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GE Partners With Solairedirect

GE Partners With Solairedirect
June 28
13:24 2017

India has rapidly emerged as one of the world’s leading hotspots for solar power due to its booming economy and the increasing demand for electricity. On June 22nd, GE Energy Connections (NYSE: GE) announced that the company is now partnering with Solairedirect to provide its plants with 140 megawatts (MW) of LV5 1-MW solar inverters. These inverters will be installed in two solar plants with 70-MW capacity each. In addition, a long-term service agreement (LTSA) for 25 years has been enacted, which includes the provision of parts when necessary and the required man-hours for reconstruction and maintenance for the two plants.

Azeez Mohammed, President & CEO of GE Energy Connections Power Conversions, said:

 “We are seeing an increase in solar developers who are looking to reduce risk in their businesses by having the OEM provide long-term service support. GE’s maturity in this service segment as well as experience with solar technology assures customers they are working with a reliable and knowledgeable partner.”

The guarantee that the technology will progress by performing to the foremost standard is an essential component of this agreement. Therefore, GE’s LTSA ensures high availability and energy output of the plant. Importantly, the customer can benefit from improved project bankability and reduce the total cost of ownership throughout the lifespan of the two solar plants.

Solairedirect elaborates on GE’s LTSA by commenting:

“In an ever more competitive solar industry, service becomes the differentiator. Thanks to the LTSA provided by GE, lifetime support is guaranteed for our two plants. We are confident in the knowledge that we will be able to continue efficiently supplying solar-fueled power. We look forward to continuing to work with GE.”

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