+
AEG, Electrotherm cancel solar business pact
POWER & RENEWABLE ENERGY

AEG, Electrotherm cancel solar business pact

In view of insufficient solar power projects, AEG Power Solutions and Electrotherm called off their agreement to collaborate in the solar power business in India. While Electrotherm was to provide EPC services for the projects, AEG was to assist in the solar photovoltaic market as well as deliver key components, including solar inverters and monitoring equipment.

According to AEG, the biggest challenge in India is financial closure of solar projects, given that the industry is still in a nascent stage. Of the 800-900 MW planned projects, only 20-30 per cent reached completion, leading to a rise in costs.

Contact: Electrotherm.
Tel: 02717-234 554.
Fax: 02717-237 612.
E-mail: ho@electrotherm.com
Website: www.electrotherm.com

In view of insufficient solar power projects, AEG Power Solutions and Electrotherm called off their agreement to collaborate in the solar power business in India. While Electrotherm was to provide EPC services for the projects, AEG was to assist in the solar photovoltaic market as well as deliver key components, including solar inverters and monitoring equipment.According to AEG, the biggest challenge in India is financial closure of solar projects, given that the industry is still in a nascent stage. Of the 800-900 MW planned projects, only 20-30 per cent reached completion, leading to a rise in costs.Contact: Electrotherm.Tel: 02717-234 554.Fax: 02717-237 612.E-mail: ho@electrotherm.comWebsite: www.electrotherm.com

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code