11.6 MW PV project commissioned in India’s Rajasthan25. March 2013 | Applications & Installations, Industry & Suppliers | By: Becky Beetz
India-based KSK Energy Ventures and U.S. company MiaSolé have commissioned an 11.6 MW CIGS thin film photovoltaic project in the Indian state of Rajasthan.
Overall, the U.S. Export-Import Bank was said to have provided US$9 million worth of debt financing for the project, which was executed under India’s Jawaharlal Nehru National Solar Mission. It is the second time the bank has worked together with MiaSolé.
Overall MiaSolé says it has completed photovoltaic projects in the states of Rajasthan, Gujarat, Maharashtra and Tamil Nadu. "MiaSole CIGS solar panels have proven to deliver the best solution for our project and are a compelling solution for the India market," said Anil Kumar Kutty, Director of KSK on the back of today’s news.
MiaSolé CEO, John Carrington added, "In 2013, we will expand our global footprint and our business model to invest in projects, acquire project pipeline and partner with leading developers and EPC companies in sustainable markets like India. Ex-Im Bank's support of MiaSole's technology lowers the cost of project financing, and will expand the deployment of our California-made solar modules in projects globally."
The company said it also plans to double its workforce this year, from 200 to 400.
Choose between a digital and print subscription from pv magazine publisher Solarpraxis AG’s online shop!
- 2832 views
- 2341 views
- 1935 views
High liability to asset ratios and low inventory turnover signal "solvency concerns" for PV companies1916 views
- 1660 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!