Spire Corporation (Nasdaq: SPIR), a company providing turnkey solar factories and capital equipment to manufacture photovoltaic cells and modules worldwide, announced that it has received a contract from PLG Power Limited to build a photovoltaic module assembly line in India.
PLG Power Limited is the Energy and Power division of PLG Group, a multifaceted organization involved in manufacturing and agro-based industries located in Mumbai and Kolkata, India. This will be the company’s first solar energy facility.
Spire will provide PLG Power Limited with a semi-automated crystalline cell module manufacturing line capable of producing up to 25 megawatts (MW) of solar modules per year. Spire will supply the process technology and training to operate the factory, as well as assistance in qualifying the factory and its modules to international standards and certification.
Roger G. Little, Chairman and CEO of Spire Corporation, said, "The photovoltaics market is expanding exponentially in India and is expected to grow by more than 500% in the next few years. We have strong representation in India and Spire is well positioned to meet the needs of our growing customer base there."
About Spire Corporation
Spire Corporation is a solar company providing turnkey production lines and capital equipment to manufacture photovoltaic cells and modules worldwide. Spire Semiconductor provides processing technology for Spire’s solar cell manufacturing lines and offers custom gallium arsenide cells for solar concentrator systems.
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