A clean energy partnership agreement signed between the government of India and the United States of America is now reaping results.
US-based manufacturers of trackers for solar power modules SunLink has announced a joint venture with an Indian manufacturer of mounting structures. SunLink will work with Ganges Internationale to supply equipment for 1.4 GW of solar power capacity in India.
Ganges Internationale manufactures and supplies fixed tilt mounting structures for solar photovoltaic power projects. With this joint venture with SunLink, the company will likely integrate solar trackers into its mounting structures which will result in increased power generation for the project developers.
The joint venture deal comes only months after India and the United States signed an agreement to facilitate 5.4 GW of solar power capacity installation in India. Apart from SunLink, California-based 8minutenergy was also part of the agreement. While the company does not have a presence in the rapidly growing solar power market of India, it pledged to develop 4 GW capacity in the near future.
Private companies of the United States have been part of India’s solar power growth story since the very beginning. First Solar has been one of the largest suppliers of solar power modules to India and has been active since before the launch of the National Solar Mission in 2010.
SunEdison, which is now engrossed in financial troubles, had 1.4 GW solar power assets – which have now been sold to Greenko Energy Holdings. SunEdison played a major role in driving down solar power tariff in India through aggressive bidding.