The up-and-coming solar market of India has received a boost with the news that the US Export-Import Bank (Ex-Im) has agreed to fund a 2MW solar PV project in Gujarat. CIGS module manufacturer MiaSolé will supply the project – being developed by Universal Solar Systems – with modules for the park, which will bring India’s National Solar Mission (NSM) a step closer to its aim of establishing 20GW of grid-connected solar capacity by 2022.
“The agreement is another demonstration of Ex-Im Bank's commitment to help US companies turn export opportunities into sales in critical markets like India,” said Craig O'Connor, director of the Office of Renewable Energy & Environmental Exports. “Because MiaSolé manufacturing is done here in the United States, the financing we are providing helps achieve the Bank's core mission to create and sustain American jobs by providing export financing to support export sales.”
Hemal Doshi, president of Universal Solar System, commented, “Now that this 2MW project is on schedule to be commissioned by the end of the year, we can focus our attention on completing the next phase of the Gujarat project, as well as plans for expansion in the US.”