23 March 2011

Abound partners with Solarsis for Indian PV market

Cadmium telluride (CdTe) thin-film photovoltaic (PV) solar module maker Abound Solar of Loveland, CO, USA has announced a long-term sales agreement with Solar Integration Systems India Pvt Ltd (Solarsis) of Hyderabad to serve project developers in the Indian market.

Solarsis will also establish a test facility to optimize balance of system (BoS) designs around Abound’s modules that will lower total system costs for customers. The first project under this agreement will be a 1MW ground-mount array in Ananthapur in the state of Andhra Pradesh.

Abound Solar recently closed on a $400m loan guarantee from the US Department of Energy (DOE) to fund the expansion of its manufacturing capacity and help cater to demand for its products in emerging markets such as India. As a solar system integrator with more than 150 years of combined management experience, Solarsis undertakes design, installation and project management of photovoltaic solar solutions using a five-step integration process that includes comprehensive financing with debt and equity support.

“Abound Solar’s thin-film modules are ideally suited for environmental conditions found across India: high temperatures and diffuse light conditions,” says Solarsis’ CEO Venkat Rajaraman. “The combination of thin-film technology and high performance in a low-cost module and our experience in integrating BoS components allow us to deliver strong financial returns to our customers,” he adds.

“We are extremely excited to work with Solarsis as a preferred system integration partner for India,” says Julian Hawkins, senior VP of sales & marketing for Abound Solar. “The company’s position as a leader in the Indian solar market represents a great opportunity for Abound Solar as we work to develop our presence in the quickly growing market.”

According to a recent report published by Research and Markets, India promises to become one of the world’s largest photovoltaic solar energy markets, partly because the country has some of the best solar resources in the world. In November 2009, the Indian government announced the National Solar Mission, targeting 20,000MW of cumulative installed solar power by 2022. Average year-on-year growth of 68% will be needed to reach this target, mostly from grid-connected projects. Solar Mission should also create tens of thousands of jobs.

Tags: Abound Solar CdTe thin-film PV

Visit: www.abound.com

Visit: www.solarsis.in

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