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November 12, 2009 – Vol.14 No.34 Enfinity and Titan Energy Systems to Build 1 GW of Solar PV Power in India. Enfinity, a global renewable energy developer, and Titan Energy Systems, a manufacturer of PV modules, today announced their collaboration on developing, financing and constructing 1 GWp of PV installations on 3000 acres of land in Andhra Pradesh in the coming 5 years. Enfinity will develop and finance this project while Titan Energy Systems will act as a contractor and supplier of the PV Modules. Enfinity and Titan will for this purpose establish an SPV (Special Purpose Vehicle). “This collaboration is of major strategic importance in the development of our activities in high potential PV market in India”, said Gino Van Neer, Founder of Enfinity and CEO of Enfinity Asia. "Receiving the allotment letter for 1GWp solar power plant from APIIC is a testimony of Titan's ability and competency in establishing large utility scale solar power plants. Our SPV with Enfinity would be the right vehicle in implementing such large projects”, commented Sankar Rao, Managing Director of Titan Energy Systems.
India’s National Action Plan of Climate Change includes a National Solar Plan is expected to come into force in November 2009. In the plan India has set a solar goal of 20GW by 2020, 100GW by 2030 and 200GW by 2050. Most parts of the country enjoy 300 sunny days a year, making solar photovoltaics particularly attractive to the country’s energy strategy. (11/10/09)
Links: Enfinity India Titan Energy Systems
Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No
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