Intersolar Europe 2017: Arcor partners Ezon to develop 50MW of solar in India

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The agreement for projects in Karnataka was made at Intersolar Europe in Munich today. Flickr: Vinoth Chandar

New York-headquartered renewables project developer and EPC firm Arcor has partnered with Indian firm Ezon Energy Solutions to develop 50MW of solar PV projects in the Indian state of Karnataka.

The agreement was made at Intersolar Europe in Munich on Wednesday. Arcor, a subsidiary of Singaporean corporation Seul Holding already has an office in India. Ezon is based in Coimbatore, India, specialising in solar and micro wind power and EPC.

The loan for the new portfolio has already been secured and the first 14MW phase of construction will start by June. Both firms will work together on constructing and commissioning the projects

Cagri Seymen, board member of Arcor, said: “[The] Indian solar market has a significant importance for Arcor’s global expansion goals and we have been working to develop a robust portfolio in India. This agreement enables us to grow our presence and develop a sustainable pipeline in India. Together with our strategic partner, we aim to establish a working model that will continue to provide reliable, sustainable and clean energy to India and ensure our long-term success and reliability in the Indian energy market for years to come.”

Hiten Shah, vice-chairman of Ezon, said: “The strategic partnership with Arcor is an important step in realizing our growth ambitions in the Indian solar energy market.”

Consultancy firm Bridge to India recently blogged for PV Tech on how southern India represents a test case for grid integration of variable renewable energy

Read Next

June 8, 2021
A round-up of the latest project news, as Mytilineos is chosen as EPC for a project in Uzbekistan, Clenergy forms a deal with the local Kongtong government for 150MW and CleanCapital teams up with CI Renewables for a 29MW portfolio.
June 7, 2021
India’s rising renewable power capacity could render the country’s 33GW of coal-fired power plants under construction unviable.
June 3, 2021
Oslo headquartered renewable power producer Scatec has announced a new partnership with ACME to develop a 900MW solar power plant in the state of Rajasthan, India.
May 28, 2021
India installed just over 2GW of solar in Q1 2021 as the country rebounded from COVID-19 related delays, however full-year installs could fall to well below previous estimates, one forecast suggests.
May 25, 2021
Solar contractor iSun’s pre-tax earnings fell further at the start of 2021 compared to the same period last year, while its gross margin took a hit due to project delays brought on by COVID-19.
May 18, 2021
Indian authorities have launched an anti-dumping investigation into imports of solar cells from China, Thailand and Vietnam following an application filed by the Indian Solar Manufacturers Association.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021