ASX-Dividend-Report-Banner

Arctech Secures Additional Order of SkyLine II Project in India, Elevating Total Project Capacity to an Impressive 3.4GW

November 28, 2023 02:55 PM AEDT | By Cision
 Arctech Secures Additional Order of SkyLine II Project in India, Elevating Total Project Capacity to an Impressive 3.4GW
Image source: Kalkine Media

AHMEDABAD, India, Nov. 28, 2023 /PRNewswire/ -- Arctech, a leading solar energy solutions provider, proudly announces the recent acquisition of an additional order for the SkyLine II solar tracking solution in India, bringing the total project capacity to an impressive 3.4GW. This expansion marks the largest project undertaken by Arctech in the Indian market, underscoring the significant recognition of Arctech's innovative product solutions and delivery assurance capabilities.

Situated in the arid desert region along the India-Pakistan border, where temperatures soar above 50°C, and facing challenges such as high wind speeds and sandstorms, the SkyLine II project showcases Arctech's formidable technical prowess and commitment to delivering tailored solutions in demanding environments. The project's success is attributed to Arctech's leading technology, customized solutions, and robust product capabilities that ensure long-term client trust.

The SkyLine II tracking solution, featuring state-of-the-art multi-point parallel drive technology with a wind speed threshold of 22m/s and a stow angle of 0°. This innovation not only mitigates component cracking risks during desert windstorms but also extends effective power generation hours.

Arctech has established a dedicated local team over the past seven years, optimizing service quality from front-end sales to mid-stage installation and back-end maintenance. Gail Chen, VP of East Asia and India of Arctech, expressed, "Arctech's achievements in the Indian market are inseparable from the establishment of our localized team, which has enhanced work efficiency and capacity assurance in the Indian market. I believe that in the future, Arctech will provide global customers with even higher-quality services through excellent product equipment and capacity assurance."

Addressing the demand for enhanced project efficiency, Arctech has employed a combined solution of customized tracking systems, bifacial modules, and intelligent cleaning robots. This design, featuring high-power bifacial modules to increase irradiance, and intelligent cleaning robots to reduce dust-induced power losses, maximizes the efficiency of components and the entire solar power station.

In August 2022, Arctech's first joint venture manufacturing base in India, Jash Energy, commenced operations. With a sprawling 16-acre site and an annual capacity of 3GW, the factory focuses on the production of key components for tracking solution. Currently, it supplies components to several photovoltaic projects across India.

India's solar market has experienced rapid growth in recent years. As of June 30, 2023, India's cumulative installed capacity for renewable energy reached 129.6GW, with solar energy accounting for approximately 54% of the total renewable energy capacity, according to the International Energy Agency's "World Energy Outlook" report. The report predicts that by 2050, India's solar installed capacity will be top in the chart.

Since entering the Indian market, Arctech has garnered favor over the past seven years with diverse solutions such as SkyLine, SkyLine II, and SkySmartII, accumulating a total project capacity of over 7GW in the Indian market. In addition to the recent additional contract, Arctech has secured multiple projects in India in 2023, including the 420MW Sullur project and the 242MW Rajasthan project, solidifying its dominant position in the local market.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.