NeST Hi-Tek Park Pvt. Ltd. has signed a memorandum of understanding with EPV SOLAR to set up a manufacturing facility for silicon solar panels in India.
‘The new facility is being designed to have a potential total annual capacity of up to 420 MW, which EPV anticipates can be achieved over three additional phases and within four years of commencing operations,’ according to NeST.
The facility will be built in the high-tech park being co-developed by NeST under an agreement with the Kerala Industrial Infrastructure Development Authority.
SOURCE: India Times