ReneSola, a Chinese solar module manufacturer, intends to use India a manufacturing hub for producing cells and modules, for supplying not only to the Indian market, but also to the neighbouring countries.
ReneSola foresees a total quantity of 250 MW India-made modules over a two-year period, the company’s President, Stephen Huang, told Business Line on Wednesday.
ReneSola has secured orders for 17 MW from two Indian solar power developers.
ReneSola is one of the larger Chinese solar companies which expects to sell 700 MW of crystalline silicon modules worldwide in 2012.
In India, to meet the local manufacture conditions for projects under the National Solar Mission, ReneSola is getting its modules manufactured by the Indian company, Websol. ReneSola supplies silicon wafers and Websol makes cells and modules out of them.
Having bagged the two orders, ReneSola is now looking for more partners. The company will achieve the target of 250 MW in two years by “collaborating with local strategic partners in India,” Huang said.
Answering a question, Huang said that ReneSola’s modules can convert 15.7 per cent of the sun’s energy falling on them into electric energy. The company can sell its modules at around 60 cents a watt.
He could not give any number about the annual generation per MW because the number would vary a lot depending upon the site conditions.