Companies working together to develop lightweight and BIPV rooftop PV applications for India
Key Highlights:
- SoloPower and Bharat Light and Power sign long-term collaboration agreement
- First commercial project secured for New Delhi area
- Agreement represents entry into significant target market in India
SoloPower Systems (“SoloPower”), the photovoltaic technology company specializing in the design, manufacture and deployment of CIGS flexible thin-film solar technology, announces today that Bharat Light and Power (“BLP”), a leader in the Indian renewable energy industry, has signed a collaboration agreement with SoloPower for utilizing its advanced technology panels in the Indian rooftop PV market.
SoloPower will supply products for both existing and new roof applications, including the deployment of building-integrated photovoltaics (BIPV), while BLP will provide total energy solutions for customers through its group companies.
BLP and SoloPower have secured their first project with a leading Indian conglomerate. The fifty kilowatt solar PV system is expected to be operational by late spring.
Commenting on the agreement, Tejpreet S. Chopra, CEO of BLP, said: “We are partnering with SoloPower as they have a unique technology that will open up the Indian market for multiple segments including light weight PV and BIPV. We already have an established business developing utility scale renewable projects and have expanded into the distributed generation market as the next big wave of innovation within the Indian PV market. Our government has targeted 40 GW of rooftop PV by 2020 and our newly established partnership with SoloPower will be part of the solution in helping India achieve this goal through disruptive technologies.”
Rob Campbell, CEO of SoloPower, added: “India represents a huge opportunity for our technology and has all the key criteria that we are looking for in a target market in terms of scale, need for LPV solutions and strong macro drivers. BLP is an excellent partner for SoloPower in India, they have a strong market position, understand the business and are focused on developing the distributed generation market. We see tremendous long-term potential within India to help drive our overall growth and are very pleased to be working with the BLP team”.
About SoloPower Systems:
SoloPower Systems is a photovoltaic technology company specializing in the design, manufacture and deployment of CIGS flexible thin-film solar technology. Further information about the company can be found at www.SoloPower.com.
About Bharat Light and Power:
Bharat Light and Power (“Bharat Light & Power Pvt Ltd (BLP Group)”) is one of the leading renewable energy generation and technology companies in India. BLP Energy (BLP), part of the BLP Group has a partnership with Enel Green Power. The company builds, owns and operates utility scale renewable energy power plants to generate clean energy through wind and solar technologies. The BLP Group also provides distributed solar solutions to large corporates, industries and institutions in India through its JV – Statkraft BLP Solar Solutions. In addition, the BLP Group through its Orion platform provides monitoring, reporting and predictive intelligence solutions to global utilities through its control centre in Bangalore by leveraging big data, the cloud, mobility and advanced analytics. This enables Orion’s customers to build smarter operations, better real time visualization and improve operational efficiency of the renewable power plants
Enquiries:
Buchanan (UK PR)
Ben Romney +44 (0)20 7466 5000| benr@buchanan.uk.com
Antenna (US PR)
Kimberly Setliff +1 415 977 1942| solopowersystems@antennagroup.com
BLP
Tarun Kumar +91 99 10 777 986| tarun.kumar@blp.co.in
Forward-looking Statements
This press release contains forward-looking statements, which are identified by, among other words, “expects,” “anticipates,” “will” and similar words. Forward-looking statements include SoloPower’s expectations as to if or when the initial commercial pilot project will be completed. Results may differ from those expected due to a number of factors.