China-based PV manufacturer Hareon Solar said that its initial Phase 1 160MW solar cell production plant in India was part of more ambitious plans to establish a 1GW state-of-the-art solar cell facility in a joint venture with Indian firm Dalmia Group.
Hareon Solar had said on Monday in a stock market statement that it had teamed with Dalmia Group on a 160MW solar cell plant and recently announced plans to team with India’s ReNew Power to invest in a 72MW solar project in India.
The PV manufacturer said in a press statement that the 1GW cell plant JV with Dalmia would incorporate ‘best in class production technology and process engineering from Hareon Solar'.
The initial Phase 1 solar cell plant was expected to be operational by mid-2016, marking the company as the first major Chinese producer to announce a definitive agreement for setting up manufacturing in India, according to the company.
Dr. Jie Zhang, VP of global business development at Hareon Solar said: “Through this strategic investment in expansion of our manufacturing facilities outside China, we hope to serve new and growing solar markets which are not easily accessible to us at present. Hareon and Dalmia make a great partnership because of our common values and a shared vision to invest in clean renewable energy.” Dr. Rubin Sidhu, director of Hareon Solar Power said: “The Dalmia group has a tremendous history and a great track record of success in India and we are very pleased to partner with them. Hareon Solar is committed to transforming the solar manufacturing landscape in India by transferring our high-efficiency and low-cost manufacturing technology from China.”
Hareon Solar has been directly involved in the development of the ITRPV (International Technology Roadmap for Photovoltaics), organised by SEMI for several years and has been developing both PERC (Passivated Emitter Rear Cell) and IBC (Interdigitated Back Contact) solar cell technology.
The company spent around US$38.8 million on R&D expenditure in 2014, according to its annual financial report, placing it amongst the top five R&D PV manufacturing spenders last year, according to PV Tech’s annual R&D spending report of 12 major PV manufacturers.