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Local company will team with U.K. consortium to develop the PV plant, with work due to commence in September.
Having missed bond repayments last year, the solar wafer company will pursue liquidation proceedings on all offshore debt.
The solar company shipped 1.9 GW of solar products last year, enjoying a strong final quarter that generated a gross margin of 24.7%.
The corporation will develop its new 1 GW solar park on a 5,000 acre site in the Indian state of Andhra Pradesh.
Proceeds from the sale of the 10.1 MW solar park will be used to repay the bridging loan from Deutsche Bank.
The two solar companies have expanded their presence in the U.K. by 7.8 MW and 8.4 MW respectively.
The final day of the show saw busy traffic in the exhibition halls as organizers reveal improved numbers on last year.