Shirdi Sai Electricals signs MoU with German firm to build 4 GW solar fab


Transformer manufacturer Shirdi Sai Electricals Limited (SSEL) has selected German firm Viridis.iQ GmbH for the technical assistance on setting up its 4 GW vertically integrated solar module factory. An agreement in this regard was signed between SSEL and Viridis.iQ GmbH recently.

SSEL won the PV manufacturing project under the government’s production-linked incentives scheme and has already secured a letter of award from the Indian Renewable Energy Development Agency.

Viridis.iQ GmbH is a German engineering, consulting, and technology firm with expertise on every step of the silicon-based value chain including metallurgical silicon, polysilicon, ingots, wafering, solar cell, and modules. The company supports new and existing projects in both established and emerging markets and is a technical knowhow-transfer based engineering house.

Based on its industrial experience in manufacturing at various parts of the PV value chain, Viridis.iQ has developed in-house process technology to reduce silicon waste and recycle silicon materials within the solar manufacturing production sequences.

In the early stage, Viridis.iQ GmbH will help SSEL finalize the conceptual design and devise the business plan to kickstart the project. Thereafter, it will provide the requisite technical/engineering support followed by construction and commissioning. Viridis.iQ GmbH will support the project for up to one year post-commissioning to stabilize the operations.

SSEL chief executive officer Sharat Chandra said the association with Viridis.iQ GmbH would strengthen SSEL in setting up one of India’s largest production facilities in the PV value chain. Wolfgang Herbst, executive director of Virids.iQ GmbH, said collaboration with SSEL helps his company to enter into the ever-growing Indian market and strengthen the business relations between both countries.

SSEL is a prominent player in the Indian distribution transformer manufacturing industry. It has also emerged as an EPC contractor in the segment over the past few years. Its major clients include state power distribution utilities across states such as Andhra Pradesh, Bihar, Madhya Pradesh, and Odisha.

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