17 May '11, 2am

Khosla Ventures-backed SunBorne Enters Indian Solar PV Market, Plans 500 MW capacity by 2015

Khosla Ventures-backed SunBorne Enters Indian Solar PV Market, Plans 500 MW capacity by 2015

SunBorne Energy, a Kholsa Ventures-backed company and Suntech Power Holdings Co. Ltd., the world’s largest producer of solar panels have entered into an agreement for the supply of 100 MW solar panels for solar PV projects in India over the next two years. The agreement includes an initial order of 10 MW for a project in Gujarat, India. “We chose Suntech because of their clear technology leadership and long-term commitment to India,” stated SunBorne Energy Managing Director and CEO James Abraham. “We are proud to support the Gujarat government in their endeavor to bring clean power to India and attain energy security.” According to the agreement, Suntech will supply 280 Watts polycrystalline modules for Indian solar PV projects and SunBorne will provide turnkey services including design, installation and commissioning of the power plants. The deal is worth about $150 milli...

Full article: http://cleantechnica.com/2011/05/16/khosla-ventures-backe...

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