All energy from the project will be consumed in Tamil Nadu under a Group Captive Scheme. Credit: NEXTracker
Solar tracking manufacturer NEXTracker has bagged an order to supply 30MW of its advanced NX Horizon single-axis trackers to Indian developer CleanMax’s 30MW solar project in the state of Tamil Nadu.
CleanMax specialises in providing solar to corporate consumers. All energy from the project will be consumed in Tamil Nadu under a Group Captive Scheme, earmarking the plant for collective usage by many commercial consumers. In this case, power will be transmitted to a major IT consumer in Chennai.
The system is expected to be operational by the end of Q1 2017.
After a slow start compared to fixed rack systems, India’s solar tracker market is expected to grow exponentially to reach 31% by 2021, up from 7% in 2016, according to GTM Research figures. Now, many developers are interested in solar tracking systems for private power purchase agreements (PPAs), said a NEXTracker release.
The firm recently supplied India’s largest solar tracker project to date, Adani's 105MW plant in Punjab.
NEXTracker chief executive, Dan Shugar, said: “In the five years since its inception, CleanMax Solar has assembled an impressive portfolio of global industrial corporations to which it is providing clean energy generation. Our advanced solar tracker technology and experience in the India market will complement CleanMax Solar’s efforts to accelerate India’s private sector adoption of renewable power generation.”
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.