PROINSO seals four new supply projects reaching 33 MW in India

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PROINSO closed two new agreements for photovoltaic solar energy projects in India.

· Two projects located in the city of Charakana (Patan District of Gujarat) and another two in Maharashtra District.
· The four new projects confirm PROINSO´s commitment to enter the Indian solar photovoltaics market, and added to the first sale PROINSO made last month in India for a 2 MW project in the state of Maharastra, Mumbai capital, now make a total supply of 35 MW.
· PROINSO and MECASOLAR -member companies, of Grupo OPDE-, will open an office in India by the end of this year.
· Both companies will be attending the forthcoming edition of Intersolar INDIA to be held from 14 to 16 December in Bombay.

The Spanish company PROINSO- specialized in the distribution of modules, inverters, trackers and fixed structures for photovoltaic solar installations, has closed two new agreements for photovoltaic solar energy projects in India together reaching 33 MW and are located in the city of Charakana (Patan District of Gujarat) and in Maharastra. These projects are distributed as follows:

· Gujarat 1 5 MWs
· Gujarat 2 20 MWs
· Maharastra 2 4 MWS
· Majarastra 3 4 MWs

With the projects to date and the one previously signed in June 2011 – Maharastra 1 for 2 MWS -, – PROINSO reaches the contracted figure of 35 MW in India. The project began the supply in the month of July when it began to receive the first materials and will be completed before December 2011. All projects will have SMA technology with the OUTDOOR model and polycrystalline modules.

The two new agreements are in addition to the first contract in India PROINSO closed last June for the supply of a 2 MW solar project located in the state of Maharashtra (central west of the country). This agreement confirms the entry of the Spanish multinational with force into the Indian market for solar photovoltaics, which could become a reference for the different companies that are developing EPC projects in India, given the good reception it is receiving on the market.

In fact, PROINSO and MECASOLAR – tracker manufacturing companies part of the Grupo OPDE plans to open before the end of the year an office in India, a market of great interest to both companies given its growth potential (solar energy in India is expected to reach 10,000 MW installed by 2020).

PROINSO first began to approach the India market through a reverse trade mission organized by SECARTYS and SOLARTYS and in collaboration with Teresa Solbes Commercial Economic Adviser for the Spanish Embassy and the Solar Society India. This reverse mission was held in May 2010, attended by many Indian companies, accompanied by Dr. Farooq Abdullah, the Honourable MINISTER OF NEW AND RENEWABLE ENERGY GOVERNMET OF INDIA. The Minister Dr. Farooq Abdullah presented the OPDE Group – company that MECASOLAR-PROINSO forms part of – with the investment opportunities within the Solar Nation program and the support that companies who invest in this technology in India will receive.

Recent participation in a direct trade mission in April 2011 to India by the Spanish Association for the Internationalisation and Innovation of Solar Companies (SECARTYS-SOLARTYS), has allowed PROINSO and MECASOLAR to strengthen commercial relationships with leading companies in the photovoltaic industry.

Later this year the two companies will participate in the INTERSOLAR INDIA Fair to be held from 14 to 16 December.

World leader in distribution

PROINSO – with offices in Spain, Greece, Germany, Italy, United States, Britain, Canada, China and Czech Republic- hopes to reach throughout 2011 the amount of 1,000 supplied MW. The company can provide these forecasts as they have closed orders which predict that this figure will be added to the 812 MW which have already been supplied since 2005 to the end of 2010.

PROINSO has a strong international focus, as is indicated by its more than 1,630 Qualified Installers who form part of its Network, in addition to more than 90,000 m2 of logistics warehouses throughout all its delegations./ /

Corporate Information: PROINSO

PROINSO specializes in the distribution of modules, inverters, fixed structures and trackers for photovoltaic solar plants. The company distributed more than 812MW up to 2010.

PROINSO has distribution agreements with TRINA SOLAR, CANADIAN SOLAR and REC for modules, with SMA for invertors and is responsible for the distribution of MECASOLAR trackers and fixed structures. It is the first worldwide distributor for TRINA modules. Similarly, it is the leading supplier of SMA inverters, being a global distributor for the German manufacturer.

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