ZNShine Solar takes 'tactical step' in India by means of 214MW module order
- China-based PV module producer ZNShine Solar has safeguarded a bargain to supply 214MW of double-glass modules to Indian designer Ayana Renewable Power.
The deal, described by ZNShine as a "strategic step" in its India development plans, will see the installation of a brand-new solar plant in the south-eastern state of Andhra Pradesh.
Released in 2018 by the UK's advancement financing establishment CDC Group, Ayana Renewable Power establishes utility-scale eco-friendly power in Indian areas that suffer from power deficits. By 2022, the business aims to include a minimum of 2GW of sustainable power.
"This is an additional vital step that will permit us to fulfill the goal of ensuring a transition to low carbon power generation," said Shivanand Nimbargi, CEO of Ayana.
For ZNShine, the agreement comes a month after strategies were introduced to more than double its production capacity by 10GW over the next 2 years, focusing on large-area, high-efficiency modules.
The very first stage expansion results from begin this November, taking complete nameplate capacity from 3.5 GW at the end of 2019 to 7.5 GW in 2020, while the second phase will certainly add a further 6GW of capacity to handle large-area, high-efficiency module assembly production. The firm will invest around RMB5.5 billion (US$ 795 million) in the manufacturing ramp-up.