The Solar EPC space has seen a lot of activity this past year, as Panchabuta has reported. Most recently, Solar Integration Systems India Pvt Ltd (Solarsis), headquartered in Hyderabad, India, offers ‘concept-to-completion’ services for grid-connected and off-grid systems using Solar PV technology had talked about an ambitious plan of achieveing a turn over of Rs 250 crore in the next two to three years.
Earlier, Harsha Engineers entered into a JV with German firm Abakus Solar to be an EPC contractor/Systems integrator for Solar PV market and 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.
Last month, the company had announced that they had won an EPC contract for turnkey solution for a 1MW solar project in Punjab and that they had some orders under discussion.
According to a release issued by XL Energy Ltd., the company said it had bagged order valued over Rs.12 crore for the turnkey supply and installation of solar power plant being located in Haryana.
The company said the project had achieved financial closure, while the various other opportunities under negotiation are at various stages of closure and should conclude in the near future.
CEO and MD Dinesh Kumar said, “XL Energy is in active negotiations for securing turnkey contracts in a big way in many states in India and announcements of these projects are expected in April/May.”