T-Solar Expands its Operations in India With a EUR38m Investment
MADRID, February 6, 2013 /PRNewswire/ –
- It was the first Spanish company to connect a solar energy plant to the Indian grid and now has two plants in the country - The new Gujarat plant has 96,885 panels mounted over a site of 36.4 hectares - The T-Solar Group develops and manages over 284 MW in Spain, Italy, India, Peru, the USA and Puerto Rico.
The T-Solar Group, a major independent power producer of photo-voltaic solar energy,
has just connected up its second PV power plant in India. This milestone is part of the
company’s strategic growth plan for India.
The new plant in Nayaka (Gujarat), with an installed capacity of 12.3 MWp, will
generate 19.4 GWh a year. It will help the country’s national grid to meet a demand for
electricity that is increasing as fast as the Indian economy is growing. The power plant
consists of 96,885 panels installed over a 36.4 hectare site.
T-Solar also has another 5 MWp photo-voltaic power plant in Osiyan (Rajasthan) that
has been operational since October 2011, providing the electricity grid with 8.5 GWh a
year. It was the first photo-electric power plant to be connected to the Indian grid by a
Spanish company and one of the first to come on line under the Jawaharlal Nehru National
Solar Mission (JNNSM).
The total investment in these to photo-voltaic projects amounts to EUR38m and they
generate enough energy to supply over 49,000 people.
T-Solar is consolidating its operations in a market with enormous potential for the
immediate future. India’s energy requirements together with its growth make it an
outstanding setting for photo-voltaic investment, as the scalability, rapid installation
and simplicity of this technology make it highly beneficial to the country.
T-Solar is a major independent power producer of photo-voltaic solar electricity. The
Isolux Infrastructure subsidiary has 284.5 MWp under operation and development in Spain,
Italy, India, Peru, United States and Puerto Rico. Its operational photo-voltaic solar
power plants generate over 320 GWh a year, the equivalent to the average annual
electricity consumption of a town of 113,004 inhabitants. The T-Solar group earned EUR114m
in revenues in 2012 and has invested over EUR1.5bn to date. For further information:
SOURCE ISOLUX infrastructure