Signet Solar locates 300MW thin film PV plant in Chennai, India

Facebook
Twitter
LinkedIn
Reddit
Email

Signet Solar has committed to building its second large substrate thin film photovoltaic plant in the Sriperembudur Special Economic Zone near Chennai, India. Construction is expected to start later in 2008 on a 300MW facility at an initial estimated cost of $500 million. Shipments from the first plant in India are expected in 2010, the company said. Signet Solar plans to build three plants (1GW) in India over the next ten years.

Even though its first plant in Dresden, Germany has yet to start volume production, the company said that it had already secured more than $400 million in advance orders for the first three years of production.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

“We are on schedule to start shipping products from our Dresden, Germany manufacturing plant by Q3 2008 and plan to begin shipments from India by 2010, with a goal of achieving grid parity pricing within the next five years,” said Rajeeva Lahri, CEO and founder of Signet Solar. “We have strong demand in Europe and the US and are pleased that our customers have shown confidence in our engineering capabilities and our global strategy to produce high quality modules on a large scale.” 

Read Next

September 2, 2025
Q Energy has reached financial close for Taurus B, a portfolio of seven solar PV plants in Spain with a combined capacity of 251.71MWp.
September 2, 2025
The Fraunhofer Institute for Solar Energy Systems (ISE) will build a pilot solar cell line in Germany to support US manufacturer Talon PV’s efforts to establish solar cell capacity in the US.
September 2, 2025
Spanish construction firm GES (Global Energy Services) has secured a contract to build a roughly 700MW solar-wind-storage hybrid project in Chile.
September 2, 2025
Ingeteam has supplied its INGECON SUN 3Power Series C liquid-cooled central PV inverters for a 640MW solar PV plant in Texas.
September 2, 2025
SMA Solar has forecast financial losses and further restructuring measures in 2025, as it responds to falling sales and a “challenging” market for residential and commercial renewable energy installations.
September 2, 2025
Swedish independent power producer (IPP) OX2 has appointed Matthias Taft as its new chief executive officer.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines