India’s largest gas supplier moves into solar module production


From pv magazine India

State-run GAIL is eyeing opportunities in solar manufacturing. It plans to manufacture PV products in partnership with an undisclosed company. They will set up an integrated solar manufacturing project involving metallurgical grade silicon, polysilicon, ingot/wafers, cells, modules, and solar glass via a special purpose vehicle (SPV).

GAIL and a potential partner plan to collaborate on the PV manufacturing project through a joint special purpose vehicle (SPV). GAIL said it might acquire an agreed equity stake in the SPV.

Popular content

GAIL plans to conduct a due diligence study for a PV manufacturing project in collaboration with its prospective partner/SPV. A consultant will be hired to evaluate the opportunity based on data provided by the partner/SPV. If the outcome is positive, GAIL and its partner may proceed with the transaction, subject to board approvals.

GAIL has diversified into renewable energy with a 118 MW wind portfolio and about 14 MW of solar. 

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: