Generated electricity will
immediately help reduce energy deficit
First Solar Inc. (FSLR), the world’s biggest thin film solar
module manufacturer and one of the largest developers of utility scale solar
projects worldwide, with a global project pipeline of more than 2500MW, today announced
its first development project in India.
Through its Indian subsidiary, the
company plans to build, 45Megawatt (MW) AC capacity of solar power generation in
the new state of Telangana, which will supply electricity through the grid to
the Southern Power Distribution Company of Telangana State Limited (TSSPDCL), at
a levelized tariff of Rs. 6.49p/kwh for a period of 20 years.
The
project will include construction at two different sites in the Mahabubnagar district,
and is expected to be in commercial operation by May of 2015.
“The
state of Telangana has an energy deficit that demands immediate creation of incremental generation capacity. The excellent solar
resource in the state combined with our CdTe thin film module technology that
is ideally suited for hot climates like India, allows us to bid tariffs that brings
solar energy pricing to parity with diesel/gas and potentially imported coal, for
the consumers across all segments.
We are optimistic that the state will enhance
their plans for creating a higher deployment of solar in the overall energy
mix to address the energy deficit in a sustainable manner” said Sujoy Ghosh,
Country Head, for First Solar India.
Mr. Ghosh said construction of
the project was expected to begin by October of this year.
On
completion, the projects are expected to produce approximately 86,880Mwhrof
electricity each year which will be sufficient to meet the needs of over
92,000 average homes in Telangana.
About First Solar, Inc.
First Solar is a leading global provider of comprehensive
photovoltaic (PV) solar systems which use its advanced module and system
technology. The company’s integrated power plant solutions deliver an
economically attractive alternative to fossil-fuel electricity generation
today.
From raw material sourcing through end-of-life module recycling, First
Solar’s renewable energy systems protect and enhance the environment. For more
information about First Solar, please visit www.firstsolar.com
Contacts
First Solar Media
Deepali Girdhar
+91 8800 843600
For First Solar, Avian Media,
Chennai
Krishna Moorthy - 9442191717
First Solar Investors
David Brady
+1 602-414-9315
dbrady@firstsolar.com
David Brady
+1 602-414-9315
dbrady@firstsolar.com
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