L&T partners with Sharp to provide turnkey Solar EPC-targets 100MW in 12 months and turnover of Rs 13 billion

The solar EPC space in India continues to witness unabated news flow. 

 Just a couple of days back The meeco Group, entered into a joint venture between PV Energy Private Limited (Indian subsidiary of PV Energy Limited, UK) and Soma Enterprise Limited, a leading infrastructure company in India. The joint venture will provide turnkey EPC and Operations and Management services and talked about  50 MWp solar parks in the next three years in India.

A week earlier Electrotherm India announced of a  JV with Immodo Spain to offer complete EPC and integration of Solar projects with a targets 80MW by 2012-13.

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.

In a recent announcement that is likely to make most of the players mentioned above sit and take notice, infrastructure giant in India Larsen & Tubro has entered into a  partnership with Sharp  for  turnkey EPC (engineering, procurement and construction) in megawatt solar project  and plan to construct about 100 MW in the next 12 months in most of the metros, according to Mr. Sunil K. Sinha, Chief Executive Officer of Sharp India operations and Managing Director of Sharp Business Systems. Total project turnover would be Rs. 1,300 crore. Under this agreement, L&T would commission and execute the solar project for various independent power plant producers while Sharp would be the technology partner.