At the Vibrant Gujarat Global Summit, HyET Solar will sign a memorandum of understanding with the state to set up a solar module manufacturing facility.
Dutch foldable solar panel-maker HyET Solar BV seeks to “Make In India” and is eyeing partnerships with existing solar panel makers and a polymer-maker, commercial director of the company Pieter Veltman said.
“Since 99% of these solar panel sheets are polymer, it makes business sense for an existing polymer-maker like Reliance (Industries) to get into this business,” he told ET.
Here to attend the Vibrant Gujarat 2019, he will sign a Memorandum of Understanding with Department of Energy and Petrochemicals, Gujarat government with an intention to set up a manufacturing facility for solar fabrication here.
The state would facilitate the company to obtain permissions, registrations, approvals, clearances from departments concerned, it was disclosed today.
The company currently manufactures 5 MW solar panels and hopes to do 300 MW in India in near future. “It will entail an investment of 200 million Euros,” he said.
The Dutch firm’s flexible modules are chiefly designed for rooftop applications due to their aesthetics and ability to fit all roof types and spaces.