HyET Solar eyes manufacturing 300 MW solar panels in India.

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 intend 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 recently. 

The company currently manufactures 5 MW solar panels and hopes to do 300 MW in Indiain near future. “It will entail an investment of 200 mn Euros,” he said. 

ET