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.
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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