New Delhi, Apr 28 (PTI) CubicPV has inked a multi-year agreement with Waaree Energies to supply one GW of silicon cells per annum.
“CubicPV and Waaree Energies Ltd, India’s leading solar module manufacturer, today announced that they have entered into a multi-year supply agreement in which CubicPV will supply per annum 1 GW of silicon cells to Waaree,” a statement said.
The cells will feature wafers made with CubicPV’s transformative Direct Wafer technology that produces wafers in one step, directly from a molten bath of silicon. The agreement intends to strategically position Waaree to capture robust industry growth by delivering the lowest levelised cost of electricity (LCOE) to the Indian utility-scale market.
Frank van Mierlo, CEO, CubicPV said, “The synergy between one of the leading module manufacturers in India and Cubic’s innovation agenda will create value for both companies and the solar industry in India”.
The partnership between the two companies aims to strengthen India’s domestic solar manufacturing ecosystem, with CubicPV providing the basis for a domestic supply line for Waaree and a level of immunity with respect to the logistics challenges and volatile commodity pricing that has defined the import market.
“We believe that CubicPV’s technologies will deliver significant benefit to our customers and the Indian solar market both immediately and in the long run,” said Hitesh Doshi, Chairman and MD, Waaree. PTI KKS KKS BAL BAL BAL
