Technologies Limited announced that its wholly owned subsidiary, Sungen
International Limited, has won a contract worth approximately $20 million to
supply the Group’s in-house produced amorphous silicon (a-Si) thin film solar
panel for a solar farm project in India. The thin film panel has been
scheduled for delivery in the second half of this year.
expansion into India’s
lucrative solar market is opportune as the country is aggressively expanding
its solar power capacity. The Government of India has rolled out its National
Solar Mission, a major three-phase solar roadmap to meet a 20 GW large-scale
grid-connected solar power capacity target by 2022. The 20 GW solar masterplan
is expected to attract an overall investment of about $70 billion.