MiaSolé equips 11.6MW Indian PV array
One of India’s largest PV arrays has been commissioned using MiaSolé modules, as the California-based thin-film specialist embarks on an ambitious expansion programme in the wake of its January acquisition by China’s Hanergy.
The 11.6MW array was built by Indian developer KSK Energy Ventures adjacent to one of its coal-fired power plants, and is registered under the country’s National Solar Mission.
The US Export-Import Bank (Ex-Im Bank) provided $9m in debt financing for the project – the second time it has provided finance for a solar project using modules from the Santa Clara-based company in India.
Like cadmium-telluride thin-film giant First Solar, MiaSolé – whose modules are based on copper, indium, gallium, selenide (CIGS) technology – are exempt from the local-content rules embedded within India’s National Solar Mission.
The Indian government is known to be contemplating closing the “thin-film loophole” for future tender rounds.
Hanergy’s acquisition of MiaSolé, confirmed in January, appears to have given the company a fresh burst of momentum, with chief executive John Carrington claiming it will double its California headcount to 400 this year.
“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,” says Carrington.