Indian power supplier signs for Applied Materials' SunFab line
KSK Surya Photovoltaic Venture Selects Applied Materials' SunFab Solar Panel Production Lines for 150MW Project in India
RTT NEWS; India - KSK Surya Photovoltaic Venture, Private Limited (KSK), a subsidiary of KSK Power Ventur plc, a leading independent power provider in India, announced today that it has signed a contract with Applied Materials, Inc. to purchase two Applied SunFab(TM) Thin Film Lines for manufacturing high-power output 5.7m2 solar panels.
The SunFab lines will be installed in a state-of-the-art facility, including an R&D center, which KSK plans to build in the "Fab City" located in Hyderabad, India, at a total project cost (including land and buildings) of approximately USD $500 million.
When completed, the annual capacity of KSK's facility is expected to be about 150MW, making it the largest solar photovoltaic (PV) factory in India. Using Applied Materials' advanced tandem junction technology, each 5.7m2 SunFab panel will have a power output greater than 500Wp.
Mr. T.L. Sankar, KSK Group Chairman, stated, "Since India receives among the highest amount of solar radiation in the world, it must become a leader in solar power-generation technology. Our alliance with Applied Materials will help KSK play a significant part in India's new Solar Mission to build 20GW of solar power by 2020." Mr. S. Kishore, Executive Director of KSK, said, "The large, powerful, tandem junction panels from our SunFab lines will enable us to quickly build our PV capacity and supply clean, renewable energy at an affordable cost." Mr. K.A. Sastry, Executive Director, added that KSK intends to apply its power generation experience to system integration and development of solar farms selling energy into the grid.
