T-Solar Continues its International Expansion With the Construction of 61 MW in India and Peru

MADRID, October 27, 2011 /PRNewswire/ --

• T-Solar is the first Spanish company to connect a solar power plant to the Indian grid
• Total capex for the 4 new projects is €156m
• T-Solar has over 230 MW under operation or construction in Spain, Italy, India and Peru

The T-Solar Group, a major solar-PV power generator world-wide, is continuing its international expansion with the construction of a further 61 MW in Peru and India.

     (Photo: http://www.newscom.com/cgi-bin/prnh/20111027/490934 )

The group, which already has over 230 MW under operation and construction in Spain, Italy, India and Peru, has just brought its first PV power plant (5 MW) in India online. The new plant uses thin-film amorphous silicon panels produced in the company's state-of-the-art factory in Galicia (Spain).

It is located near the city of Jodhupur, in the state of Rajasthan, from which it will be feeding 8.5 GWh a year into the country's national electricity grid. It is the first photovoltaic power plant to be brought online by a Spanish company in India, and also one of the first to be commissioned within the framework of the Jawaharlal Nehru National Solar Mission (JNNSM).

17.3 MW in India

The plant was developed by T-Solar and Astonfield Renewable Resources under a joint-venture agreement they signed last June to roll out photovoltaic power projects. Before year-end, T-Solar and Astonfield will connect their second photovoltaic power plant to the grid on the Indian subcontinent, this time in the Patan district in the state of Gujarat.

The new plant, with an installed capacity of 12.3 MW, will generate 19.4 GWh a year, which will be uploaded into the national electricity grid in a country where demand for electricity is growing as fast as its economy.

The investment in both projects is €38m. The two power plants will generate sufficient power to supply over 43,000 Indian homes.

44 MW under construction in Peru

Along with India, Peru is one of the locations in which T-Solar is focusing its international expansion. In 2010, the company was awarded a 20-year contract to supply the Peruvian government with the 44 MW output of two photovoltaic plants located in the Arequipa region in southern Peru.

The two new plants will be T-Solar's first large-scale projects in the country. They will also use the thin-film amorphous hydrogenated silicon modules produced by the Group to generate 80 GWh a year: sufficient power to supply over 18,000 Peruvian homes. The company is planning to bring them online in June 2012.

A total of €118m will be invested in both projects, partially financed by the American agency, Overseas Private Investment Corporation (OPIC).

ABOUT T-SOLAR

T-Solar is a major independent producer of photovoltaic solar energy world-wide. A subsidiary of the Isolux Corsan Group, it has 173 MWp installed capacity already online in 43 plants located in Spain (34), Italy (8) and India (1), plus a further 55 MW under construction in India and Peru. Its solar photovoltaic plants generate over 250 GWh a year. This is equivalent to the average electricity consumption of a town with 51,000 households. T-Solar earned revenues of €110.2m in 2010. The company's 2010 business plan had a total capex of €1.16 bn. Its factory in Orense (Galicia, Spain) produces the largest PV modules in the market (5.7m2) using amorphous hydrogenated silicon thin-film technology to reduce costs and boost performance ratios. The factory is fully automated and fitted out with leading-edge technology. It has an output capacity of 50 MW a year, equivalent to 700,000 m²  of solar panels. For further information, visit the website:  http://www.tsolar.com

SOURCE T-Solar