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TVS Group

India: “Gained the trust of our customers”

Submitted by Baerbel Epp on November 27, 2017
Bhoovarhan ThirumalaBecause of a strong order pipeline, the future is looking bright for one Indian solar thermal turnkey supplier: Bhoovarahan Thirumalai, CEO of Aspiration Energy, expects to realise solar heat for industrial processes (SHIP) projects at a total capacity of 20 MW in the next one-and-a-half years – all of them as a solar heat supplier. This would be a significant increase compared to the 2.5 MW of solar thermal capacity that the company set up over the course of 20 installations in the last 7 years. One key success factor is the business model of Aspiration Energy. As an Energy Service Company, it owns and operates the SHIP plant and the industrial client pays based on what it saves.
Photo: Aspiration Energy
 

India: Proven SHIP Business Model with Third-Party Financing and Maintenance Contract

Submitted by Baerbel Epp on March 22, 2017
Harita SeatingThere has been growing demand for Aspiration Energy’s (AE) business of delivering systems that provide solar heat for industrial processes (SHIP). In January 2017, the turnkey SHIP supplier based in India completed a second solar field with 600 m² (180 kWth) of vacuum tube collectors for Harita Seating, which is one of the country’s leading manufacturers of automotive seating systems and part of the USD 7 billion TVS group. The first 600 m² system was commissioned in January 2015. Both fields combined meet around 50 % of the heat demand for degreasing and phosphating processes in Harita’s factory. The photo shows the solar thermal control panel in the production facility; the 3,000-litre solar thermal storage tank can be found on the right. 
Photo: Jaideep Malaviya
 

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