Palo Alto, California & New Delhi, India [RenewableEnergyAccess.com] Signet Solar announced plans to establish thin-film solar module manufacturing capabilities in India, which follows on the heels of a previous announcement last month of the company’s plans for a similar plant in Dresden, Germany.
Signet Solar’s first production line in India will have a capacity of 60 megawatts (MW) and expanding to 1 gigawatt (GW) in annual production over the next ten years.
In India, the Ministry of Renewable Energy has set a target to produce 10% of the country’s power requirements through renewable energy sources by 2012. “Signet Solar’s plans to establish manufacturing operations in India is very timely,” states Shri Vilas Muttemwar, India’s Honorable Minister of New and Renewable Energy.
“Our electric power demands will continue to increase as India’s economic growth accelerates. Cost-effective alternative power generation technologies and power plants will be essential to help manage peak power demand and distributed power for rural electrification, while being sensitive to the environment,” Muttemwar added.
“The announcement by Signet Solar to expand its production capacity will contribute greatly to our plans to accelerate semiconductor and information technology (IT) hardware manufacturing in India,” said Thiru. A. Raja, India’s Honorable Union Minister of Information Technology.