India’s SECI signs MoU with Russian Energy Agency for large-scale PV and manufacturing in India

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
The MoU was signed by REA director general A.V. Tikhonov and SECI managing director Ashvini Kumar. Credit: SECI

The Solar Energy Corporation of India (SECI) has signed a memorandum of understanding (MoU) with the Russian Energy Agency (REA) for both entities to develop utility-scale solar PV plants and manufacturing facilities in India between the years 2016-2022.

Under the agreement, a 500MW pilot project would be constructed.

The two entities will draw up a roadmap for developing the projects and manufacturing hubs and will also establish a working group to determine future steps.

REA will contribute state-of-the-art technology and low-cost financing, while SECI will help to acquire Indian government clearances and permits.

The MoU was signed by REA director general A.V. Tikhonov and SECI managing director Ashvini Kumar.

A SECI statement said that the plans would boost India’s ‘Make in India’ programme, which was launched last year and seeks to turn India into a worldwide manufacturing powerhouse.

For example, the government of India recently announced it was considering supporting polysilicon, ingot and wafer production in the country as part of the programme.

There were local reports in the summer of 2015 that Russia-based oil company Rosneft was also planning to invest heavily in solar power in India aiming to set up between 10-20GW of PV, but this has yet to be confirmed.

Read Next

May 11, 2021
Spain’s Solarpack was affected by pandemic-related project delays in Chile during a first quarter, in which it saw its net profit shrink 95% year-on-year to €300,000.
May 10, 2021
Finlay Colville, head of research at PV Tech Research, details how n-type cell manufacturing will dominate PV industry spending from 2024, and what the rest of the decade holds in store.
May 5, 2021
SHV Energy, a Netherlands-based liquified petroleum gas (LPG) distributor, has acquired a majority stake in Indian solar developer SunSource Energy.
April 30, 2021
Solar manufacturers that plan on setting up integrated, higher capacity plants in India will be given preference in the country’s new production-linked incentive (PLI) programme.
April 21, 2021
Ingka Group, a retailer that runs the majority of IKEA stores, has allocated an additional €4 billion (US$4.8 billion) to invest in solar and wind plants.
April 13, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has guided 2021 total product shipments (wafers, solar cells and modules) to be in the range of 25GW to 30GW.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 26, 2021
Session 1 - 7:00 AM (BST) | Session 2 - 5:00 PM (BST)
Solar Media Events
June 15, 2021
Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021