Mr L N Jhunjhunwala, Chairman Emeritus of the LNJ Bhilwara Group, officially opened the plant with a small ceremony on April 20th on-site at Gajner, south-east of Bikaner, Rajasthan. Anil Yadav, Head of the India Market for REC said, “We are delighted to have provided REC Peak Energy Series solar panels for this project in record time. We expect the plant to operate efficiently for more than 25 years and to reduce CO2 emissions by around 7,272 tons per year.”
The solar farm was built by AEG Power Solutions Group with 23 200 REC solar panels. The ground mounted system is expected to generate around 9 700 MWhrs of clean electricity each year. The system was built in just four months from start to finish!
“The solar panel supplier has to meet specific criteria of performance & reliability and we are happy that REC fulfils all of them,” said Shantanu Agarwal, Executive Director, BMD. “One of the decisive factors for selecting REC solar panels was that we get the maximum yield which in turn translates to more tradable Renewable Energy Certificates (RECs). Since these certificates have a fixed price in a specific time frame, the aim is to maximize the return of investment within this time period and therefore, REC is the right choice.”
REC believes that the Indian solar market has great potential and expects it to grow 1.6 GWs to 1.8 GWs in 2013 due to the National Solar Mission. However, there are political uncertainties and trade disputes causing hesitation is the industry.