HyET Solar to manufacture 300MW solar panels in India
Dutch foldable solar panel-maker HyET Solar BV seeks to “Make In India” and is eyeing partnerships with existing solar panel makers and a polymer-maker, said Pieter Veltman, commercial director of the company. He was quoted as saying, “Since 99 per cent of these solar panel sheets are polymer, it makes business sense for an existing polymer-maker like Reliance (Industries) to get into this business.” Having come to India to attend the Vibrant Gujarat 2019, he planned to a Memorandum of Understanding with Department of Energy and Petrochemicals, Gujarat government with an intention to set up a manufacturing facility for solar fabrication in the country. The state would facilitate the company to obtain permissions, registrations, approvals, clearances from departments concerned. The company currently manufactures 5 MW solar panels and hopes to do 300 MW in India in near future. “It will entail an investment of 200 million,” he said.