News Article
Abound Solar to enter Indian PV market
The CdTe solar panel manufacturer has signed a sales agreement with Solarsis. The first project will involve a 1 MW ground-mount array in the state of Andhra Pradesh.
Abound Solar, a manufacturer of CdTe thin-film photovoltaic solar modules, has signed a long-term sales agreement with Solarsis.
The companies will work together to provide solutions based on Abound’s next-generation thin-film modules serving project developers in the Indian market. Solarsis will also establish a test facility with the purpose of optimizing balance of system (BoS) designs around Abound Solar’s modules that will lower total system costs for customers.
The first project under this agreement will be a 1 megawatt ground-mount array in Ananthapur, in the state of Andhra Pradesh, India.
Abound Solar, based in Colorado, USA, recently closed on a $400 million loan guarantee from the U.S. Department of Energy (DOE) to fund the expansion of the company’s manufacturing capacity and help cater to the demand for its products in emerging markets such as India.
Solarsis is a leading solar system integrator in India and has over 150 years of combined experience in the industry. Headquartered in Hyderabad, India, Solarsis designs, installs and project manages photovoltaic solar solutions. It uses a five-step integration process that includes comprehensive financing with debt and equity support.
“Abound Solar’s thin-film modules are ideally suited for environmental conditions found across India: high temperatures and diffuse light conditions,” said Venkat Rajaraman, CEO of Solarsis. “The combination of thin-film technology and high performance in a low-cost module and our experience in integrating BoS components allows us to deliver strong financial returns to our customers.”
“We are extremely excited to work with Solarsis, as one of our preferred system integration partners,” says Julian Hawkins, Senior Vice President of Sales & Marketing for Abound Solar. “The company’s position as a leader player in the Indian solar market represents a great opportunity for Abound Solar as we work to develop our presence in the quickly growing market.”
