Websol Energy to establish 1.8 GW solar cell as well as module facility

• The upcoming factory will employ unique innovations in the industry like high efficiency mono passivated emitter and also rear contact (PERC) and tunnel oxide passivated contacts (TOPCON).
• Websol additionally said that it's communicating with power generators to aid it provide solar cells and also modules on a lasting basis.

To offer a significant boost to its manufacturing capabilities, Websol Energy System has stated that it will be setting up a new manufacturing plant for solar cells as well as modules in future. This will have a capacity to produce up to 1.8 GW of photovoltaic panels. Industry professionals see it as an action towards self-direction of the nation in the industry.

Websol Energy System, a Kolkata-based solar cells and also modules maker, has accredited the issuance of 23,80,000 equity shares of 10 each at a concern rate of Rs 105. In its declaring to the National Stock Exchange of India Limited, the firm held that the shares will be issued to its marketer, Websol Environment-friendly Projects and also India Max Mutual Fund, which is a calculated as well as financial investor. This will certainly be performed in conformity with the guidelines set by the Securities and Exchange Board of India (SEBI).

The filing before the BSE has additionally revealed that the Board of Directors at Websol Energy System has actually additionally provided a go-ahead to the proposition to set up a solar cell and module-making plant. It was likewise educated by Websol in its filing that it will scrap the existing manufacturing plant in case a new manufacturing plant is needed.

According to the business, the forthcoming manufacturing plant will use novel technologies in the field like high effectiveness mono passivated emitter and rear contact (PERC) and also passage oxide passivated contacts (TOPCON) for the projection of solar cells and modules.

Websol likewise pointed out that it is communicating with power generators to help provide solar cells as well as modules on a long-lasting basis.

Websol Energy System asserts to be a leading maker of photovoltaic crystalline solar cells and modules in India. The business started solar cells producing in the mid-90s with a mere 1 MW capacity. It has currently ramped up its portfolio with 250 MW solar cells and also 250 MW modules.

Websol has actually disclosed recently that it aims to make 175 MW of solar cells and also 135 MW of modules this fiscal year. The Ministry of New and also Renewable Energy (MNRE) has approved the modules of Websol under the Approved Listing of Module Manufacturers (ALMM).