Solea AG, one of the leading Solar EPC companies from Bavaria, Germany announced a strategic partnership with Pinpoint Ventures Holding (Heidelberg,Germany) to enter the Indian market. Heidelberg Solar Private Limited (HSPL), a subsidiary of Pinpoint in Bangalore will be responsible for executing the solar projects in this partnership. Solea AG offers its EPC services through HSPL in the Indian market.
Initially the Heidelberg Solea partnership will concentrate on the South Indian states and will develop projects of size between 1 and 50 MW each. A total of approximately 200 MW of projects are planned to be developed within the next 3 years.
Solea AG brings through its partnership, the advantages of the German engineering and Project Management. Solea has developed more than 250 MW of power in Germany and other countries. Solea Group has an experience of building more than 135 grid based solar plants.
According to Mr.Georg Sterner, co-founder and Director of Solea Group “India is seen as a very strategic market and with our experience of building projects in Germany and other countries, we understand the challenges associated with building high quality solar plants. This partnership is seen as an important milestone in our International expansion strategy. In addition Heidelberg Solea partnership also provides assistance to Indian developers on acquiring soft loans from outside India”
Announcing the partnership Mr. Kishore Pinpati, Founder/Managing Director of Pinpoint Ventures Holding Group said “Solea is considered an ideal partner for us as they have a very strong international experience and have executed projects in Europe, South Africa and Canada. They are one of the leading players in Germany and we look forward to bringing the German experience of high quality to the Indian solar developers. This partnership also helps boost the relationship between India and Germany in the Renewable Energy sector”.
The Heidelberg Solea partnership will also develop own projects by taking part in several RFPs in the south-indian states and in solar parks. The partnership is expected to build around 200 MW of power plants during the next 3 to 4 years. Heidelberg Solar is managed by its co-founder Mr. Praful Kumar who has more than 25 years experience in building and managing large electrical installations and projects.
Heidelberg Solar / Pinpoint Ventures Group: Heidelberg Solar is a subsidiary of Pinpoint Ventures Holding Group based in Heidelberg,Germany. Promoter is Kishore Pinpati, a native of Bangalore who is an entrepreneur based in Heidelberg, Germany since 1994. Kishore brings in more than 18 years of international business experience working in more than 20 countries and has been a pioneer in the IT industry in Germany introducing the concept of Offshore Software Development during the mid-90s to Banks, Insurance and Utilities. Kishore advises leading German Ministers and politicians on a pro-bono basis in matters related to promotion of Germany India relations in the fields of Infrastructure, Energy and IT. He is also a member of the Renewable Energy Group, a part of the Energy Initiative started by German Chancellor Angela Merkel and Indian Prime Minister Dr. Manmohan Singh.
Pinpoint Ventures Holding Group
Markus Heberle, Executive Director