Indian solar module maker and plant builder Vikram Solar has chosen the photovoltaic (PV) module production lines of German teamtechnik to support its expansion plans.
The companies today signed a memorandum of understanding (MOU) under which the Indian company will invest over INR 4 billion (USD 60m/ EUR 54m) in its capacity expansion, creating around 3,000 additional jobs by 2019.
Vikram Solar plans to grow its module production capacity to 2 GW from current 500 MW.
teamtechnik will supply the machines for solar PV module production and put them into operation as well as train operations managers, process engineers and service technicians at Vikram Solar.
A key factor for choosing the production technology of teamtechnik was the capability to integrate highly efficient technologies such as passivated emitter rear contact (PERC) and bifacial cells into the production process, the Indian company said in a press release.
The companies are also planning to collaborate in materials research, process optimization and production technology, with the intention of further improving efficiencies while continuing to reduce module costs.
The collaboration with teamtechnik supplements existing collaborations with Fraunhofer Institute for Solar Energy Systems ISE and Centrotherm, Vikram Solar noted.