News Article
Miasolé to provide India with 11.6MW of CIGS solar power
The U.S. Export-Import Bank has provided project financing to support MiaSolé California exports
Indian power developer KSK Energy Ventures and CIGS manufacturer MiaSolé have commissioned an 11.6MW solar photovoltaic project which occurred on February 26th, 2013.
The project is under India’s Jawaharlal Nehru National Solar Mission and is one of the largest solar power plants in Rajasthan, India.
U.S. Export-Import Bank will provide $9 million of debt financing for the project, marking the second MiaSolé project in India that the bank has supported.
"This project financing facilitates exports from MiaSolé’s California manufacturing centre, will boost California's economy and help to create hundreds of local jobs," says U.S. Export-Import Bank Chairman Hochberg.
Over the past year, MiaSolé has completed projects in Rajasthan, Gujarat, Maharashtra and Tamil Nadu, making MiaSolé one of India’s leading providers of solar energy.
“We are pleased to partner with MiaSolé to deliver clean energy to our customers and drive continued growth for us in this market,” says Anil Kumar Kutty, Director of KSK. “MiaSolé CIGS solar panels have proven to deliver the best solution for our project and are a compelling solution for the India market.”
“India represents a tremendous opportunity for renewable energy, and we are pleased to partner with a leading company like KSK in its efforts to deliver clean energy resources in Rajasthan," comments John Carrington, CEO of MiaSolé.
In 2013, MiaSolé also plans to expand its global footprint and business model to invest in projects, acquire project pipelines and partner with leading developers and EPC companies in sustainable markets like India.
What's more, Ex-ImBank’s support of MiaSolé’s technology lowers the cost of project financing, and will expand the employment of MiaSolé's California - made solar modules in projects globally.
MiaSolé’s headquarters and manufacturing are located in California, where the company employs approximately 200 people.
In 2013, the company plans to hire over 200 additional employees in California to expand its manufacturing, research and development and commercial activities.
The project is under India’s Jawaharlal Nehru National Solar Mission and is one of the largest solar power plants in Rajasthan, India.
U.S. Export-Import Bank will provide $9 million of debt financing for the project, marking the second MiaSolé project in India that the bank has supported.
"This project financing facilitates exports from MiaSolé’s California manufacturing centre, will boost California's economy and help to create hundreds of local jobs," says U.S. Export-Import Bank Chairman Hochberg.
Over the past year, MiaSolé has completed projects in Rajasthan, Gujarat, Maharashtra and Tamil Nadu, making MiaSolé one of India’s leading providers of solar energy.
“We are pleased to partner with MiaSolé to deliver clean energy to our customers and drive continued growth for us in this market,” says Anil Kumar Kutty, Director of KSK. “MiaSolé CIGS solar panels have proven to deliver the best solution for our project and are a compelling solution for the India market.”
“India represents a tremendous opportunity for renewable energy, and we are pleased to partner with a leading company like KSK in its efforts to deliver clean energy resources in Rajasthan," comments John Carrington, CEO of MiaSolé.
In 2013, MiaSolé also plans to expand its global footprint and business model to invest in projects, acquire project pipelines and partner with leading developers and EPC companies in sustainable markets like India.
What's more, Ex-ImBank’s support of MiaSolé’s technology lowers the cost of project financing, and will expand the employment of MiaSolé's California - made solar modules in projects globally.
MiaSolé’s headquarters and manufacturing are located in California, where the company employs approximately 200 people.
In 2013, the company plans to hire over 200 additional employees in California to expand its manufacturing, research and development and commercial activities.
