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US firm BORG aims to power 40,000 homes across India with micro solar plants
US solar firm BORG Energy is aiming to power 40,000 homes in India with its latest technology series. Borg Energy India, a subsidiary of BORG Inc, which is based in Texas, has launched its BORG Astra Plus Home series, a range of micro solar power plants, in Bangalore.
The product is available in four variants 500BX, 1000ZXI, 1500ZXI and 2500ZXI. It is claimed the technology can reduce household electricity bills by 60 per cent and help stop power cuts.
BORG Energy India managing director of Asia Pacific Boaz Augustin Jr, said: "According to a KPMG study, India has 4 million homes who can buy our units and we plan to target 60 per cent of this market."
Augustin added: "BORG's endeavour has always been towards empowering people to generate their own power. We are delighted to launch our Astra Plus Home Series micro solar power plants that give every household the freedom from power cuts. We seek to empower people to make alternative green power a way of life and look at solar as a priority medium to generate uninterrupted power supply."
The company which opened its Power Play showroom in Hyderabad in October aims to install micro solar power units across 40,000 homes across the country. BORG Energy India has teamed up with Bajaj Finance and Shriram City Union Finance to offer loans for installation of micro solar power units.
The micro solar power unit is priced from INR 50,000 and would be available at BORG's showrooms and distributors.