HyET Solar planning to manufacture 300 MW solar panels in Gujarat, India

HyET Solar, Dutch foldable solar panel-maker is reportedly panning to manufacture 300 MW “Make In India” solar panels in Gujarat.

ET reports that the company is eyeing partnerships with existing solar panel makers and a polymer-maker.

Pieter Veltman, Commercial Director- HyET Solar, speaking to the publication 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.”

According to the report the company at the Vibrant Gujarat 2019 signed a MoU with Department of Energy and Petrochemicals, Gujarat government to set up a manufacturing facility for solar fabrication.

The state would facilitate the company to obtain permissions, registrations, approvals, clearances from departments concerned, it was disclosed today.

Currently the company manufactures 5 MW solar panels and expects to manufacture 300 MW in India in near future.