10MW solar project in India

18 August 2009

Zebasolar, as U.S based solar developer, is proud to have been chosen out of the numerous applicants as one of the allotted companies for India’s first major allocation of Solar farms in the State of Guajrat. The 743MW award of Solar concessions thus far is the largest in India and one of the largest allocations in the world to date by a Government.

Zebasolar, as U.S based solar developer, is proud to have been chosen out of the numerous applicants as one of the allotted companies for India’s first major allocation of Solar farms in the State of Guajrat. The 743MW award of Solar concessions thus far is the largest in India and one of the largest allocations in the world to date by a Government. The Gujarat PV Project involves an investment of €35 million. This plant will have an annual power production of 16.37 million kWh, and a franchised operation term of 25 years. This win, the first for Zebasolar in India, is on the heels of more than 500MW of Solar plant applications the company has made in various Indian states in early 2009.

In late January 2009, The Gujarat State Energy Agency (GEDA) planned an open tender to confirm the on-grid electricity price and technical solutions. An estimated total of 70 International majors and domestic energy players bid for with over 5,400 MW worth of tendered applications.

"We are very proud to have won our concession in The State of Gujarat, we commend the Honourable Chief Minister of the State, Mr. Narendra Modi as well as the Secretary of Energy Mr. Jagdeesan, for their vision and foresight in bringing Gujarat as the State which is not only leading the push in India to go Green, but also making an impact on the world market by announcing a concession of this size, Zebasolar will bring its partners and technology to ensure that the State succeeds in its plans and initiatives and helping India become a renewable energy leader", stated Shahal Khan, founder and president of Zebasolar.

Construction will start by the end of 2009, and the project is estimated to be fully operational in mid-2010, supply the State with clean and efficient solar power.

The sudden boom in alternative energy in India is due to India’s National Solar Mission, which was approved by the Council on Climate Change earlier last week. India hopes to expand their solar energy yield from the current 3MW to 20GW by 2020, and by 200 GW by 2050. The thirty year plan will cost the government $20 billion, and greatly increase solar interests in India.