meeco arranges Joint Venture of Soma and PV Energy in India

Joint Venture will provide turnkey EPC and Clean Energy Services

The meeco Group has made a significant leap in its India business by arranging a joint venture between PV Energy Private Limited (Indian subsidiary of PV Energy Limited, UK) and Soma Enterprise Limited, a leading infrastructure company in India. The joint venture will provide turnkey EPC and Operations and Management services. meeco will lend its know-how to the joint venture to deliver Quality PV Solar projects in India replicating its success in Europe and Middle East.

Mr. P.K. Kotoky Senior Advisor of Soma Enterprise Limited says "India is increasingly mentioned in the same breath as China on the global stage and there is an insatiable demand for Energy. Solar Power is a sustainable source to power up India's ambitions. We are very excited to partner with the meeco Group, who have demonstrated their skills and know-how in Solar Photovoltaic technology. We feel that this partnership positions us strongly to capitalize on JNNSM and the upcoming state level initiatives across India. Over time this will become an important part of Soma's Power Division portfolio."

Mr. Dieter Trutschler, member of the Board of Directors of meeco AG remarks: "We are proud to announce our association with Soma. We are uncompromising on quality and always strive to offer the best solutions to our investors and clients worldwide. We have found in our discussions over the last few months a strong cultural compatibility and we have teamed up in an excellent manner. By associating with Soma, we find ourselves well equipped to deliver on MW scale EPC contracts in India."

Tarun Munjal, Managing Director of meeco India complements: "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. 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."

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