BWI: SunBorne Energy and Ministry of New and Renewable Energy (MNRE) bring the World’s best to Launch a Special Solar R&D Project in India

Press release from Business Wire India
Source: SunBorne Energy
Wednesday, October 27, 2010 05:30 PM IST (12:00 PM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Energy companies
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SunBorne Energy and Ministry of New and Renewable Energy (MNRE) bring the World's best to Launch a Special Solar R&D Project in India


New Delhi, Delhi, India, Wednesday, October 27, 2010 -- (Business Wire India) -- . One of the first few PPP projects in the upcoming area ofsolar energy
. A joint effort to make the 20, 000 MW national solar mission a reality
SunBorne Energy, a leading specialist in Utility Scale Solar Solutions (50MW+), in partnership with Ministry of New and Renewable Energy (MNRE), is set to launch the first path breaking Research and Development project in India.

SunBorne Energy has a panel of International experts as technical advisors namely Dr. Yogi Goswami, Dr. Lee Stefanakos, Dr. Manuel Romero Alvarez, Dr. Aldo Steinfeld. Under their guidance SunBorne Energy has come forward with an R&D initiative to innovate technology, localize the plant design and use domestic components to lower costs.

Speaking about this partnership, James Abraham, Managing Director and Chief Executive Officer, SunBorne Energy, said, "We are pleased to announce this valuable partnership with the Ministry. It is a big step in SunBorne's commitment towards making solar energy a reality in India and hence bring solar power to the forefront of India's power mix."

Mr. Aseem Sharma, Chief Operating Officer, SunBorne Energy said, "This joint effort is a step towards enabling solar power to reach grid parity in India. This project will access the best global know how to bring a unique technology to India. The R&D effort will help us focus on innovation and indigenization of solar thermal components to lower capital costs. The indigenization will also attract foreign investment, create new jobs and bring solar power to rural areas."

SunBorne Energy's R&D project will help bring state-of-the-art technology to India and create a center of excellence in the field of solar thermal. It will be one of the first few Private Public Partnership (PPP) projects in the new and emerging sector in India. This project will help utilize lower costs in India to help address a global problem of high costs. SunBorne Energy will employ qualified Indian scientists and engineers who have global experience and have worked extensively in the field and gained experience on solar power generation.

SunBorne Energy is one of the few companies which have a team of passionate experts and veterans in the solar industry who are working towards attaining grid parity. Indigenization of Solar Eco system by localizing capabilities will make India an emerging Solar Power in the world solar space bridging the gap between the Indian solar industry and rest of the world.

About SunBorne Energy

SunBorne Energy is a leading specialist in Utility Scale Solutions (50MW+) in the solar power sector. SunBorne will deploy proven technologies and indigenize the entire value chain to drive affordable solar power. Its scope of functions includes localizing capabilities in design, manufacturing, engineering, construction, distribution and operations. SunBorne is developing Utility Scale Solution Plants in Gujarat, Rajasthan and Andhra Pradesh with other States in the pipeline. It aims to deploy 20 percent of the Solar Mission target in the next decade. SunBorne will make solar power an attractive investment option creating sustainable, clean and green energy. SunBorne has been established by internationally recognized experts in solar thermal power generation. Our investors include large Private Equity firms, like General Catalyst and Khosla Ventures. The company is headquartered in Gurgaon (Haryana).


CONTACT DETAILS
Ekta Gautam, IPAN Hill & Knowlton, +91 9911445446, egautam@ipanhillandknowlton.com

KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, ENERGY

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