Solairedirect Energy India Pvt. Ltd. Wins 30 MW bid in Phase 2 of the JNNSM

This success vindicates a strategy presented on June 12th, 2013 at the inauguration of Solairedirect's first solar park in India

On February 21st, 2014 Solar Energy Corporation of India (SECI) opened the financial bids for the allocation of solar photovoltaic (PV) projects under phase 2 batch 1 of the Jawaharlal Nehru National Solar Mission (JNNSM). Solairedirect Energy India Pvt. Ltd., a unit of Paris-based Solairedirect Group, one of the leading solar firms worldwide, was allocated two projects for a total of 30 MW, to be built in the state of Rajasthan.

The allocation represents 100% of the projects bid by Solairedirect in the batch. The winning bids are entirely included in the Domestic Content Requirement (DCR) segment of 375 MW, which makes Solairedirect the only international bidder entirely focused on that segment, and is a testimony to the company's sustained commitment to solar equipment manufacturing in India.

This success vindicates a strategy presented on June 12th, 2013 at the inauguration of Solairedirect's first solar park in India, an event graced by the presence of Dr. Farooq Abdullah, Minister of New and Renewable Energies. It is a key milestone in a plan to develop and build over 300 MW in the country by 2016.

About Solairedirect

Solairedirect is a global pioneer of competitive solar power engineering and generation. The company was founded in 2006 with the mission of making solar power accessible to all and fully competitive with other sources of energy. It has developed an innovative integrated business model combining engineering and financing. Solairedirect industrializes the downstream photovoltaic processes with a cost-driven, risk-controlled and grid-compatible approach: project development, design and EPC (Engineering, Procurement, Construction), structured financing and legal engineering, operation and maintenance, power sales and grid services.

The company has operations in France, India, South Africa, Chile, Thailand, China and the USA. Solairedirect has 250 employees and a total 442 MW under operation and construction. It is the second largest solar power producer in France and has been distinguished as the best bidder in government tenders in several countries including France, India and South Africa. In 2012 Solairedirect had revenues of 126 M and net profit of 10 M.

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