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For Zebrasolar, the Gujarat PV project involves an investment of 35 million euro on the part of Zebasolar PVT Limited India, a 85% subsidiary of Zebasolar Inc. USA. This plant will have an annual power production of 16.37 million kWh, and a franchised operation term of 25 years.

This win, the first for Zebasolar in India, is on the heels of more than 500 MW of Solar plant applications the company has made in various Indian states in early 2009.

In late January 2009, The Gujarat State Energy Agency (GEDA) planned an open tender to confirm the on-grid electricity price and technical solutions. An estimated total of 70 International majors and domestic energy players bid for with over 5,400 MW worth of tendered applications.

All PV systems will be PV tracker panels, installed on land. Zebrasolar is in the process of setting up the Gujarat joint venture company and confirming the EPC contract.

Zebasolar PVT Limited India is in the process of developing, building and financing PV projects with a total capacity of more than 25 MW in 2009, which are fully approved, out of 500MW in applications in India.

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