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CG, CEA to explore India's solar market potential

By Niranjan Mudholkar,

Added 29 January 2016

The companies intend to set up manufacturing facilities using CG’s infrastructure and expertise in India

The Indian government has announced to achieve 100 GW of power generation through Solar PV systems by 2022, current installed solar generation capacity is less than 6 GW.

The expected new PV solar systems market is nearly 13 GW per year. Airports with large stretches of free land offer good opportunity for solar generation. It is estimated that there is a potential of over 500 MW of solar PV generation plants for Airports alone. This makes the collaboration a significant step towards realising the Indian Government's renewable energy goals.

Commenting on this important development, Avantha Group Company CG's CEO & Managing Director, Laurent Demortier said: "We are thrilled to collaborate with CEA. The CEA technology is the most advanced in the renewable sector, combined with the CG capacity to fully industrialise and localise this technology in India, I do believe that we will both build competitive solutions meeting the needs of our customers in India.

"This agreement is in line with the synergies that the two countries - India & France, are exploring and combines CG's infrastructure with CEA's knowhow in the field. This collaboration will help to leverage the huge potential for solar power generation in the country and we look forward to the opportunities this puts forward".
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