Transformer maker ties up with German firm for solar project
India, Hyderabad: Transformer maker Shirdi Sai Electricals Ltd (SSEL) has entered into an MoU with German engineering and consulting company Viridis.iQ GmbH.
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India, Hyderabad: Transformer maker Shirdi Sai Electricals Ltd (SSEL) has entered into an MoU with German engineering and consulting company Viridis.iQ GmbH.
The German firm will assist in setting up the 4 GW manufacturing unit for high efficiency solar PV modules (polysilicon, ingot-wafer, cell and module) proposed by SSEL.
The association with Viridis.iQ would strengthen SSEL in setting up one of India’s largest production facilities in the PV value chain. It would help produce world-class solar cells and modules for domestic and international markets, said CEO Sharat Chandra said in a release on 1 December.
SSEL and Viridis.iQ will finalise the conceptual design, devise business plan to kickstart the project after which the German firm will extend technical / engineering support for the construction and operations to begin. The project will be supported by Viridis.iQ for up to one year after it goes on stream, primarily from a perspective of stabilising operations.
Executive Director of Viridis.iQ Wolfgang Herbst said the collaboration with SSEL would mark the firm’s foray into the growing Indian market.
Source: The Hindu
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