The announcement comes just days after Gujarat Chief Minister Narendra Modi criticized Indian Prime Minister Manmohan Singh for ignoring his suggestion that India should take lead in the solar energy sector.
Modi has been a vocal advocate for “Sun-Son,” a concept based on the idea of collaboration by all the countries having abundant of sunlight to create a research and development fund to exploit solar energy and starting of a capital subsidy scheme for generation of solar energy.
Since January 2009, the state has awarded 716 MW in solar projects to companies, according to the website of the Gujarat Energy Development Agency.
Little wonder then that Ku Jun Heong, director of sales and marketing for Trina Solar (Asia Pacific) said that India is one of the most promising solar growth markets.
“India is one of the most promising solar growth markets, announcing its goal to achieve 22 GW of solar energy by end of 2022,” Heong said. “We believe our partnership with Lanco will play a significant role in fulfilling India's solar potential under the National Solar Mission.”
For his part, Sai Baba, CEO of Lanco Solar, suggested the best is yet to come.
“Leveraging our in-house expertise to establish and grow Lanco as a leader in the solar industry, we hope to strengthen our partnership with Trina Solar to provide sustainable, innovative and cost effective energy solutions,” he said.
On the heals of the Gujarat announcement, Trina Solar said Monday that it plans to invest about $800 million (€598 million) over the next three years in research and development facilities.
The Chinese PV solar manufacturer said the investment in the Changzhou Trina PV Park will help expand the company's manufacturing capacity. This year, Trina will ship about 1 GW of solar modules, more than double its 2009 output, or a 151 percent increase, the company said.
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