Bloomberg News

Voltech Plans India Solar Park to Tap Companies’ Demand

November 15, 2012

Voltech Group, an Indian provider of services to the power industry, plans to set up a solar plant in the southern state of Tamil Nadu to supply companies facing mandatory clean-energy targets.

The Chennai-based company will set up a 2-megawatt farm by March using panels from NanoPV Technologies Inc., the company said in a statement. It plans to expand capacity to 10 megawatts, according to the statement, which didn’t give a timeframe.

Demand for solar power is set to surge in Tamil Nadu after the state announced a policy last month requiring large consumers of electricity, including exporters, manufacturers and operators of telecommunications towers, to source at least 6 percent of their electricity from solar by 2014. India has a national goal of building 20,000 megawatts of sun-powered capacity by 2022.

To contact the reporter on this story: Ganesh Nagarajan in Chennai at gnagarajan1@bloomberg.net

To contact the editor responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net


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