Home Business & Finance Scorpius inks MoUs with three solar entities
Scorpius inks MoUs with three solar entities

Scorpius inks MoUs with three solar entities


Pune-based Scorpius Trackers, promoted by entrepreneurs Shailesh Vaidya and Kiran Shah, has inked memorandum of understandings (MoUs) with three undisclosed entities, which are independently working to put up a combined solar capacity of 1,250 MW.Under the agreement, the Pune-based company will provide tracker solutions to them.

Tracking sun
Typically, these single-axis trackers — electro-mechanical devices — allow solar panels to track the sun from sunrise to sunset. One can re-orient the solar module accordingly to improve power output. “Such tracking increases power production by over 20 per cent, depending on tracker configuration,’’ said Mr. Vaidya.

To a query, he said trackers increased the project cost of a solar plant by 10 per cent.

Scorpius Trackers has initialled MoUs with an independent power producer (IPP), an EPC (engineering, procurement and construction) contractor, and a large open-access solar park developer.

According to Mr. Shah, tracker penetration in the solar space is very minimal. Trackers were used only in five per cent of the existing solar power plants, he said.

“Scorpius has positioned itself as an innovation-driven global tracker company. It aims to accelerate the journey to achieve wholesale grid parity for the IPPs.

“The Scorpius tracking solution features its own patented IP such as 25-year maintenance-free bearings and also has some of the world’s first features such as storm detection,” a statement from the company said.

Source:The Hindu


Anand Gupta Editor - EQ Int'l Media Network


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