Universal Solar Completes 2MW Project in India’s Gujarat State

Universal Solar System, a developer of clean-energy projects in India, completed its first 2- megawatt plant in Gujarat state.

The project, located at a solar park in Patan, used panels supplied by Miasole Inc. and inverters from SMA Solar Technology AG (S92), Universal said in an e-mailed statement. The Ahmedabad-based company plans to develop power plants in the U.S. through its offices in Texas and California, it said.

Gujarat, home to India’s biggest solar program, has awarded licenses to build solar plants with a combined 959 megawatts. The projects were awarded a tariff ranging from 11 rupees (22 cents) to 15 rupees per kilowatt-hour for the first 12 years, according to Bloomberg New Energy Finance.

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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