Web Exclusive | October 2012
Hyd's SmartTrak to treble tracking systems' production
SmartTrak Solar Systems, a Hyderabad-based startup that manufactures solar tracking systems and solar weather stations, is looking at expanding the production capacity at its Hyderabad plant from the current 300 mw to 1,000 mw a year.
The company Director Bhagawan Reddy told a business newspaper that the success of such technologies depends on government policies. SmartTrak, which so far had invested Rs 2 crore in its manufacturing facility, is planning to further infuse Rs 4 crore for the expansion.
It is talking to private equity and venture capitalists to raise funds for the same, he said. The company’s solar tracking systems comprise an in-built algorithm, which calculate and follow the course of the sun in advance, and move and arrange the solar panels accordingly.
The company has already implemented a 3-KWp (kilowatt-peak) dual-axis tracking system at Hyderabad-based Signion Systems, and two 6.5-KWp dual axis system at a solar power plant near Anantapur in AP.