meeco will build up to 50 MWp solar parks in the next three years

In July 2009, India unveiled a US$19 billion plan, to produce 20 GW of solar power by 2020, because solar energy has revolutionary power to elevate India and its population in a way that no technology has done before. Now, with the meeco India Private Limited, The meeco Group will expand its offers of clean energy turnkey solutions, clean advisory services and cellcubeTM storage solutions, to this growing Indian solar market and will build up to 50 MWp solar parks in the next three years.

"India is densely populated and has high solar radiation, an ideal combination for the usage of solar power. Thus, India is poised to expand its role in Photovoltaic Solar adoption and to become a leading destination for such technology. This is a great chance for us and our partners to widen our activities in the Asian and especially in the Indian market", explains Dieter Trutschler, member of the Board of Directors of meeco AG.

meeco India is an India-based renewable energy company providing primarily solar project services in India. The services will cover the entire life cycle of photovoltaic projects, such as project development, financial structuring, engineering, procurement, project construction management, long-term operations and management. "meeco India will deliver projects at the highest international standards banking on the experience of the meeco Group's global team which has implemented more than 200 MWp of PV solar projects just in Europe", says Managing Director Tarun Munjal.

The Directors team of meeco India consists of national as well as international personalities. This is also an important factor for the success of The meeco Group: international expertise and local experience. Mr. Suresh C. Pahwa (Director) and Mr. Tarun Munjal (Managing Director) from India are leading meeco's Indian operations as Directors based in Gurgaon. They are further expanding the local organization, which will be integrated into meeco's global delivery model and expertise. Mr. Dieter Trutschler (meeco Board) is providing leadership guidance and Mr. Thomas Beindorf (Director & meeco Board) provides integration within meeco's global operations.

Mr. Tarun Munjal about the future of the business field: "meeco India will complete its first Megawatt size project in the second quarter of 2011. By the end of the year, the goal is to build a portfolio in the excess of 10 MWp. In the next three years meeco India's objective is to achieve a portfolio of 50 MWp across different states in India."