6 September 2011

First Solar to supply 100MW of CdTe PV modules to India’s Reliance

First Solar Inc of Tempe, AZ, USA, which makes thin-film photovoltaic (PV) modules based on cadmium telluride (CdTe) as well as providing engineering, procurement and construction (EPC) services, has announced a 100MW solar module supply agreement with Mumbai-based Reliance Power Ltd (the largest PV module supply agreement in India to date).

First Solar will deliver 40MW of modules to Reliance by the end of 2011 for its solar power project in Jaisalmer in Rajasthan state, which will supply renewable electricity to Mumbai. Delivery of the remaining 60MW is expected be completed in 2012.

On 25 August, the US Export-Import Bank approved an $84.3m direct loan to Reliance Power’s Dahanu Solar Power Pvt. unit to purchase First Solar panels for the first 40MW of the project.

“We are delighted to collaborate with Reliance Power, one of India’s leading independent power producers,” says Jim Brown, president of First Solar’s Utility Systems Business Group. “With strong growth projections, India is expected to become one of the world’s major solar markets, due to its abundant solar resource and significant energy demand,” he adds. “This agreement with Reliance Power continues First Solar’s momentum in India, helping develop the country's long-term, sustainable solar market.”  

Tags: First Solar Thin-film photovoltaic CdTe

Visit: www.reliancepower.co.in

Visit: www.firstsolar.com