CORRECTION - ISOLUX Infrastructure: T-Solar Expands its Operations in India With a €34m Investment
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 €34m 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 €114m in revenues in 2012 and has invested over €1.5bn to date. For further information: http://www.tsolar.com
SOURCE ISOLUX infrastructure
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