Home » Finance » Sun Edison, Azure win IFC & GERMI designed Gujarat Gandhinagar rooftop solar contracts

Sun Edison, Azure win IFC & GERMI designed Gujarat Gandhinagar rooftop solar contracts

IFC signed a memorandum with GERMI during the Vibrant Gujarat 2011 conference last year. Since, the two organizations, basis the preliminary discussions, have identified areas of cooperation.

Subsequently, IFC began working with Gujarat Energy Research and Management Institute, known as GERMI, to design and structure a distributed-rooftop solar-power project in Gandhinagar, capital city of Gujarat state. The project, a five-megawatt solar installation, is expected to reduce greenhouse-gas emissions by about 6,000 tons a year and mobilize about $20 million in private sector investment.

According to reports, two US-headquartered companies, Sun Edison and Azure Power, have won the mandate for setting up rooftop solar power plant projects in Gandhinagar, Gujarat.

Implemented by Gujarat Energy Research Management Institute (GERMI), this rent-a-roof programme is the first-of-its-kind in India.

Sun Edison and Azure Power will each put up 2.5 MW of solar plants on the roofs of houses or office complexes that are willing to rent their roof for the purpose.

The roof owner will get a part of the revenue generated by the power plant.

The owner will not get to use the electricity to run his home or office, as has been the case in all the rooftop solar developments so far in the country.

The first phase of the ‘Gandhinagar Solar Rooftop Programme’ is 5 MW, but more will follow in due course, Business Line learns from sources in Gujarat official circles.

Azure Power said it had not got an official communication from GERMI, while Sun Edison refused to comment.





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