VPSPPL implements one of India’s largest solar photovoltaic projects

Jan. 18, 2012 - PRLog -- Mumbai, 17th January, 2012: Visual Percept Solar Projects Private Limited (VPSPPL), a subsidiary of Talma Chemical Industries Private Limited, which is owned by the Bhanshali family of the ENAM group, has commissioned a 25MW solar photovoltaic power project at Surel Village in the Surendranagar district of Gujarat. Under this project, VPSPPL has signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for a period of 25 years. The project is implemented under Phase II of Gujarat State Solar Power Policy 2009.

Technology
Multi crystalline silicon technology, which comes with a highly established track record has been used for this project, it is also the most reliable technology available.
VPSPPL has procured Solar Modules from China based Hanwha Solar One and China Sun Energy which are the world’s leading Tier I Module Suppliers, also listed on the NASDAQ Stock Exchange, USA. The Inverters have been sourced from Italy based Power One, one of the world’s leading Inverter manufacturers. Sterling & Wilson Ltd, a Shapoorji Pallonji Group company, has been given the mandate of EPC services for this ambitious project.

State Bank of India has been the sole banker to VPSPPL for the project.

Commenting on this occasion, Mr. Vishal Kedia, Director of VPSPPL said, “We are proud and delighted on commissioning one of the largest Multi Crystalline solar plant in South East Asia. Thanks to our strong operating team and support from our technology partners and contractors, we were able to set up the project in record time, which will become the benchmark for the industry. We would also like to extend our sincere thanks to the Gujarat Government for their co-operation at every step on this mammoth achievement.”

“Working in close partnership with Visual Percept Solar Projects Pvt Ltd, Hanwha SolarOne was extremely pleased to provide 12MW of modules toward this momentous solar PV project—the largest in India to date,” said Ki-Joon Hong, chief executive officer of Hanwha SolarOne.

Stephen Cai, CEO of China Sunergy commented on this occasion, “congratulations to Visual Percept on the successful grid connection! We value Visual Percept as our long-term strategic partner in Indian market. The professional solution Visual Percept offers and China Sunergy’s reliable product quality make a solid partnership.  We believe the cooperation will continue to be fruitful in year 2012, promoting and advocating renewable energy usage.”





Mr.Khurshed Daruvala, Managing Director, Sterling and Wilson says “We would like to thank Visual Percept for having the trust and confidence in Sterling and Wilson to deliver one of the most challenging solar projects in India. Their collaborative and concerted approach during the course of the implementation went a long way in completing the 25MW project within a record working time of five months.”

“We are pleased of having been selected by Visual Percept Solar for this important project. The choice of using the modular PVI-330.0 inverter indicates the attention to the maximization of energy production yield, thanks to the superior up time offered by the modular architecture and the granularity of control offered by the multiple maximum power point trackers, that is what you expect from a key player such as Visual Percept Solar.” Says Dr. Alex Levran President of the Renewable Energy Solutions division of Power-One.


About Visual Percept Solar Projects Private Limited

Visual Percept Solar Projects Private Limited is a subsidiary of Talma Chemical Industries Private Limited owned by the Bhanshali family of Enam group. VPSPPL has commissioned a 25MW Multi Crystalline Solar power plant in the state of Gujarat, which is one of the largest in India.

About Hanwha SolarOne

Hanwha SolarOne Co., Ltd.  is a vertically-integrated manufacturer of silicon ingots, wafers, PV cells and modules.  Hanwha SolarOne offers high-quality, reliable products and services at competitive prices.  Partnering with third-party distributors, OEM manufacturers, and system integrators, Hanwha SolarOne serves the utility, commercial, government, and residential markets.  The company maintains a strong presence worldwide, with employees located throughout Europe, North America and Asia, and embraces environmental responsibility and sustainability, with an active role in the voluntary photovoltaic recycling program.  Hanwha Group, Hanwha SolarOne’s strategic partner and largest shareholder, is active in solar project development and financing, and plans to produce polysilicon in the future.  For more information, please visit: http://www.hanwha-solarone.com.

About China Sunergy Co., Ltd.
China Sunergy Co., Ltd. is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets. For more information, please visit our website at http://www.chinasunergy.com.





About Sterling and Wilson Group
Established in 1927, Sterling and Wilson Group, an associate of Shapoorji Pallonji, is India's premier Electrical contracting organization. We are the country's leading turn-key MEP (Mechanical, Electrical & Public Health and Safety) service provider, offering the full gamut of solutions, such as LV & HV electrical systems, HVAC, plumbing, fire systems, EPC, DG sets, etc.


About Power-One
Power-One is the world’s second largest designer and manufacturer of photovoltaic inverters. Its renewable energy products enable the industry’s highest yielding conversion of power from both solar arrays and wind farms for use by utilities and homes. Power-One has a 40 year history as the leader in high efficiency and high density power supply products for a variety of industries including renewable energy, data storage and networking, industrial and network power systems. The company is headquartered in Camarillo, CA and has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is traded on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com.