Home » Solar » Titan Energy Systems- Enfinity Belgium form SPV to setup 1GW PV installations in 5 years

Titan Energy Systems- Enfinity Belgium form SPV to setup 1GW PV installations in 5 years

It seems like the announcements from companies in planned capacities and targets seems to keep coming almost non stop.

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

Just last week 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.

Developers like Azure Power India Pvt. have announced  plans to raise its solar energy generation capacity to 100 megawatts by 2013 with an investment of 15 billion rupees ($ 332 million).

Another PE funded developer Kiran Energy has talked about installing about 200Mw capacity in the next three years.

According to reports, Titan Energy Systems has formed a special purpose vehicle in collaboration with global renewable energy developer, Enfinity of Belgium, for setting up 1,000-MW of photovoltaic installations on 3,000 acres of land in the district over a period of five years. The APIIC has allocated the land to the firm on a long lease.

Once again an ambitious announcement and Panchabuta will keep track of the developments and our readers updated.

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