NewEnergie Renewables Receives Bankability and Technology Endorsement for Its Solar Tracking Solutions
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NewEnergie Renewables Pvt. Ltd., a prominent Indian provider of innovative solar tracking solutions, is thrilled to announce the successful completion of a comprehensive Bankability and Technology Review Report conducted by MITCON Consultancy & Engineering Services Ltd. This review confirms that NewEnergie’s solar tracker technology is robust, reliable, and adheres to global best practices for deployment in large-scale solar PV projects.
The assessment by MITCON included a thorough evaluation of NewEnergie’s manufacturing facilities, design quality, tracking algorithms, installation procedures, reliability standards, and energy generation performance. Notably, the report presents a favorable analysis of the Levelized Cost of Energy (LCOE) outcomes, illustrating the economic advantages of NewEnergie’s Single Axis and Tilted Module trackers compared to conventional fixed-tilt systems.
“This is a significant milestone for NewEnergie. The MITCON report validates the quality, performance, and bankability of our tracker solutions, instilling confidence in investors, EPCs, and developers alike,” said a company representative.
### Key Highlights of the Technology Review:
– **Product Range & Innovation:** The evaluation encompassed both flat-mounted and tilted-module variants of NewEnergie’s Single Axis and Dual Axis trackers. The tilted module design was particularly recognized for its enhanced energy yield and thermal efficiency.
– **Design Superiority:** The trackers utilize a pendulum-type hanging torque tube along with a single-point drive system, which minimizes moving parts and ensures long-term reliability.
– **Corrosion Protection:** NewEnergie has developed an in-house corrosion-resistant coating named Corro-Protekt, designed for highly corrosive environments (Zone C5).
– **Factory Assessment:** MITCON conducted site visits to NewEnergie’s manufacturing units in Navi Mumbai, confirming robust quality control systems and efficient production workflows.
– **Bankability Metrics:** MITCON’s LCOE analysis revealed up to 29% more energy yield and up to 9% lower LCOE compared to fixed-tilt systems across various project locations in India (Maharashtra and Rajasthan).
### Strategic Implications for Solar Developers
The report positions NewEnergie’s trackers as highly competitive in terms of capital efficiency, operational simplicity, and adaptability to different terrains. Their preassembled delivery model further facilitates rapid deployment and reduces installation costs.
### Partner Acknowledgements
NewEnergie Renewables Pvt. Ltd. expresses gratitude for the collaboration and expertise of MITCON Consultancy & Engineering Services Ltd. in conducting the technology and bankability review. Their detailed evaluation has been crucial in validating the engineering strength and commercial viability of NewEnergie’s solutions. The company also extends heartfelt appreciation to its engineering teams, EPC partners, and early adopters for their contributions during product development, field deployments, and data sharing, which helped achieve this important milestone.
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