Lockheed Martin to help India’s Punjab add 1 GW solar
Solar farm. Author: Thomas Kohler. License: Creative Commons, Attribution-ShareAlike 2.0 Generic
Nov 14, 2014 - US group Lockheed Martin Corp (NYSE:LMT) will be supplying plastic structures for solar panel installation to Punjab, backing the Indian state’s plan to build 1 GW of solar capacity over the next three years.
The Punjab government and the US security and aerospace giant will sign a memorandum of understanding (MoU) that outlines their future partnership in the field of clean energy, according to an official release.
The Indian state has identified about 5,000 km (3,107 miles) of canal length where solar modules could be installed. However, the plan is considered to be unviable due to the high cost of the panel structures, Punjab’s non-conventional energy minister Bikram Singh Majithia said, as cited by the Indo-Asian News Service (IANS). For this reason, the state wants Lockheed Martin to develop cheaper but durable plastic structures through the use of nano-technology.
As part of the renewables partnership, the US group will also deliver a waste-to-energy conversion system that would allow Punjab to get rid of the paddy straw that is being burnt in the state.
Punjab has set a goal to meet 15% of statewide power demand from clean energy.