Intersolar India 2012: IBC SOLAR Combines Global Leadership and Local Commitment

Photovoltaics expert continues to strengthen its presence in India

Bad Staffelstein / Germany, Mumbai / India, November 2, 2012 – IBC SOLAR AG, a global leader in photovoltaic systems, will exhibit at this year’s Intersolar India trade fair in Mumbai (November 6-8). At the show, the photovoltaics system integrator highlights its on-going local commitment looking back at more than four years of successful photovoltaic (PV) projects in India. Along with on-grid PV power plants, IBC SOLAR provides off-grid system design and consulting services for the growing Indian market. As product highlights, the new IBC PolySol CI from the IBC EcoLine series will be presented at the fair. It is the first IBC SOLAR brand module made in India in accordance with IBC SOLAR’s specifications and produced under the IBC SOLAR quality regime. It will be available exclusively for the Indian market.

At the Intersolar India 2012 show, IBC SOLAR highlights its commitment to the Indian market. Since 2008, the company has realized several multi-megawatt power plants under the National Solar Mission (NSM) policies for leading Indian multinational enterprises, such as Videocon and the Aditya Birla Group. In India, IBC SOLAR is acting as an EPC (engineering, procurement and construction) specialist and cooperates with a local network of professional subcontractors. For smaller projects, the company currently develops business models based on a balance sheet approach whereby IBC SOLAR pre-finances the projects, which are sold after commissioning. Thereby, risks for the clients are further reduced.

As one clear sign of its local commitment, IBC SOLAR has extended its product portfolio by a PV module specifically designed for the Indian market. The IBC PolySol CI module will be presented for the first time at the Intersolar India 2012 exhibition. With its advanced mono-like design, the module will have a higher Watt peak (Wp) output when compared to other polycrystalline modules of similar sizes. These modules will be manufactured in accordance with IBC SOLAR specifications, and quality standards are guaranteed by IBC SOLAR.

“India is one of the fastest growing economies. But the booming country is challenged by rising energy costs. With our photovoltaic plants, we are providing an alternative to fossil fuels, thus supporting India’s energy independence,” says Jan-Marc Raitz, Director Commercial Department PV Projects. “IBC SOLAR’s success is based on profound experience, knowhow and an integrated market strategy as well as an offering that is specifically tailored to the Indian market: We offer photovoltaic solutions in a good mix of components, top engineering and reliable services at an acceptable price level. This thoughtful approach has proved right by the success of the past four years.”

IBC SOLAR’s strategy in India is to provide customers with a “one-stop-solution”, including product and plant performance guarantees, operation and services via local representatives, and on-site erection supervision performed by highly qualified engineers and site managers to verify system set-up and quality standards. With this “one-stop-strategy”, IBC SOLAR is providing Indian customers with the highest return on their investment by ensuring projects are completed on time and securing the initial tariff for grid-feed-back energy. Another business segment IBC SOLAR is focusing on in India is off-grid solutions for independent power supply. IBC SOLAR can rely on 30 years of experience in this sector. ”Off-grid and backup systems offer a huge potential for the Indian market, not only to improve living standards but also in terms of cost reduction,” says Jan-Marc Raitz. In many regions of India, PV electricity costs are well below the costs of diesel generated energy. Furthermore, the government has realized the need to decentralize energy production und subsidizes off-grid systems via the Off-Grid Solar Application Scheme.