SunEdison, a US-based solar power multinational, is setting up an 18 MW solar park near Tirunelveli, Tamil Nadu, which is expected to be ready by September 2014.
Of the total 18 MW capacity, nine MW of solar modules are fixed, while the remaining nine MW are 'tracker' modules, built on an axis that moves from east to west, tracking the movement of the sun to capture maximum sunlight. While the fixed ones will generate about 1.6 million units of electricity per MW per year, the tracker modules will generate 1.86 million units.
SunEdison is planning to sell a part of the 18 MW to investors in parcels of either 0.75 MW or one MW. The company has recently commissioned 1.5 MW capacity of the total and sold it to an unnamed investor.