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WindStream Technologies Opens India Office to Support SolarMill® Sales and South Asian Growth [Global Data Point](Global Data Point Via Acquire Media NewsEdge) As WindStream expands into the India market it expects to see large volume sales growth as 400 million1 people live completely off-grid while the rest of the country experiences regular loss of grid supplied energy. India has had an ongoing initiative to bring renewable energy to the country and is now accelerating this effort under the leadership of the new Prime Minister Narendra Modi. As recently as this past May, he has instituted a new policy to supply clean energy to 400 million people by 2019.2 WET will be introducing its hybrid product for this initiative. "This country is perfect for WindStream's SolarMill® technology," said Mr. Venkat Kumar Tangirala, President of WET. "India is a vast market that is in need of new sources of renewable energy and the ease of use and efficiency for the SolarMill® has already garnered great interest and traction with customers and government agencies throughout the country." ACC Limited, the largest cement manufacturer in India, has successfully piloted the SolarMill® technology and is now in the negotiation phase for large-scale deployment. WindStream Technologies and WET have further identified significant projects totaling over 100MWs for the Company's products which include: Bharat Broadband Network Limited (BBNL) a government initiative to bring high speed internet to rural India and projects focused on rural electrification through the Ministry of New and Renewable Energy (MNRE), Gujarat Energy Research %7E Management Institute (GERMI), and the Center for Wind Energy Technologies (CWET). "The India market represents huge growth potential for WindStream," said Dan Bates, President and CEO. "The sheer scope and size of the population and the glaring need for new sources of energy make India one of our key target markets in the near term," he continued. The new offices will have upwards of 30 employees supporting engineering and sales efforts for Government, Residential and Industrial channels. WindStream Energy Technologies will seamlessly interface with the U.S. parent, facilitating a global sourcing and procurement strategy driving down the price for the Company's products. WET and its engineers are securing all of the needed certifications for the SolarMill® products for sales within India availing the SolarMill® of the Government incentives being offered for renewable energy devices and India-made products. (c) 2014 GlobalData Provided by SyndiGate Media Inc. (Syndigate.info). |