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Solar investments flow into Sunrise Andhra Pradesh from China

  • Andhra Pradesh Government has inked an MoU with China’s XI’AN LONGi Silicon Materials Corp for setting up Rs.1,500-crore solar module and cell manufacturing plant at Sri City, in Chittoor District of Andhra Pradesh.

  • The Chinese company will invest in a facility for manufacturing solar cells and modules with the capacity of 500 MW at Sri City, said Andhra Pradesh Chief Minister N Chandrababu Naidu.
  • Under phase I, this will create 1000 jobs.

  • The XI’AN LONGi Silicon Materials Corp is amongst the top 5 global silicon wafer producers with four production bases in China and 3 GW of wafer capacity.
  • Xi’an LONGi’s investment is also a major boost to India’s ambitious target of having 100 GW of solar power capacity by 2022 under National Solar Mission.

Source: TheHindu

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