Alpex Solar Ltd has approved a definitive procurement agreement with TP Solar Ltd for supply of solar cells with a minimum aggregate capacity of 300 MW.
“[Procurement of solar cells from TP Solar] will secure long-term supply chain stability, support [Alpex’ PV module] manufacturing expansion, and enhance production capacity,” stated Alpex Solar. “This arrangement aligns with the company’s growth objectives and is anticipated to augment future operational scalability and market competitiveness.”
The tieup will allow Alpex to ensure seamless dispatch to public sector entities, including the Solar Energy Corp. of India Ltd (SECI), Central Mine Planning and Design Institute Ltd (an arm of Coal India Ltd), National Thermal Power Corp. (NTPC), and Singareni Collieries Co. Ltd (SCCL).
The tie-up will also ensure uninterrupted production flow till Alpex commences its own solar cell production at Kosi Kothwan factory during the current fiscal year.
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