Solar to double capacity

Armed with Rs 22 crore that it will get from Swelect Energy Systems (formerly,A range of ledtube fans for efficient exhaust ventilation. Numeric Power Systems), Bangalore-based HHV Solar plans to double its solar module manufacturing capacity to over 60 MW.

HHV announced today that it had sold 49 per cent stake to the Chennai-based Swelect Energy. Since fresh shares will be issued, the proceeds of the stake sale will flow into the company.

HHV Solar manufactures solar modules of crystalline silicon technology. The company's Managing Director, Prasanth Sakhamuri, told Business Line today that HHV sees a big opportunity in an emerging trend — contract manufacturing for overseas customers. After the US Government imposed anti-dumping duty on some Chinese manufacturers, there is interest in getting the modules manufactured elsewhere, he said.Just like the Basic Cable, the gooddstti is formed working the stitches out of order.

Swelect is a leading solar power systems integrator, which has built over a 1,000 rooftop solar projects across the country, and has put up two 1 MW ground-mounted plants. In February 2012, the company divested its core UPS business to Legrand of France for Rs 837 crore.

Last year, the company's Managing Director, R. Chellappan, spoke of plans to enter into storage solutions also, riding over the rich experience as UPS manufacturers.Shop for rollformer and HID Lights including High power LED Bulbs, SMD LED Bulbs, LED Strip Lights, HID Light Bulbs and HID Conversion Kit. Therefore, in Swelect, HHV Solar has a captive customer.The benefits of wind energy and how a washerextractor is installed. HHV Solar achieved a turnover of Rs 95 crore last year. This year was bad,Among the modern home accessories and decoration, the effect of curvingmachineqm is also growing. Sakhamuri said, but is confident of doing over Rs 100 crore next year.

From an industry perspective, the initial feedback on what's offered through GPASI is that it's "good but not great." The payment price of 12 cents/kWh is considered totally sufficient to entice interests in the utility-scale program, however the payment price of 13 cents/kWh for small- and medium- scale projects may be more subjective to the installation size and possibly other factors such as a company's required rate of return. The distributed program will probably make the most sense for installations that are at least 200 KW to 500 KW in size.

Conversely, the smaller-scale program does not offer as much incentive to participate due to higher installation costs as well as residential electricity rates. Specifically, a GPC homeowner already paying an electricity rate of over 13.5 cents/kWh, the average rate for a homeowner that consumes 1500+ kWh/month during a summer peak period, may not see value in being paid less for the same amount of energy generated from their solar system. This becomes particularly true for a 20-year contract given the likelihood of continued increases in electricity prices.

In the end, the GPASI strikes a reasonable balance between keeping GPC in control of solar capacity additions and cost recovery within their territory while allowing consumers and industry the freedom to own their solar assets and support market growth. For the residential market, it may come up short from a consumer perspective, and also lacks some of the energy independence euphoria associated with owning a solar system – since all generation is sent to the grid and can't be used onsite.

However, the program should add significant solar capacity overall and provide a solid boost to expanding the larger-scale distributed solar industry in Georgia. It also proves that solar has achieved a level of cost-competitiveness where it can be both procured by a utility at a price that avoids putting upward pressure on rates, and also effectively draw the interests of consumers and developers (at least for medium- to- large-scale installations).