Germany headquartered IBC Solar, a global major in photovoltaic (PV) systems and energy storage, has unveiled its first solar park project in Tamil Nadu. The capacity of the plant is 3 MW and it will be operating as per the rules of Open Access Policy which facilitates the operators to carry the electricity from the point of generation to the actual consumption point by accessing the available transmission line. This is IBC Sloar’s first open access project in India.
“This is a very interesting project,” says Shailendra Bebortha, Managing Director of IBC SOLAR in India, “As it combines a lot of unusual factors.” With the unveiling of Tamil Nadu project, IBC Solar’s footprint in India has grown beyond
Rajasthan, Maharashtra and Odisha where it has executed more than half a dozen projects till date.
The solar park has been built near Madurai, for The Peria Karamalai Tea & Produce Co. – a NSE-listed company that belongs to LN Bangur Group. IBC Solar and LN Bangur group have collaborated for other renewable projects in the past. “This project is of immense significance as we have replaced our more than 20-year-old wind project with solar. From now on, 100% of our tea will be manufactured with solar energy,” Shreeyash Bangur, MD of LN Bangur Group commented.
Globally, IBC SOLAR has installed photovoltaic system projects with a cumulative capacity of a staggering over 3.3 gigawatts (GWp) in as many as 30 countries . The company has quite a holistic profile ranging from operating solar parks to feeding into the grid to specific solutions for residential and commercial segments and also developing storage systems. Its partner in the Tamil Nadu project LN Bangur group is an Indian business conglomerate which is also running a dedicated entity for renewable business. On a cumulative basis, the company has nearly 100 MW renewable generation capacity across wind and solar segments with operations mainly in Rajasthan and Tamil Nadu.