Suntech Power (STP) To Supply 100MW In Solar Panels To India’s SunBorne Energy

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06:44:04 am on May 3, 2011

When you think of growth in solar installations countries like China, Germany, Italy, Spain & the US come to mind, but you rarely hear mention of India.  I’ve been saying for some time now that will change and in the past year or so we’ve seen a few more announcements of major deals struck in the Indian solar market.  This morning it was announced that Suntech Power (STP) locked up a 100MW solar panel supply deal with SunBorne Energy.  SunBorne is a large utility scale solar developer in India.

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"We’re excited to partner with SunBorne Energy to drive solar industry growth in India," said Dr. Zhengrong Shi, Suntech’s Chairman and CEO. "Currently, one in three people in India lack reliable access to electricity, and the rapid deployment of solar energy has the potential to help close this gap. This project will provide thousands of people in India with clean and affordable power."

With 2000 sun hours per year in many locations in India solar power makes sense particularly in more rural locations where other forms of energy are more costly.  India has targeted off grid installations of 2GW and on grid installations of 20GW within the next 10 years to meet the country’s growing energy demands.

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