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Swelect Energy Systems, a Chennai-based integrator of solar energy systems and photovoltaic modules manufacturer, is more than doubling its PV module production capacity.
The expanded capacity will go on stream in mid-October at its subsidiary unit HHV Solar Technologies in Bengaluru. The expanded capacity will be 100 MW a year compared with 40 MW previously. It has invested about Rs. 15 crore in the expansion to make polycrystalline and mono-crystalline modules.
This will help it tap the growing domestic market for roof-top and utility scale projects and tap the markets in the US and Europe, according to R Chellappan, Managing Director, Swelect Energy.
Addressing mediapersons, he said the company has the certifications needed to tap the UK, Germany, Europe and the US markets. It hopes to target about 20-30 per cent of the module for export markets. Swelect Energy, which is listed on the NSE and the BSE, is also seeing a demand for retrofitting the inverters with solar back-up systems. The demand for industrial roof-top systems of up to 100 kV is also on the increase.
The company recently commissioned a 10-MW solar power project with viability gap funding from the Ministry of New and Renewable Energy.
The project under the Solar Energy Corporation of India – Jawaharlal Nehru National Solar Mission is in Tiruchi district and is the first to be commissioned in Tamil Nadu under the scheme.
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