Nur Energie has established a partnership with one of the largest EPC companies in India to bid in upcoming tenders to develop a new pipeline of PV projects.
In India, Nur Energie has signed a Joint Development Agreement with a leading Indian EPC conglomerate to support Nur in developing a significant pipeline of solar PV projects in the rapidly expanding Indian market. The local partner will assume the role of EPC and O&M contractor for the projects. The partnership will be supported by Nur Energie’s major shareholder Low Carbon Ltd a major investor in renewable energy.
Nur Energie, with its local partner will develop a significant pipeline of PV projects under the National Solar Mission, through both National and State tenders. Together the partnership will build long term relationships with Indian institutions to support the growth of the pipeline in India.
In order to support this growth Nur will be leveraging off the partners in depth experience and understanding of the India power markets through its team which has executed upwards of 200+ projects in 120+ countries, including over 7,500MW of thermal energy projects and around 50MW of PV projects.
Indian National Solar Mission
The Jawaharlal Nehru National Solar Mission (also known as the National Solar Mission) was inaugurated by former Prime Minister of India, Dr Manmohan Singh on 11th January, 2010. The initiative was set up by the Government and State Governments of India to promote the development of solar technologies in the region and address the challenges of India’s growing energy demand.
The aggressive solar strategy has a target of reaching 100GW by 2022, making the Indian market the fastest growing solar market in the world. The IEA predicts that by 2020, 327 GW of power generation capacity will be needed to accommodate India`s growing economy and population. This would imply an addition of 16 GW per year. This urgent need reflects the aggressive plan to generate 100GW from Solar by 2022.
On 20th October 2015 the total commissioned solar in India reached 4,575 MW.
Solar Resource Map of India, Source: NREL, National Renewable Energy Laboratory