10 January 2013 01:05 GMT
01 October 2012 10:52 GMT
13 August 2012 02:03 GMT
By Karl-Erik Stromsta in London
Tuesday, March 26 2013
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.
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