KSK Surya Photovoltaic Venture, Private Limited (KSK), a subsidiary of KSK Power Ventur plc, an independent power provider in India, has signed a contract with Applied Materials Inc. (Nasdaq: AMAT) to purchase thin film manufacturing lines with an annual capacity of 150 megawatts (MW). As planned, it would be the largest solar photovoltaic (PV) factory in India.
Total project cost is estimated at US$500 million.
Two Applied SunFab™ Thin Film Lines for manufacturing 5.7-square-meter solar panels will be installed in a new facility KSK plans to build in Hyderabad, India.
Mr. T.L. Sankar, KSK Group Chairman, stated, “Since India receives among the highest amount of solar radiation in the world, it must become a leader in solar power-generation technology. Our alliance with Applied Materials will help KSK play a significant part in India’s new Solar Mission to build 20 gigawatts (GW) of solar power by 2020.”
KSK also signed a service contract with Applied Materials covering the first five years of production.
“We believe that thin film silicon is the best solar module technology for conditions on the ground in India,” said Mr. Anil Kutty, Managing Director of KSK Surya Photovoltaic Venture, Private Limited.
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