Credentials of winning bidders – Badala Adani Solar Park 250 MW

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  1. Paschal Energy Group Limited – 50 MW (Rs. 2.62/ unit)

Paschal Phelan : Founder and Executive Chairman of Phelan Energy Group

Originally from Ireland, Mr. Phelan worked in the banking sector in Sydney, Australia joined as the European Foreign Trade Director for the Irish Government Food Export Agency, Brussels.

Early 80s, he established his own food manufacturing export company in Ireland, which went on to become one of the most innovative and successful Irish companies of that decade. Following this, Mr Phelan went on to invest in various thriving food-related businesses in the USA, UK and Russia.

With his relocation to Cape Town in 2002, he intended to retire. However, when he realized that there was an opportunity within the energy sector to provide solutions to South Africa’s energy and employment challenges (two of his greatest passions), he formed Phelan Holdings SA.  He subsequently created Solar Capital which is shareholder, developer, project manager and joint O&M contractor of the largest solar farm (175MW) in the Southern Hemisphere, Africa and the Middle East.

Access site for more details about solar capital http://www.phelanenergygroup.com/

 

  1. Avaada – 100 MW Rs. 2.62 / unit  (Looks to be Wel Spun)

Making a aggressive journey towards sustainable energy in the country initiating mega projects to meet future challenges.

The team posses the experience and expertise of building and operating some of the biggest solar and wind projects across 10 geographically and culturally diverse states in the country.

Avaada’s vision is to generate clean and sustainable energy and set up environment-friendly power plants across the country aiming to harnessing the abundant resource of wind and solar energy in India.

In near time frame Avaada aims to win mega projects and build to generate thousands of mega watts of power in a phased manner. The engineering team already demonstrated the ability to design, engineer and build MW scale solar energy projects and built India’s largest portfolio of solar power projects, aggregating to ~1 GW capacities. Our track-record vouches for delivering path-breaking solar and wind power solutions in terms of technology, capacity, quality, execution speed and affordable cost of ownership.

Setting high benchmarks with adoption of disruptive technologies AVAADA built credibility nationally and internationally by delivering projects within budgeted time and cost backed by credentials and the trust of stakeholders.

  1. SBG Clean Tech Pvt. Ltd. – 100 MW (Rs. 2.63 / unit)
To invest in solar and wind energy projects to promote clean and safe energy in India
 
Japan headquartered telecommunications and Internet major SoftBank Corp. (“SoftBank”), leading Indian business conglomerate Bharti Enterprises Limited (“Bharti”) and Taiwan-based top design and manufacturing services provider Foxconn Technology Group (“Foxconn”), constituted joint venture, SBG Cleantech Limited (“SBG Cleantech”) to promote the adoption of clean and safe energy in India and decided all three companies will jointly invest in the venture
 
SBG Cleantech will be a harbinger of solar and wind energy. Following the Indian Prime Minister’s 100GW solar and 60GW wind target by 2022, the venture will invest in and develop renewable energy plants across India. SBG Cleantech is committed to contributing to the Government of India’s mission of 24×7 power for all and the renewable energy target by 2022. The company intends to participate in the 2015-17 round of solar power plant tenders ‎under the National Solar Mission (NSM) program and state-specific solar programs.
 
Given its vast population, high irradiation, growing energy demand and power deficit, limited access to fossil fuels and a large number of unlit villages, India has great potential to be a major solar market.
 
India has achieved a base of 3.7 GW of solar power, evolved its policies and created a solar ecosystem of installers, manufacturers, developers, financiers and researchers. For a country of India’s size and promise, this can only be a first step.
 
Masayoshi Son, Chairman & CEO of SoftBank, said, “Our eyes are trained on India, given the vast potential that the country offers. We have already made considerable investments in the technology sector here. With this partnership, our goal is to create a market-leading ‎clean energy company, to fuel India’s growth with clean and renewable sources of energy. We have joined hands with Bharti Enterprises and Foxconn, two leaders in their respective markets for this venture that will propel India into the future.”
 
Added Sunil Bharti Mittal, Chairman, Bharti Enterprises, “At Bharti, we believe in projects that have a transformational impact on society. In line with this vision, we are participating in a renewable energy venture with SoftBank and Foxconn which has the potential to transform the Indian economy. This project will immensely contribute to the Hon’ble Prime Minister’s vision of meeting the country’s energy demands through clean sources. Just as mobile phones have connected every Indian, renewable power has the potential to provide every Indian with access to electricity, SBG Cleantech underlines our commitment to India’s growth plans not only by eliminating energy deficit but also providing clean environment to the future generations of India.”
 
Terry Gou, Founder and CEO, Foxconn Technology Group, said, “As a leading global technology company, Foxconn is committed to fulfilling our social and environmental responsibilities (SER) and investing in areas that link technology with sustainable growth in a way that also protects the environment.  Harnessing renewable energy is a key pillar in our SER strategy and we are excited to join our industry partners, SoftBank and Bharti, in championing clean energy solutions in India through SBG Cleantech, and supporting the country’s efforts to grow its renewable energy industry.”
 
SBG Cleantech has Manoj Kohli, a Bharti veteran, who until recently led Bharti’s emerging businesses, as Executive Chairman and Raman Nanda, as the CEO. The company is headquartered in Delhi.
 
Solar in India is likely to grow @ 250% in 2015 – 17.

 

 

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