From pv journal India
State-run GAIL is eyeing photo voltaic manufacturing alternatives. It plans to fabricate PV merchandise with an undisclosed firm. They are going to construct an built-in photo voltaic manufacturing undertaking involving metallurgical grade silicon, polysilicon, ingot/wafers, cells, modules, and photo voltaic glass by way of a particular goal automobile (SPV).
GAIL and a possible companion plan to collaborate on the PV manufacturing undertaking by way of a joint particular goal automobile (SPV). GAIL mentioned it might purchase an agreed fairness stake within the SPV.
GAIL plans to conduct a due diligence examine for a PV manufacturing undertaking in collaboration with its potential companion/SPV. A guide can be employed to guage the chance based mostly on the information supplied by the companion/SPV. If the result’s optimistic, GAIL and its companion can go forward with the transaction, topic to board approval.
GAIL has diversified into renewable power with a 118 MW wind portfolio and about 14 MW photo voltaic.
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