The Indian government has outlined its strategy to install 10 GW by 2017 through mostly utility-scale projects. Using a bottom-up analysis, REC expects a strong growth in the region of 1.6 to 1.8 GW in the Indian market for 2013; about 30 percent thereof from market segments based on grid parity, such as “diesel replacement”.
For the projects REC delivered 21,520 of its REC Peak Energy solar panels to the project developer Euro Solar Power Private Limited and an additional 20,480 solar panels to Aatash Power Pvt. Ltd. Each of the two solar power plants covers an area of 8.1 hectares and produces eight million kWh of clean, green energy each year. This corresponds over to 4,500 tons of CO2 emissions saved every year for each of the plants.
Luc Graré, Senior Vice President Solar Sales and Marketing said, “We are pleased to be selected as panel supplier of choice by Euro Solar Power Private Limited and Aatash Power Pvt. Ltd and to establish a reliable partnership with them in India as we continue to expand in the Indian market.”