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SEP 28 2015

Swelect Energy unit to expand solar PV module capacity

  • Economic Times, ET Bureau / Hyderabad
  • Created: Mon 28th SEP 2015

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.

Tags

Tamil Nadu Chennai Renewable Energy Solar Energy Jawaharlal Nehru National Solar Mission Ministry of New and Renewable Energy Energy United States National Solar Mission Photovoltaic modules Europe Power India solar power Solar Solar Energy Corporation Of India

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