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Maharishi Solar Technology to set up solar power plants in Germany
by Global Good News India staff writere

Global Good News    Translate This Article
New Delhi, India
13 July 2006

India's Maharishi Solar Technology Private Limited (MST) has entered into an ambitious joint venture agreement with a fast-growing upcoming German company, Henwin GmbH, based in Bad Homburg, to set up solar power plants in Germany. The prestigious project will seek to meet non-conventional energy needs in the country.

According to the agreement, these plants will use MST's Solar Modules, while the German firm will look after the installation and maintenance of these power plants. These power plants will have the capacity of 30 kilowatts to 5 megawatts. The power generated by these plants will be sold to the grid.

The president of MST, Mr Ajay Prakash Shrivastava, said that these plants will give a new fillip to the non-conventional energies in Germany. Quoting the European Renewable Energy Council, he said that at present the contribution of solar power to overall energy needs is just one per cent, which is likely to touch 8 per cent by 2030. Keeping this projection in mind, the company has great prospects and may compete with the global companies in the future. The German government, as per the Photovoltaic (PV) policy, does not give any subsidy or grant for capital expense, but the buyers purchase the power at the rate 5 times the normal tariff.

Defending this Mr Shrivastava said that the Indian government too should give incentives for power generation to make it more lucrative for the producers. In India there is subsidy at the time of installation, and that may encourage the fly-by-night-operators to claim subsidy at the time of installation while not engaging in real production.

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