INDIA, CHINA PARTNER ON SUN

SunBorne and Suntech to Partner on 100MW of Solar Projects in India
May 3, 2011 (PR Newswire via Suntech)

"SunBorne Energy, a leading specialist in utility scale solar solutions, and Suntech Power Holdings Co., Ltd…, the world's largest producer of solar panels, have entered into a framework agreement for the supply of 100MW of solar panels over the next two years for projects in India.

"Suntech will supply 280Wp polycrystalline silicon modules for projects that will be designed, installed and commissioned by [India’s] SunBorne Energy. The agreement includes an initial order for 10MW of solar panels for a project in Gujarat, India. Through this partnership, SunBorne will deploy proven, world-class solar technology and build local solar expertise to deliver affordable solar power throughout the country…"

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"The solar industry in India has been growing rapidly, backed by government support at both the federal and state level. India has a target to reach a cumulative installation of 2GW of off-grid and 20GW of on-grid PV installations by 2022…

"Solar technology is particularly well suited to address booming energy consumption across India, as total primary energy demand is expected to increase by 3.1% annually from 2008 to 2035…The country's average annual solar insolation is one of the best in the world reaching 2000 sun hours per year in some locations. Solar technology also helps to address peak power shortages, which can be particularly severe during summer months…[when solar panel output] coincides with peak demand hours…"