS Truewind to AWS Truepower.
Bailey said total revenue last year was roughly $19 million and he expects that to grow by double digits in 2011. Its operations in Barcelona, Spain and Bangalore India also are expected to increase revenue and add employees this year, Bailey said.
As Panchabuta has earlier reported, the government is augmenting solar radiation resource assessment in the country.
“C-WET has been assigned the task of solar radiation monitoring. We are looking at setting up 50 ground monitoring stations in co-operation with states,” Deepak Gupta, Secretary, Ministry of New and Renewable Energy (MNRE) had recently said.
According to recent reports, researchers at the Indian Institute of Science (IISc), Bangalore, are mapping India’s solar hot spots—where round-the-year sunlight makes it viable for companies to set up solar power plants.The study can play a crucial role in enhancing India’s energy supply.