Azure Power, Kiran Energy and Reliance Power will share the critical lessons learned in Indian PV project development in New Delhi this July
Azure Power, Kiran Energy and Reliance Power are three companies leading the way in commercializing PV in India, with an estimated capacity of over 100 MW each, to be set up by 2015. These PV pioneers in India will be providing exclusive updates on their Phase I projects under the National Solar Mission and estate policies at the PV Project Development Summit India 2012 (30-31 July, New Delhi).
From an industry perspective the overall progress made by project developers in Phase I has been heavily scrutinized in recent months, and with Phase II soon to be announced, the impact that current projects have had on future industry growth will form a critical part of the debate in New Delhi.
Azure Power is one of India’s leading solar energy developers and operators, with decades of experience matching its execution capabilities. In 2009 the company won a tender from PEDA to set up a 2 MW solar power plant in Awan (completed in six months) and a 15 MW plant in Gujarat. It presently owns projects worth 57.2 MW and is planning to commission 100 MW with capital investment of Rs 2,000 crore by 2014.
Based in Mumbai, Kiran Energy is dedicated to developing on-grid and off-grid solar power projects in India and has become one of the foremost clean energy utilities in the country, with a sizeable pipeline of solar PV projects under both state and National Solar Mission schemes. Along with its partner Mahindra & Mahindra, the company is targeting to commission over 100 MW of solar power projects across India by 2015, currently working on three projects to generate a total of 50 MW of PV power by the end of this fiscal.
Reliance Power was also successful under Phase I of the JNNSM in both, CSP and PV solar technologies. In March 2012, the company commissioned India’s largest solar photovoltaic plant. Powered by 500,000 thin film modules, the 40 MW ground-mounted system has been developed in a record period of five months in the estate of Rajasthan. Reliance Power Limited is a part of the Reliance Group, one of India’s largest business houses, with a total renewable energy portfolio of 1,000MW.
Joining them at the PV Project Development Summit India 2012 are leading international PV companies including SunEdison, Conergy and SolaireDirect who will provide critical engineering and construction know-how from large-scale projects in Europe and the US. In addition, PV Insider recently announced that the Ministry of New and Renewable Energy, CERC, IREDA, NVVN and the IFC will also be in attendance to outline the future of government regulations and subsidies in India, as well as the lessons learned in the financing of projects in Phase I and upcoming outlook.