Amp Energy, Websol enter JV for 1.2 GW solar cells, modules
POWER & RENEWABLE ENERGY

Amp Energy, Websol enter JV for 1.2 GW solar cells, modules

Amp Energy India plans of manufacturing 1.2 GW solar cells and modules through a joint venture company in partnership with Websol Energy Systems.

"Amp Energy plans JV with Websol Energy for 1.2 GW solar module and cells production. It is proposed to set up the (module and cell) unit in a JV company in which Websol will hold 51 per cent and Amp Energy will hold the 49 per cent,” it said.

The companies have already entered into a term sheet for establishment of a JV for production of monocrystalline PERC (Passivated Emitter and Rear Contact) solar cells and modules in two phases of 600 MW each at Websol's existing unit at Falta in West Bengal.

The term sheet is subject to both parties agreeing on certain commercial terms and definitive agreements, according to company statement.

Amp Energy India is a renewable energy independent power producer with a total portfolio of over 2 gigawatt (GW) spread across 15 states in the country.

Amp Energy India plans of manufacturing 1.2 GW solar cells and modules through a joint venture company in partnership with Websol Energy Systems. Amp Energy plans JV with Websol Energy for 1.2 GW solar module and cells production. It is proposed to set up the (module and cell) unit in a JV company in which Websol will hold 51 per cent and Amp Energy will hold the 49 per cent,” it said. The companies have already entered into a term sheet for establishment of a JV for production of monocrystalline PERC (Passivated Emitter and Rear Contact) solar cells and modules in two phases of 600 MW each at Websol's existing unit at Falta in West Bengal. The term sheet is subject to both parties agreeing on certain commercial terms and definitive agreements, according to company statement. Amp Energy India is a renewable energy independent power producer with a total portfolio of over 2 gigawatt (GW) spread across 15 states in the country.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?