Triton Solar To Set up Solar Battery Fab In India

Flexible Solar Cell Solution Provider From US, Triton Solar To Invest INR 7.27 Billion ($100 Million) For Solar Battery Manufacturing Plant In India’s Andhra Pradesh
04:07 AM (Beijing Time) - 01. October 2018
triton solar

US company Triton Solar approached the Andhra Pradesh administration to set up a solar battery manufacturing facility in the southern Indian state, according to the state government. Pictured here is the 10 kWh battery system from Triton Solar. (Photo Credit: Triton Solar LLC)

Key Takeaways

  • Triton Solar has signed a MoU with Andhra Pradesh’s Economic Development Board to set up a production plant for solar batteries in the southern Indian state
  • It plans to invest INR 7.27 billion ($100 million) on the plant that will be developed on PPP mode
  • Solar batteries will be produced using nano and lithium polymers that will help with conversion of electrical vehicles and securing 200 MW solar power storage supply to meet state’s solar energy needs

United States (US) based flexible solar cell, lighting and battery manufacturer Triton Solar will invest INR 7.27 billion ($100 million) to set up a solar battery manufacturing plant in southern Indian state of Andhra Pradesh.

According to a memorandum of understanding (MoU) signed with the Andhra Pradesh Economic Development Board (EDB), Triton Solar will work on a public private partnership (PPP) mode.

The US company will invest the money in a phased manner for the solar battery unit which will help with the conversion of electrical vehicles and securing 200 MW solar power storage supply to meet the state’s solar energy needs, stated a short official statement on the website of Andhra Pradesh’s Chief Minister Chandrababu Naidu. He said Trition’s management, Chairman Himanshu Patel and Managing Partner Nand Sandilya proposed the idea.

At the proposed fab, Triton Solar will manufacture nano and lithium polymer batteries. Back home, in the US it uses nanotechnology to make solar panels, batteries and flexible lighting that allows them to ‘bend, fold and cut without disrupting’. It is not yet clear where or when the plant will be located, or how much annual production capacity it will have.

Andhra Pradesh has been inviting companies to set up shop in the state. In March 2018, it entered 734 MoUs with businesses, out of which 20 were related to the field of solar energy representing over INR 804 billion ($12.39 billion) investment (see Indian State Signs 20 PV-Related MoUs At Summit). Before that, in January 2018, China’s CETC Renewable Energy Technology Company signed a MoU with Andhra Pradesh to set up a $50 million PV cell fab here (see Chinese PV Cell Factory For Andhra Pradesh).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani