DuPont Apollo Supplies Solar Modules for Yantra E Solar India Five Megawatt Power Plant |
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Press release date: June 27, 2012
HYDERABAD, India- DuPont Apollo, a wholly owned subsidiary of DuPont specializing in silicon-based thin film photovoltaic (PV) technology, has recently supplied PV modules capable of generating five megawatts (MW) of electricity to a solar power plant in Gujarat owned by Yantra eSolar India Pvt Ltd., a leading provider of renewable energy in India. Approved under Gujarat State Government Policy, the solar plant is scheduled to be grid connected before the end of August, 2012.
"We chose DuPont Apollo silicon based thin film photovoltaic modules for their exceptional reliability to perform even under the tough hot and humid climatic conditions in India," said Nixon Patel, founder and managing director of Yantra eSolar India. "We expect our solar power business will continue to expand to 28 states and 7 union territories by 2020, so choosing the right partner to work with hand-in-hand for the long term is especially vital to ensure business success and return on investment."
The solar plant is located on 35 acres in Village Charankha, Santalpur Taluk, Patan District in Gujarat State. Upon project completion and commissioning, the five MW solar plant project is estimated to generate 8 million kilowatt hours of electricity, offsetting 8,000 tonnes of carbon emission per year. In addition to supplying PV modules, DuPont Apollo also provided a broader scope of services to this project including debt financing channeling, balance of system components recommendation and qualification, reference system design, design verification and project management consultation.
"DuPont Apollo is pleased to work with Yantra eSolar India to provide our solar farm expertise and reliable, high energy yielding thin film PV modules to develop a sustainable energy solution that will help the state of Gujarat and the India nation meet increasing energy needs while reducing their carbon footprint," said Chuck Xu, chief executive officer, DuPont Apollo. "Through collaboration with local partners, we hope together to build a solid base for scaling up solar power generation to cope with India's rapidly growing electricity demand. We look forward to further collaborating with Yantra on solar farm projects to support the country's renewable energy goal."
Yantra eSolar India Pvt Ltd aims to empower the world's developing communities through the application of solar energy technologies. The company is becoming India's leading provider of renewable energy generated by advanced solar PV technologies and products and services catering towards the solar energy eco-system, with projects potentially spanning all 28 states and 7 union territories, by 2020.
According to World Bank, India must increase electricity production fivefold to keep up with the country's development and demand within 25 years. The nation is eager to diversify its energy mix by adopting energy technologies which is sustainable and have minimal impact on the environment, and has decided to increase the capacity of solar power to 22GW by 2022, including grid-connected and off-grid.
Incorporated in early 2008 in both Hong Kong and Shenzhen, Du Pont Apollo Limited (DuPont Apollo) is a wholly owned subsidiary of DuPont specializing in silicon-based thin film photovoltaic modules. For more information, please visit http://www.apollo.dupont.com.
DuPont is applying the power of its science to help reduce the world's dependence on fossil fuels. DuPont has a range of market-leading products that serve the renewable energy industry, including enabling materials for photovoltaics, biofuels, renewably sourced materials and technologies engineered to improve energy efficiency.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.
Contacts:
Du Pont Apollo Ltd.
Trin Au
+852-3664 3118
Trin-SF.Au@dupont.com
Yantra eSolarIndia Pvt Ltd.
Nixon Patel
+91-40 4475 9000 / +1-732 297 0461
nixon.patel@yantraesolarindia.com
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