Power News We love to talk!
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.
- GAIL uses Shell's Hazira terminal to import LNG Read more
- ONGC in talks to set up solar grid in Karnataka Read more
- Inox Wind to go ahead with 250 MW Gujarat project Read more
- Renewable energy firm Bhoruka Power in talks to raise $120 million Read more
- We are uncomfortable with the nuclear liability clause: Banmali Agrawala Read more
- Benefits of electricity conservation stress Read more
- PFC forays into Waste-to-Energy, lends Rs 290 crore to largest plant Read more
- Post Vadinar expansion, Essar Oil sees refinery margins matching RIL's Read more
- New software for solar power billing from May in Haryana Read more
- Government to sign oil & gas field contracts on Monday Read more