Power electronics provider AEG Power and Electrotherm have signed an agreement to jointly develop solar business in India.

Electrotherm will provide engineering, procurement and construction services for the solar projects, which will be developed by both companies.

In addition, Electrotherm will provide MV transformers and other basic components such as structures and wiring that are parts of its portfolio.

AEG will provide its technical expertise in the solar photovoltaic market, as well as engineering services, and will deliver key components such solar inverters, metering, monitoring and controlling equipment, and intelligent combiner boxes.

Both companies expect to develop together a minimum of 100MW of business activity in India over a period of three years.

First solar installations are targeted for the last quarter of 2010 (15MW) and for the beginning of 2011 (30MW) in the states of Gujrat and Rajastan.

Electrotherm is an Indian industrial company, and through its renewables division, it is involved in solar power plants and turn-key installation of photovoltaic solar systems.