From pv journal India

State-run GAIL is eyeing photo voltaic manufacturing alternatives. It plans to fabricate PV merchandise with an undisclosed firm. They may construct an built-in photo voltaic manufacturing undertaking involving metallurgical grade silicon, polysilicon, ingot/wafers, cells, modules, and photo voltaic glass by a particular goal automobile (SPV).

GAIL and a possible accomplice plan to collaborate on the PV manufacturing undertaking by a joint particular goal automobile (SPV). GAIL stated it might purchase an agreed fairness stake within the SPV.

GAIL plans to conduct a due diligence research for a PV manufacturing undertaking in collaboration with its potential accomplice/SPV. A marketing consultant will probably be employed to judge the chance based mostly on the information offered by the accomplice/SPV. If the result’s constructive, GAIL and its accomplice can go forward with the transaction, topic to board approval.

GAIL has diversified into renewable vitality with a 118 MW wind portfolio and about 14 MW photo voltaic.

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