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Thermax Partners with Amonix Inc: offers CPV Systems for Solar Power Generation in India

Date Announced: 25 Jul 2011

High solar incidence in India seen as a good fit with concentrated PV technology.

Pune, India – July 25, 2011– Thermax Limited and Amonix, Inc. today announced an agreement that will bring proven, concentrated photovoltaic (CPV) technology for clean power generation to India. In this exclusive partnership, Amonix will offer high-performance solar power generation systems and Thermax will be the Engineering, Procurement and Construction (EPC) partner to provide turnkey solutions to customers in India.

Amonix CPV solar power systems incorporate highly efficient solar cells originally developed for aerospace applications. The dual-axis tracking systems utilize durable state-of-the-art optics to focus sunlight onto multijunction solar cells. As this technology requires no water for power production and uses land more efficiently, compared to conventional solar technologies, CPV systems deliver more energy output from a given area at low energy production costs.

“Concentrated PV will be a game changer in solar power generation technologies because of the substantially high efficiency it offers. India, with its above average solar incidence, is an ideal location for CPV technology and we expect our national solar mission to act as a catalyst for its growth. We are happy to partner with Amonix, a global leader of this technology,” said M. S. Unnikrishnan, Managing Director and Chief Executive Officer of Thermax.

Amonix is the world leader in the design and manufacture of CPV technology. Amonix systems can be deployed quickly, at the rate of half a megawatt post-pedestal installation per day. They offer 31 percent module efficiency and 29 percent system efficiency, significantly higher than competing solar technologies such as crystalline silicon and thin film.

“As an organization committed to designing and manufacturing high performance cost-effective CPV solar power systems, Amonix is pleased to enter into a partnership with Thermax, a leader in energy and environment management."

"Together, we will access the Indian market by enabling developers of solar projects to build projects, supported by world-class technology from Amonix and the strong delivery track record, supply chain and construction experience of Thermax. This provides us the opportunity and access to the Indian market that is greatly suited for CPV solar power systems,” commented Brian Robertson, Chief Executive Officer and a board director at Amonix, Inc.

Concentrated photovoltaic technology will pave the way to meet the goals of the Indian Government’s Solar Mission that promotes sustainable growth while addressing India’s energy security. It is an integral part of the initiative to respond to the global challenge of climate change.

The first phase of the Mission aims to commission 1000MW of grid-connected solar power projects by 2013. In addition to helping meet these targets in the most efficient manner, concentrated photovoltaic solar power will introduce a new solar technology to India.

Source: Thermax/Amonix

Contact

A.M. Roshan
Corporate Communications
Thermax Limited
Tel: 020-66051210
Cell: 9823116417

E-mail: roshan@thermaxindia.com

Web Site: www.thermaxindia.com

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