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Enfinity has announced plans to collaborate on developing, financing and constructing 1 gigawatt (GW) of solar photvoltaic (PV) installations on 3000 acres of land in Andhra Pradesh, India in the next five years. Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC) will lease land in the villages of Thumalla, Dademavaripalli, Pulikuntapalli, Karimireddypalli and Lokogipalli, and at the industrial park of Amadugur near Kadiri for the project.
The government has set a solar goal of 20 GW by 2020, 100 GW by 2030 and 200 GW by 2050.
Enfinity will develop and finance this project while Titan Energy Systems will act as a contractor and supplier of the PV Modules. Enfinity and Titan will establish an SPV (Special Purpose Vehicle) for the project.
“This collaboration is of major strategic importance in the further development of our activities in the high potential PV market in India”, said Gino Van Neer, Founder of Enfinity and CEO of Enfinity Asia.
India’s National Solar Plan is expected to push the market along starting this month when it takes effect. The government has set a solar goal of 20 GW by 2020, 100 GW by 2030 and 200 GW by 2050.
The country’s rapidly rising primary energy and electricity needs, the country’s over dependence on coal for electricity generation and the exceptional irradiation with most parts of the country enjoying 300 sunny days a year, make PV particularly attractive to the country’s energy strategy.
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