- To set up 50 MW Solar Farm at the outskirts of Hyderabad
- Exploring Solar Farm projects in Tamlinadu and Maharashtra
- Launches solar power kits & roof top solutions for residential segment
Coimbatore,
January 23, 2013: Shan Solar Pvt. Ltd., the
Bengaluru headquartered Solar PV Modules manufacturer with production facility
at Sri City SEZ, Chitoor
District, Andhra Pradesh (near Chennai), today announced its foray into the
Roof Top Systems with solar power kits for the residential segment. The company
is already in to the Solar farm space and is setting up a 25 MW Solar Project
in Maharashtra and a 50 MW solar farm project at the outskirts of Hyderabad,
the land for which has already been identified and all necessary approvals from
concerned authorities have been obtained.
Following
this, Shan Solar is exploring opportunities to set up a similar commercial
project in Tamilnadu. Among the many options, the company is considering
partnering industry associations to form a special purpose vehicle and manage
the solar farm project on a turnkey basis.
Commenting
on the potential of solar energy, Mr Sury
Singapur, Chairman & Managing Director, Shan Solar, said, “Given the
power crisis faced by many States, we are convinced that solar farms will be
the future as it would not only offer reliable & quality power but also
offers insulation against rising energy costs”. More importantly, he pointed
out, “Over the last few years several technological innovations owing to
focused R & D initiatives have resulted in solar energy generation cost
dropping dramatically. Coupled with this, imaginative fiscal incentives offered
by Governments have lessened the burden of upfront costs of owing Solar
Systems.”
According
to Mr Rajesh Rangarajan, Chief
Marketing Officer and EPC Head, Shan Solar, besides targeting industries, we
are keen to tap residential segment as several cities and towns across the
country face unprecedented power cuts ranging between 2 and 12 hours and in
many cases even longer duration. Solar power kits and roof top solutions will
be the two offerings of Shan Solar that will hit the market in the first week
of March 2013.
Solar
power kits will come in different variants ranging from 500 watts to 5000 watts
and would be reasonably priced to make it affordable. These would be plug and
play systems and would be made available through its Channel partners.
Presently Shan Solar has 8 channel partners in Tamilnadu and has plans to
increase the number to 50 by the end of this year. On the contrary roof top
solutions will be custom built to suit customer requirements. Mr Rajesh pointed
out that the main advantage of rooftop solution is that they can be installed
faster than any other types of renewable energy. Besides generating own
electricity, roof top solutions throws open the possibility of generating additional income to investors as excess
power generated could be connected to the grid, he added.
About
Shan Solar:
Shan
Solar is a innovative renewable energy company with a commitment to
commercialize green technology and power sustainable future. As an end-to-end seamless solar solutions provider, SHAN through its
novel solar solutions is keen to address
energy crisis holistically be it a utility level project or commercial or
residential or turnkey projects. Shan Solar module manufacturing line fully automated and the factory is certified to ISO 9001:2008; ISO 14001, OHSAS 18001 and ISO 50001 standards. The
modules it manufactures comply with IEC 61215; IEC 61730; IEC 61701; Severity 1
and VDE safety standards.
For Media
Queries Contact: Umesh Ramaswamy @+91 94484 63048; umesh@propr.co.in
