Indian PV manufacturer Indosolar signs US$200 million wafer supply deal with Korea’s Osung

February 2, 2015
Facebook
Twitter
LinkedIn
Reddit
Email

India’s solar manufacturing sector appears to have received a boost, with solar cell manufacturer Indosolar signing a wafer supply agreement worth US$200 million with Korean company Osung.

Indosolar made an announcement to the Indian Stock Exchange and the Bombay Stock Exchange on Friday to the effect that the two parties have signed a contract which extends to 2018. Osung specialises in semiconductors, solar cells and related technologies.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Osung will initially supply Indosolar with 48 million wafers, worth around US$45 million. Further details of the deal have not been disclosed, although the Indian company said Osung’s deliveries will help it meet a significant portion of demand for the coming fiscal year. Based in Noida, Uttar Pradesh, Indosolar previously made a US$600 million deal with Chinese supplier GCL in 2010.

News of the deal follows closely behind US president Barack Obama’s visit to India, during which he announced investment of US$2 billion in Indian renewable energy projects through the US Trade and Development Agency. Among the topics addressed by the president and his counterpart in India Narendra Modi were how to foster the growth of the Indian solar industry. A possible fly in the ointment could come in the form of a WTO ruling on domestic content requirements, due to take place from tomorrow. The US had originally claimed in 2013 that India’s rules on domestic content broke global trade agreements.  

Read Next

Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 17, 2025
Norwegian renewable energy firm Scatec has signed lease agreements for 64MW of solar PV and 10MWh of energy storage capacity in Liberia and Sierra Leone.
October 17, 2025
A group of over 20 US states are suing the Trump administration for the cancellation of the US$7 billion Solar For All Scheme.
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
October 16, 2025
US utility-scale solar additions grew by 56% in 2024, reaching 30GW from 2023’s 19GW and representing over 54% of all new electricity generation capacity added in the country last year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK