NEW DELHI : Power and infrastructure firm Jakson Group on Tuesday introduced that it has signed an settlement with Jinchen Corp, a turnkey provider of superior photo voltaic module manufacturing gear and know-how in China.
“The affiliation is a step ahead in Jakson Group’s targets to broaden its photo voltaic PV manufacturing capacities additional in India upto 3 GW yearly and can strengthen its plans to cater worldwide markets,” the corporate stated in a press launch.
This total manufacturing functionality of three GW will probably be achieved in a phased-wise method over the following few years, with this upcoming part anticipated to be accomplished with set up of further 600 MW in direction of the mid of 2023, in collaboration with Jinchen Corp.
It added that the settlement will increase Jakson Group’s current 500-MW facility at Better Noida and can take the full module manufacturing capability to 1.1 GW.
“With this partnership, we envisage to get nearer to our near-term purpose of attaining photo voltaic manufacturing capability of three GW by FY26. It should assist us meet the rising international demand for photo voltaic power as we plan to export photo voltaic modules to worldwide markets too,” stated Bharat Gupta, head – photo voltaic worldwide enterprise, Jakson Group.
“Our affiliation with them will present us a possibility to showcase our superior photo voltaic module manufacturing know-how to the world. Collectively, we hope to make a distinction in making a extra sustainable world,” stated Vikas Singh, normal supervisor – Indian operations, Jinchen Corp.
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Supply: Live Mint