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EnergyX Talesun Energy Forms JV for Project Development in India

EnergyX Talesun Energy Forms JV for Project Development in India

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Talesun Solar Switzerland A.G. known as “Talesun Energy” is a Switzerland-based solar asset development arm of Solar PV manufacturing conglomerate “Zhongli Talesun Solar” which is part of the “Zhongli Sci-Tech Group (SZ:002309)”. Talesun manufactures 5,000MW solar PV modules annually between China, Thailand, and Vietnam. Its Swiss arm which has globally executed and commissioned 6,000MW projects has expertise in (i) project development, (ii) bridge/construction financing, (iii) EPC, (iv) Connection, PAC & FAC, (v) Project Financing, (vi) Project Sale/IPP, (vii) O&M. The highlight of the Swiss arm’s portfolio is the under progress development of a 307MW project in Argentina at an altitude of 4,000m.

To achieve their Indian ambition, Talesun Energy has entered in a Joint-Venture (JV) with EnergyX, a Delhi-based Solar Asset Development and Management company. EnergyX has developed both land-based and Rooftop-based projects across India for an array for consumers and investors alike. EnergyX is working closely with the State Bank of India (SBI) for development of projects under the credit line extended by the World Bank for exclusively for solar projects for Industrial consumers in India. EnergyX has the engineering capabilities across technology in solar ground-based, rooftop-based, and floating.

Talesun Energy and EnergyX presented in a joint conference in Bhopal on 23rd of January 2019 to the industrial members and representatives from FICCI, SBI, and MP DISCOM. The conference was greatly welcomes and covered by local media.

The news is been widely covered by national and finance journals across the globe especially in India and China such as ETEnergyWorld, PV-Magazine-India, Finance.ch, Climate Samurai et al.

In light of the recent maturity and market consolidation witnessed in the industry, Talesun Energy found this to be the perfect time to enter the Indian market. Entry of such a player is testament to the potential of Indian solar industry.

Source: EnergyX.in
Anand Gupta Editor - EQ Int'l Media Network

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