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Infrastructure firm PVV Infra Restricted has signed a Memorandum of Understanding (MoU) with Taiwan’s ITC Providers Firm Restricted for consulting, customization, and expertise switch for photo voltaic cell manufacturing, battery vitality storage programs (BESS), microinverters, and good energy electronics, in addition to associated renewable vitality merchandise, built-in options, and manufacturing expertise.
The MoU supplies for joint improvement, prototyping, coaching, course of stabilization and switch of producing documentation, with a phased improvement and expertise implementation plan focused to be accomplished inside 14-18 months, strengthening the transition of PVV infrastructure to superior renewable vitality manufacturing.
“This partnership is a crucial strategic step in the direction of the institution of PVV Infrastructure’s built-in clear vitality manufacturing advanced, designed to incorporate 1.2 GW of photo voltaic cell manufacturing (TOPCon expertise), 1 GW of photo voltaic module meeting, a BESS meeting facility and a microinverter manufacturing plant,” the corporate mentioned in an announcement.
Beforehand, the corporate had signed a memorandum of understanding with the Andhra Pradesh authorities on November 15, 2025 for the event of renewable vitality manufacturing infrastructure with an estimated venture measurement of roughly 650 million rupees.
Following a strategic expertise partnership with ITC Providers Firm and growth of the venture scope to incorporate built-in manufacturing throughout photo voltaic cells, modules, storage programs and good energy electronics, the whole venture price is now proposed to extend to roughly Rs 1,250 crore, topic to phased implementation, completion of financing and execution milestones, the corporate mentioned.
Tasks with an funding of greater than Rs 1,000 crore are categorized as mega tasks. The corporate mentioned it will likely be capable of profit from the subsidy offered by the AP authorities for such mega tasks.
This growth is predicted to speed up home worth addition in high-efficiency solar energy and vitality storage applied sciences, scale back import dependence on essential renewable vitality elements, present entry to central and state manufacturing incentives, strengthen PVV infrastructure’s long-term place as a vertically built-in clear vitality manufacturing platform, create large-scale jobs, and construct a regional renewable vitality manufacturing ecosystem.
Moreover, the Board of Administrators authorized the appointment of Mr. Tse Hsiung Norman Lao as Further Director (Non-Unbiased) efficient February 9, 2026.
Mr. Rao is an internationally skilled expertise and international OEM ecosystem chief with in depth expertise in superior electronics, expertise commercialization, and worldwide partnership improvement.
