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
Real Estate

Dharavi Rising

Dharavi, Asia’s largest informal settlement, stands on the cusp of a historic transformation. With an ambitious urban renewal project finally taking shape, millions of residents are looking ahead with hope. But delivering a project of this scale brings immense challenges – from land acquisition to rehabilitate ineligible residents outside Dharavi and rehabilitation to infrastructure development. It also requires balancing commercial goals with deep-rooted social impact. At the helm is SVR Srinivas, IAS, CEO & Officer on Special Duty, Dharavi Redevelopment Project (DRP), Government..

Next Story
Real Estate

MLDL Records 20.4% Growth in Pre-Sales

Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, announced its financial results for the quarter ended March 31, 2025. In line with INDAS 115, the company recognises revenues using the completion of contract method. Key highlights FY25: Consolidated sales (Residential and IC&IC) of Rs 32.99 billion. Gross development value (GDV) additions in FY25 were Rs 1.81 trillion compared to Rs 440 billion in FY24 (~4x growth). Residential pre-sales of Rs 28.04 billion in FY25, reflecting 20.4% growth o..

Next Story
Infrastructure Transport

UCSL Delivers India's First Green Cargo Vessel to Norway

In a landmark achievement for Indian shipbuilding and the Atma Nirbhar Bharat initiative, Udupi Cochin Shipyard Limited (UCSL), a subsidiary of Cochin Shipyard Limited (CSL), has delivered the first of six next-generation green cargo vessels to Norway-based Wilson Ship Management AS, Europe’s largest short-sea shipping operator. The 3,800 DWT vessel, named Wilson Eco 1, was handed over during a ceremony at New Mangalore Port. The delivery is part of a Rs 5.06 billion project supported by Norway’s green maritime funding programme, marking India's entry into the European eco-friendly ca..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?