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Maharishi Solar Technology to set up solar power plants in Germany
2006/07/13 15:25
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Global Good News
| Maharishi Solar Technology www.maharishisolar.com |
Maharishi Solar Technology to set up solar power plants in Germany
by Global Good News staff writer
Global Good News
New Delhi, India, 14 July 2006
India's Maharishi Solar Technology Private Limited (MST) has entered into an ambitious joint venture agreement with a fast-growing upcoming German company, Henwin GmbH, to set up solar power plants in Germany. The prestigious project will seek to meet non-conventional energy needs in the country.
According to the agreement these plants will use MST's Solar Modules, while the German firm will look after the installation and maintenance of these power plants. These power plants will have the capacity of 30 kilowatts to 5 megawatts. The power generated by these plants will be sold to the grid.
The president of MST, Mr Ajay Prakash Shrivastava, said that these plants will give a new fillip to the non-conventional sources of energy in Germany.
Quoting the European Renewable Energy Council, he said that at present the contribution of solar power to overall energy needs is just one percent, but it is likely to touch 8 percent by 2030. Based on this prediction, the company has great prospects and may compete with the global companies in the future.
The German government, as per the Photovoltaic (PV) policy, does not give any subsidy or grant for capital expense, but the buyers purchase the power at the rate 5 times the normal tariff.
Mr Shrivastava encouraged the Indian government to adopt similar incentives for power generation to make it more lucrative for the producers. In India there is subsidy at the time of installation, which could encourage less fly-by-night operators to claim the subsidy at the time of installation, but not engage in long-term production.
Copyright © 2006 Global Good News(sm) Service.
http://www.globalgoodnews.com/science-news-a.html?art=11526907292759
Maharishi Solar Technology
http://www.maharishisolar.com/
Distributed by Deutsche Nachrichten Agentur
http://deutsche-nachrichen-agentur.de
by Global Good News staff writer
Global Good News
New Delhi, India, 14 July 2006
India's Maharishi Solar Technology Private Limited (MST) has entered into an ambitious joint venture agreement with a fast-growing upcoming German company, Henwin GmbH, to set up solar power plants in Germany. The prestigious project will seek to meet non-conventional energy needs in the country.
According to the agreement these plants will use MST's Solar Modules, while the German firm will look after the installation and maintenance of these power plants. These power plants will have the capacity of 30 kilowatts to 5 megawatts. The power generated by these plants will be sold to the grid.
The president of MST, Mr Ajay Prakash Shrivastava, said that these plants will give a new fillip to the non-conventional sources of energy in Germany.
Quoting the European Renewable Energy Council, he said that at present the contribution of solar power to overall energy needs is just one percent, but it is likely to touch 8 percent by 2030. Based on this prediction, the company has great prospects and may compete with the global companies in the future.
The German government, as per the Photovoltaic (PV) policy, does not give any subsidy or grant for capital expense, but the buyers purchase the power at the rate 5 times the normal tariff.
Mr Shrivastava encouraged the Indian government to adopt similar incentives for power generation to make it more lucrative for the producers. In India there is subsidy at the time of installation, which could encourage less fly-by-night operators to claim the subsidy at the time of installation, but not engage in long-term production.
Copyright © 2006 Global Good News(sm) Service.
http://www.globalgoodnews.com/science-news-a.html?art=11526907292759
Maharishi Solar Technology
http://www.maharishisolar.com/
Distributed by Deutsche Nachrichten Agentur
http://deutsche-nachrichen-agentur.de
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