New Delhi/India, February 2017: BaxEnergy and POWERCON Ventures India Pvt. Ltd, part of BaxEnergy Group, have been awarded for their innovative Solar and Wind Asset Management Solutions at the RE ASSETS India Forum that took place in New Delhi on the 2nd – 3rd of February 2017
The RE ASSETS India Forum 2017 represents the leading platform for Renewable Energy industry in India to discuss the next challenges and new opportunities for Operation & Maintenance, Asset Management, Data Analytics and IToT.
BaxEnergy and its Indian arm, the partner company POWERCON Ventures India Pvt. Ltd, have been honoured once again with a series of awards for their achievements and contribution in constructing, operating and managing World-Class renewable energy assets in India:
- Gold Award Winner in the category Wind SCADA Technology Company of the Year
- Silver Award Winner in the category Solar Asset Management Software Company of the Year
- Gold Award Winner in the category Wind Technical O&M Service Provider of the Year.
From left to right, Mr. Praveen Kakulte, POWERCON CEO, illustrating the projects implemented by POWERCON and BaxEnergy in India
Mr. Praveen Kakulte, Director of operations in India, has taken center place on the stage and illustrated the projects implemented by POWERCON and BaxEnergy in India and their next goals for the company Group. The capabilities of Energy Studio Pro® and AssetStack™ have attracted the attention of the attendees, sharing needs and experiences.
The forum was also an opportunity to speak about operational data and advanced technical analysis, performance improvement, efficiency and availability optimization, reporting and analysis of the entire Wind and PV portfolios.
Double Award for BaxEnergy and POWERCON: Gold Award Winner in the category Wind SCADA Technology Company of the Year and Silver Award Winner in the category Solar Asset Management Software Company of the Year
“RE ASSETS 2017 came out as an excellent networking opportunity for sharing new knowledge and meeting the main technology leaders in the Indian renewable energy market. The awards and recognitions by our PowerconBax innovative solutions and strategies is the result of years of hard work and investments that we have done in India, which are now converting into new business opportunities” declared Mr. Praveen Kakulte.
Project development in India (chart 1) is fragmented with over 200 developers with projects of at least 5 MW or more in operation. The top 20 developers account for almost 60 percent of all the operating utility-scale projects in the country. Tata Power has become the top Indian solar project developer with operational utility-scale projects, accounting for almost 10 percent of the market. Adani is a close second with 9 percent of the market share and is expected to take the top spot in 2017.
A closer look at the project development pipeline (chart 2) shows that ReNew Power is on top with a robust pipeline accounting for nearly 10 percent of the market share, while Adani is closely following with 9 percent. Greenko comes next with 8 percent. Adani is becoming the largest Indian solar developer both in terms of operational and under development projects in the near future.
BaxEnergy and POWERCON are convinced that the employment of a proper asset management solution such as Energy Studio Pro® will bring a great value in the market. “We are currently working with several top players such as ReNew, Panama and we are running POCs with many others” added Mr. Kakulte, and concluded “Our customer’s success is what is driving us and we believe our work will make the difference in the bottom line for all of them”.
About RE ASSETS India 2017
RE ASSETS is a two-day annual conference designed to specifically develop O&M and smarter strategies for operating renewable energy assets that aim to maximize the assets performances and the related ROIs, focusing on all the technical, operational, financial and IT aspects of managing renewable energy projects in the country. The event has seen year by year a growing participation of assets owners, project developers and representative players, O&M providers, IPP’s, investors, utilities, key companies and vital stakeholders in the renewable energy field, 150+ delegates and experts from across the globe. For additional information about the event, please visit: www.reassetsindia.com
BaxEnergy is dedicated to deliver innovative turnkey solutions to renewable energy players for complete visualization, data analysis and optimization of their power plants. The aim of the company is to make renewable energy easier, more efficient, affordable and secure, contributing to build a greener world for the benefit of present and future generations. BaxEnergy was founded in 2010 and is headquartered in Berlin, Germany, with offices in Italy, Portugal and South Africa. For additional information about the company and service offers, please visit: www.baxenergy.com
POWERCON is the first Indian Renewable Energy Asset Management Company that provides a complete 360-degree Operation and Maintenance (O&M) service for solar and wind power plant. The company has grown a generation of engineers that have contributed to the wind energy since inception in India. Working on the implementation of many wind energy projects and evaluating challenging opportunities, the company influences various aspects of the supply chain in the Indian wind industry. For additional information about the company and service offers, please visit: www.powercon.in
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