- Press Releases
October 6 (Renewables Now) - Indian solar module maker Emmvee has pledged to invest INR 8.25 billion (USD 110.7m/EUR 95.5m) to build a 3-GW manufacturing base for photovoltaic (PV) cells and modules in the state of Karnataka.
The Bangalore-based company said on Tuesday it has signed a Memorandum of Understanding (MoU) with the government of Karnataka to set up the factory in the town of Dobaspet. Its managing director D V Manjunatha noted that more investments are planned by the company in the state to take advantage of the growing demand and supportive government policies.
Emmvee already has a PV production complex in Karnataka’s Bengaluru district with the capacity to make 500 MW of solar modules. The facility makes mono PERC, polycrystalline, bifacial, half-cut and AC modules.
The Indian firm says on its website it has produced and supplied over 1 GW of PV modules. It expects that the construction of the new factory will create around 736 jobs.
(INR 10 = USD 0.134/EUR 0.116)