Morgan Solar prepares for Indian growth

(SeeNews) - Aug 12, 2013 - Canadian solar power firm Morgan Solar Inc on Friday said it was holding meetings with Indian state officials and commercial parties, seeking to expand its operations on the Indian solar market.

The Indian group, which is visiting Morgan Solar's headquarters and research and development (R&D) centre in Toronto, consists of representatives from India's Ministry of Power and Ministry of Petroleum and Natural Gas, officials from Indian Oil Corp Ltd (BOM:530965), International Petroleum Company of India and GAIL India Ltd (BOM:532155). The visit aims to enhance the clean technology exchange between Canada and India, the Canadian firm said. It added that it was preparing to become a significant player in India's power segment, where electricity demand is seen to double by 2025.

Morgan Solar, which develops concentrated photovoltaic (CPV) systems and PV balance of system (BOS) components, has already sealed a memorandum of understanding (MOU) with Indian firm Forbes & Co Ltd (BOM:502865) to distribute the CPV module called Sun Simba and Savanna dual-axis tracker. The company is also to provide 25 kW of its Savanna trackers for a project of the Canadian government in New Delhi.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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