Webel-SL Energy Systems to invest over $35 million in 30MW Indian module plant

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Webel-SL Energy Systems Ltd. has, according to a report in the Wall Street Journal, revealed it is to invest approximately 1.8 billion rupees ($35.7 million) to build a second cell and module manufacturing facility in Kolkata, eastern India. The facility will bring Webel’s annual manufacturing capacity from 12MW to 42MW.

Rising demand in India, as well as increasing sales orders from Europe, the U.S. and Australia, prompted the company to establish what will be its second module plant in India. The recent news of China’s introduction of a solar subsidy program is also a potential boon for the company.

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It is expected that the new facility will be operational by the end of April.

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