NanoPV and the Voltech Group are to build a 100MW solar module manufacturing plant and a 100MW solar farm in India.
According to The Hindu, the plant will be set up in a factory building near Chennai, India, which at one time produced textiles. NanoPV will supply plant machinery and set up a production line at the site. Initial plant capacity will be 10MW, and eventually be extended to 100MW.
The two companies have already begun construction on their second project, a 100MW solar farm near Tuticorin. The solar farm will be built in phases, with the first 10MW phase underway. The first 2MW is scheduled to be completed by March 2013, with the remaining 8MW in operation by the end of next year.
NanoPV and the Voltech Group noted that they intend to enter power purchase agreements with industrial consumers in the state to form a “group-captive” structure. Both the manufacturing facility and solar farm hold a US$18.5 million price tag.