HYDERABAD, India--(BUSINESS WIRE)--KSK Surya Photovoltaic Venture, Private Limited (KSK), a subsidiary of KSK Power Ventur plc, a leading independent power provider in India, announced today that it has signed a contract with Applied Materials, Inc. to purchase two Applied SunFab™ Thin Film Lines for manufacturing high-power output 5.7m2 solar panels. The SunFab lines will be installed in a state-of-the-art facility, including an R&D center, which KSK plans to build in the “Fab City” located in Hyderabad, India, at a total project cost (including land and buildings) of approximately USD $500 million.
When completed, the annual capacity of KSK’s facility is expected to be about 150MW, making it the largest solar photovoltaic (PV) factory in India. Using Applied Materials’ advanced tandem junction technology, each 5.7m2 SunFab panel will have a power output greater than 500Wp.
Mr. T.L. Sankar, KSK Group Chairman, stated, “Since India receives among the highest amount of solar radiation in the world, it must become a leader in solar power-generation technology. Our alliance with Applied Materials will help KSK play a significant part in India’s new Solar Mission to build 20GW of solar power by 2020.” Mr. S. Kishore, Executive Director of KSK, said, “The large, powerful, tandem junction panels from our SunFab lines will enable us to quickly build our PV capacity and supply clean, renewable energy at an affordable cost.” Mr. K.A. Sastry, Executive Director, added that KSK intends to apply its power generation experience to system integration and development of solar farms selling energy into the grid.
“KSK’s selection of Applied’s SunFab production lines and service solution is a strong testament to the value proposition we offer to utility-scale power providers, affirming the manufacturing readiness of our 5.7m2 tandem junction technology and the confidence in our roadmap,” said Dr. Mark Pinto, senior vice president and general manager of Applied’s Energy and Environmental Solutions Group. “The fully integrated SunFab lines will enable KSK to rapidly and cost-effectively deploy solar farms to meet India’s fast-growing, energy needs.”
KSK also signed a service contract with Applied Materials covering the first five years of production. Applied Materials will support KSK’s lines with preventive and corrective maintenance, spare parts and other services to optimize equipment performance and maximize manufacturing output. In addition, Applied and KSK will work together to develop continuous improvement programs that aim to increase module efficiency and lower operating costs.
“We believe that thin film silicon is the best solar module technology for conditions on the ground in India,” said Mr. Anil Kutty, Managing Director of KSK Surya Photovoltaic Venture, Private Limited. “Compared to crystalline silicon technologies, our SunFab thin film modules will be capable of producing more power at high ambient temperatures and under diffused light, maximizing the energy yield from our future solar farms.”
Dr. Ravinder Kachru, Chief Executive Officer, and Dr. S. Rao Peddada, Chief Operating Officer of KSK Surya Photovoltaic Venture, Private Limited, said, “We are excited about bringing the advanced thin film panel manufacturing technology to India and working with Applied Materials in developing next generation thin film PV technology.”
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel displays, solar photovoltaic cells, flexible electronics and energy efficient glass. Applied Materials, applies Nanomanufacturing Technology to improve the way people live. Learn more at www.appliedmaterials.com.
KSK Power Ventur plc, the ultimate holding company of the KSK Group, is listed on the Alternative Investment Market (AIM) of the London Stock Exchange and is a leading developer and operator of power plants in India and has initiated efforts on mineral and solar businesses for wider footprint in the energy value chain. The main subsidiary company, KSK Energy Ventures, is currently operating /implementing projects in excess of 4500 MW. Learn more at www.ksk.co.in
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