27 March 2013

MiaSolé and KSK Energy Ventures commission 11.6MW solar project in India

MiaSolé of Santa Clara, CA, USA, a manufacturer of copper indium gallium diselenide (CIGS) thin-film photovoltaic panels, and KSK Energy Ventures of India, a power development and generation company, have announced the commissioning of an 11.6MW solar photovoltaic project.

The project is under India’s Jawaharlal Nehru National Solar Mission and is one of the largest solar power plants in Rajasthan, India, says MiaSolé. US Export-Import Bank will provide $9m of debt financing for the project.

“We are pleased to partner with MiaSolé to deliver clean energy to our customers and drive continued growth for us in this market,” said KSK director Anil Kumar Kutty. “MiaSolé CIGS solar panels have proven to deliver the best solution for our project and are a compelling solution for the India market.”

“This project financing facilitates exports from MiaSolé’s California manufacturing center, will boost California's economy and help to create hundreds of local jobs,” said US Export-Import Bank chairman Hochberg.

“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 MiaSolé’s technology lowers the cost of project financing, and will expand the deployment of our California-made solar modules in projects globally,” said MiaSolé’s CEO John Carrington.

Tags: MiaSolé CIGS

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