Indosolar a solar cell manufacturer located in Greater Noida, India has signed a $200 million wafer supply agreement with Koreas Osung LST.
The contract will run until 2018 and will see the Korean wafer producer supply 48 million wafers to Indosolar in the first fiscal year alone as the company seeks to ramp up its manufacturing capacity as part of Indias wider strategy to boost its domestic solar sector.
Indosolar currently boasts a capacity of 450 MWp at its fab in the state of Uttar Pradesh, where it runs four production lines manufacturing c-Si solar cells with an average efficiency of 17.40%.
"I am delighted to partner with Osung Korea for the supply of efficient wafers, Indosolars core raw material," said Indosolar chairman, B K Gupta. "This landmark contract strengthens our enduring relationship and we look forward to expanding our strategic cooperation and delivering super high efficiency PV cells to the Indian and international markets."
Indosolars peak cell efficiency is 18%, and the company has long been a champion of boosting Indias domestic manufacturing capabilities. Indosolar was one of a handful of Indian solar companies to bring the anti-dumping case against Chinese, Taiwanese, Malaysian and U.S. solar cells and modules last year, claiming that India was drowning under a flood of dumped solar components that were harming domestic manufacturers.
Popular content
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
Share
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.