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PROINSO seals four new supply projects reaching 33 MW in India

A couple of months ago, PROINSO, the Spanish multinational company achieved its first contract for India, consisting of the supply of a 2 MW solar project located in the state of Maharastra (west-central India).

The company has announced that it has closed two new agreements for photovoltaic solar energy projects in India together reaching 33 MW and are located in the city of Charakana (Patan District of Gujarat) and in Maharastra. These projects are distributed as follows: Gujarat 1 (5 MWs); Gujarat 2 (20 MWs); Maharastra 2 (4 MWS); Maharastra 3 (4 MWs).

With the projects to date and the one previously signed in June 2011 – Maharastra 1 for 2 MWS -, – PROINSO reaches the contracted figure of 35 MW in India. The project began the supply in the month of July when it began to receive the first materials and will be completed before December 2011. All projects will have SMA technology with the OUTDOOR model and polycrystalline modules.

The two new agreements are in addition to the first contract in India PROINSO closed last June for the supply of a 2 MW solar project located in the state of Maharashtra (central west of the country). This agreement confirms the entry of the Spanish multinational with force into the Indian market for solar photovoltaics, which could become a reference for the different companies that are developing EPC projects in India, given the good reception it is receiving on the market.

In fact, PROINSO and MECASOLAR – tracker manufacturing companies part of the Grupo OPDE plans to open before the end of the year an office in India, a market of great interest to both companies given its growth potential (solar energy in India is expected to reach 10,000 MW installed by 2020).

PROINSO first began to approach the India market through a reverse trade mission organized by SECARTYS and SOLARTYS and in collaboration with Teresa Solbes Commercial Economic Adviser for the Spanish Embassy and the Solar Society India. This reverse mission was held in May 2010, attended by many Indian companies, accompanied by Dr. Farooq Abdullah, the Honourable Minister of New and Renewable Energy Government of India. The Minister Dr. Farooq Abdullah presented the OPDE Group – company that MECASOLAR-PROINSO forms part of – with the investment opportunities within the Solar Nation program and the support that companies who invest in this technology in India will receive.

Recent participation in a direct trade mission in April 2011 to India by the Spanish Association for the Internationalisation and Innovation of Solar Companies (SECARTYS-SOLARTYS), has allowed PROINSO and MECASOLAR to strengthen commercial relationships with leading companies in the photovoltaic industry.

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