Home » Solar » XL Energy wins first 1MW Solar EPC project in Punjab,India for Rs. 13 Cr

XL Energy wins first 1MW Solar EPC project in Punjab,India for Rs. 13 Cr

The Solar EPC space has seen a lot of activity this past year, as Panchabuta has reported. Most recently, Harsha Engineers entered into a JV with German firm Abakus Solar to be an EPC contractor/Systems integrator for Solar PV market. Earlier,  Gehrlicher Solar AG entered into a JV with Greenforce Enviro to provide Solar EPC.

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. 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.

XL Energy finally announced today that we have won an EPC contract for turnkey solution for a 1MW solar project in Punjab and that they expect to win another order for a 5MW for around 60 Cr. Panchabuta also understands that the company is in negotiations for a 20MW project in Gujarat.

Also the company has said that they expect to have a gross margins of about 15%-18%  in these orders.

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