Overall, the U.S. Export-Import Bank was said to have provided US$9 million worth of debt financing for the project, which was executed under Indias Jawaharlal Nehru National Solar Mission. It is the second time the bank has worked together with MiaSolé.
Overall MiaSolé says it has completed photovoltaic projects in the states of Rajasthan, Gujarat, Maharashtra and Tamil Nadu. "MiaSole CIGS solar panels have proven to deliver the best solution for our project and are a compelling solution for the India market," said Anil Kumar Kutty, Director of KSK on the back of todays news.
MiaSolé CEO, John Carrington added, "In 2013, we will expand our global footprint and our business model to invest in projects, acquire project pipeline and partner with leading developers and EPC companies in sustainable markets like India. Ex-Im Bank's support of MiaSole's technology lowers the cost of project financing, and will expand the deployment of our California-made solar modules in projects globally."
The company said it also plans to double its workforce this year, from 200 to 400.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.