German Schmid bags order for 400 MW in cell production lines from Indian Jain Group
(ADPnews) - Dec 15, 2010 - German process solutions provider Schmid Group yesterday said its process equipment unit Gebr Schmid GmbH received an order for two cell production lines totalling 400 MW from a unit of Indian Jain Group.
Schmid said its unit signed a purchase contract with Jain Solar Energy Pvt Ltd in September. The company did not disclose the exact price of the deal, only saying it was "in the three-figure million euro range."
The lines will have a total production capacity of 13,200 cells per hour, Schmid said.
The delivery will be made in two phases, in the second and the third quarter of next year.
The ordered cell production line is among the most modern systems globally and can produce at a very attractive cost-of-ownership rate, according to Schmid.
The Jain Group is active in the infrastructure, steel, energy and real estate sectors.