Saatvik secures 50MW of solar module supply order from BHEL
The Indian solar manufacturer has landed 50MW of module supply order from state-owned engineer and EPC company BHEL for Raghanesda Solar Park in Gujarat.
Saatvik Solar today announced it has secured the order to manufacture and supply 50MW of solar modules for Raghanesda Solar Park in Banaskantha district of Gujarat. The manufacturer emerged as the lowest-cost (L1) bidder in a reverse bidding auction by Bharat Heavy Electricals Limited (BHEL), which is setting up a 100 MW (AC) PV plant at Raghanesda Ultra Mega Solar Park for Gujarat State Electricity Corporation Ltd (GSECL).
Prashant Mathur, chief executive officer, Saatvik Green Energy said, “We have had a long-standing business relationship with BHEL. Previously, we supplied 73 MW modules at NTPC Ramagundam floating project and GSECL Raghanseda project. Going forward, the company foresees continuous strong demand for high power solar modules for the simple reason that the Indian market is highly competitive, and conscious of the product performance, balance of system (BOS), and levelised cost of energy.”
Saatvik Green Energy has a 1GW annual module production capacity in Ambala, Haryana, and delivered more than 1 GW modules across India. It is expanding its capacity to 3GW by 2023 with the new plant setup in Gandhidham (Gujarat).