Webel-Sl signs MoU with PV cells manufacturing co

Mumbai, Jun 8: Webel-Sl Energy Systems Ltd has signed a Memorandum of Understanding (MoU) with an important PV cells manufacturing company in Europe.

According to the MoU and based on the Semi-Conductor policy recently announced by the government of India, the parties intend to study and assess the feasibility of possibly setting up in India (West Bengal) a production unit of wafers and solar cells with an installed capacity of 100 MWp, that could be expanded up to 200 MWp.

Depending on the results of this study and subject to the respective Boards' decisions, the parties intend to possibly create a joint venture to build up and operate the new plant, the company told BSE.

UNI