First Solar, Reliance Power seal 100 MW solar module supply deal
Sep 7, 2011 - US solar modules manufacturer First Solar Inc (NASDAQ:FSLR) said yesterday it had agreed to supply 100 MW of advanced thin film modules to India’s Reliance Power (BOM:532939).
The US firm will deliver 40 MW of the solar modules by the end of this year to Reliance Power’s solar power project in Jaisalmer, which will supply electricity to Mumbai. The remaining 60 MW are expected to be delivered in 2012.
Reliance Power’s Dahanu Solar Power Pvt unit will fund the purchase of the first 40 MW of modules with a USD 84.3 million (EUR 59.8m) direct loan from US Export-Import Bank.