Hero Future Energies Secures 600 MWp Solar Module Order

May 27, 2024 12:21 PM ET
  • Emmvee Photovoltaic Power secures major contract with Hero Future Energies, highlighting their industry-leading capacity and reliability in the solar module market.

Indian solar module maker Emmvee Photovoltaic Power Pvt has secured a contract from Hero Future Energies (HFE) to supply up to 600 MWp of solar modules for its projects in India. The deliveries will be spread out over two years, although the financial details of the deal were not disclosed. HFE's Global CEO, Srivatsan Iyer, highlighted the importance of the agreement in managing cost and supply-chain uncertainties amidst global challenges.

Emmvee currently has a module manufacturing capacity of over 3 GWp and is expanding with a new 1.5-GWp cell line set to launch soon. In addition to the recent deal with HFE, Emmvee was also chosen by KPI Green Energy to provide modules for a 240-MW solar PV plant in Gujarat, India earlier this year.

What is the significance of Emmvee securing a 600 MWp contract with HFE?

  • The 600 MWp contract with HFE is a significant milestone for Emmvee, showcasing the company's growing presence in the Indian solar market.
  • The deal will help HFE in meeting its renewable energy targets and expanding its solar projects in India.
  • Emmvee's expanding manufacturing capacity, with a new 1.5-GWp cell line set to launch soon, will enable the company to fulfill the requirements of the contract with HFE.
  • The agreement with HFE adds to Emmvee's portfolio of projects, including the 240-MW solar PV plant in Gujarat, further solidifying its position in the renewable energy sector.
  • The partnership between Emmvee and HFE highlights the importance of collaboration in managing cost and supply-chain uncertainties amidst global challenges in the renewable energy industry.

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