Indosolar Limited, a leading Indian manufacturer of solar photovoltaic cells, recently signed the single largest solar cell supply contract of 60 MW under the Domestic Content Requirement of the Jawaharlal Nehru National Solar Mission with Azure Power India Private Limited.
The Agreement was signed in New Delhi by B. K. Gupta, Chairman of Indosolar Limited and Inderpreet Wadhwa, CEO of Azure Power India Private Limited.
In a press statement, Indosolar Limited said supplies were going to commence shortly and that they would be completed early Q1, 2015, keeping in mind the timeline of the JNNSM.
“This first mega deal to supply high efficiency cells of 17.4 percent average efficiency made at our state-of-art facility, is the start of the revival of large scale domestic manufacturing in India and we express our gratitude to Ministry of New and Renewable Energy – Solar Energy Corporation of India and Government of India for providing an enabling environment to promote Indian manufacturing in this strategic field of clean energy,” Gupta said.
The company said it would immediately start-up 200 MW lines already operated and complete installation of its third super production line of 250 MW to be commissioned by the end of the year.
Indosolar’s current manufacturing capacity is 450 MWp with an average efficiency rating of 17.40 percent, peaking at 18.00 percent. The company has a 3,00,000 square feet facility accommodating up to four production lines in Greater Noida, Uttar Pradesh.
In February this year, the SECI selected 750 MW of grid-connected solar PV projects under batch I of the second phase of JNNSM. Out of the total capacity, projects of 375 MW capacity were selected under the DCR category and the balance under Open category. Developers had the option to either opt for the DCR category or the Open category or both at the time of bidding. The primary objective of the DCR provision is to develop domestic manufacturing.