Gujarat, India [RenewableEnergyWorld.com] Topsun Energy Ltd., a solar module manufacturer and turnkey solar photovoltaic power plant solution provider company is planning to build a 5-megawatt (MW) grid connected power plant in state of Gujarat, India.
The company has sought clearance from the state government for 5-MW project and construction is likely to start in next 2 months with completion expected by the end of 2010.
The estimated investment in the project is expected to be more than INR 1 billion [US $21.6 milion] with system life of 25 years.
Topsun says that it is confident that in the coming years it will be implementing more and larger projects related to the harnessing of solar energy.
This project is one of many planned in India in order to meet the county’s solar goals. The Indian government’s Cabinet recently approved its National Solar Mission, which targets the development of deploying at least 20 gigawatts (GW) of solar projects by 2020.
The plan is expected to cost close to US $19 billion and the government will spend the money on different types of incentives for both the production and installation of solar systems. They also plan to support research and development in the field and offers other incentives to utilities. The plan will be divided into three phases, the first of which will include the installation of 1-1.5 GW by 2012.