Suntech to ship 200 MW of solar panels for Adani project in India

Chinese solar products maker Wuxi Suntech Power Co Ltd announced today it will supply about 200 MW of solar panels for a single project developed by Adani Power Ltd (BOM:533096) in India’s Tamil Nadu state.

Suntech said in a statement that this will be “the biggest, individual solar project across the globe”. Under the terms of the deal, the company will deliver 200 MW of its Vem PV series modules for the scheme, which is in its pre-development stage. The plant, scheduled for completion by 2016, will be able to generate some 330 GWh of power per year.

The new deal follows the two parties’ collaboration on a 9.3-MW solar park in Gujarat that was completed recently. “We expect that this 200 MW project is the breaking point for Suntech's presence in India as we continue to collaborate with Adani Power," commented Haibo Xiong, president of Suntech.

The Chinese firm is owned by Shunfeng International Clean Energy Ltd (HKG:1165), previously known as previously known as Shunfeng Photovoltaic International. Adani Power, in turn, is the the electricity generation business of Indian conglomerate Adani Group.

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