Refex aims at 150 mw solar business in 2013-14

Solar PV plants have taken big leap forward, are all set to fulfill target of 1,500 MW by March 2013

With the Jawaharlal Nehru Solar Mission set to enter its second phase, Refex plans to triple its installation capacity base next year.

Standing with a 50 mw installed capacity & more orders in the books Refex aims a portfolio of 150 mw peak power capacity (MWp) installations in FY 13 –14.

According to Anil Jain, MD, Refex Energy, “In 2010 there was hardly any production and the installed capacity of Solar PV plants that were grid connected was around 13 MWp and if we include off-grid, the figure would not go beyond 30 mwp. The scenario has completely changed today with the initiation of the Jawaharlal Nehru National Solar Mission, state initiatives, stringent rules being established in the Power Purchase Agreements and provision of subsidies. Solar PV plants have taken a big leap forward and are all set to fulfill a target of 1,500 MW by March 2013.”

With 50% annual increase in solar power installations executed during the last three years, Solar Photovoltaic plants offer a big opportunity to the company.

JNNSM aims at deploying 20,000 MWp by 2022 in the country.The latest installations done by Refex Energy is the successful commissioning of two large-scale grid connected solar PV plants with total installed capacity of 20 mw in the Bikaner district of Rajasthan this February.