BUSINESS

Green power corridors improve solar projects’ outlook

R. Chellappan

R. Chellappan  

Swelect Energy to set up a 20 MW SPV farm

The outlook for evacuation of power from solar projects has improved as the country has started to work for setting up green power corridors, R. Chellappan, Managing Director of Swelect Energy Systems (formerly Numeric Power Systems) said. Swelect Energy, an integrator of solar power systems and manufacturer of solar photovoltaic (SPV) modules and power converters, on Friday announced that it had successfully commissioned a 10 MW solar power project in Tiruchi, Tamil Nadu recently.

Addressing presspersons Mr. Chellappan said this was the first project to receive viability gap funding under the Solar Energy Corporation of India-Jawaharlal Nehru National Solar Mission (SECI-JNNSM) phase-2. The total outlay on the 10 MW project was Rs.50 crore and viability gap funding was provided to the tune of Rs.13.5 crore by the Solar Energy Corporation.

The highlight of the project was that more than 6 MW of the installed capacity of 10 MW SPV modules were turned out by HHV Solar Technologies, a wholly-owned subsidiary of the company in Bengaluru. The high efficiency SPV cells were manufactured locally with 100 per cent domestic content requirement compliance, he said. The power is evacuated through a 33 kV feeder to Tangedco grid. SECI was selling the energy back to Tangedco under a specific power sales agreement at a cost of Rs.5.45 per Kwh, Mr. Chellappan said.

Swelect Energy has been developing power projects for a decade and has installed over 1,700 roof projects, so far, across the country. It has also developed 15 MW modular energy park in Karur (Tamil Nadu). Mr. Chellappan said that the company was in the process of developing a 20 MW SPV farm and several SPV projects for corporates.



Swelect Energy is in the process of developing a 20 MW SPV farm



Recommended for you