3 months ago
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PVV Infra Limited, an infrastructure company, has signed a Memorandum of Understanding (MoU) with ITC Services Company Limited, Taiwan, for consultancy, customisation, and exertion transportation relating to star compartment manufacturing, Battery Energy Storage Systems (BESS), micro-inverters and astute powerfulness electronics, too related renewable vigor products, integration solutions, and accumulation technologies.
The MoU provides for associated development, proceedings production, training, process stabilisation, and transportation of manufacturing documentation, with a phased improvement and exertion deployment program targeted for completion wrong 14–18 months, strengthening PVV Infra’s modulation into precocious renewable vigor manufacturing.
Also read: PVV Infra subsidiaries container 2 star powerfulness orders worthy ₹799 crore
“This collaboration is simply a cardinal strategical measurement toward establishing PVV Infra’s Integrated Clean Energy Manufacturing Complex, designed to see 1.2 GW star compartment manufacturing (TOPCon technology), 1 GW star module assembly, BESS assembly facilities and a micro-inverter manufacturing plant,” the institution said successful a statement.
The institution had earlier executed an MoU with the Government of Andhra Pradesh connected November 15, 2025, for the improvement of renewable vigor manufacturing infrastructure with an estimated task size of astir ₹650 crore.
Following the strategical exertion concern with ITC Services Company and enlargement of the task scope to see integrated manufacturing crossed star cells, modules, retention systems, and astute powerfulness electronics, the full task worth is present projected to beryllium enhanced to astir ₹1,250 crore taxable to phased implementation, financing closure, and execution milestones, the institution said.
The projects with investments supra ₹1,000 crore volition beryllium classified arsenic Mega Projects. The institution said it would basal to payment from subsidies offered by the A.P. Government for specified Mega Projects.
This enlargement is expected to accelerate home worth summation successful high-efficiency star and vigor retention technologies, trim import dependency for captious renewable vigor components, alteration entree to cardinal and authorities manufacturing incentives, fortify PVV Infra’s semipermanent positioning arsenic a vertically integrated clean-energy manufacturing platform, and make large-scale employment and make a determination renewable manufacturing ecosystem.
Besides, the committee has approved the assignment of Tse Hsiung Norman Lao arsenic an Additional Director (Non-Independent) with effect from 09 February 2026.
Mr. Lao is an internationally experienced exertion and planetary OEM ecosystem person with extended acquisition successful precocious electronics, exertion commercialisation, and planetary concern development.
