Saturday, April 19, 2008

Solar beats in India

I've hinted before that India is an emerging solar hub. In the estimation of leading venture capitalist, Vinod Khosla, the concentration of engineering talent emerging from India is poised to help India grow into a serious clean tech player. I've noticed quite a bit of solar business action this month on the Indian front, so I thought it would be worth compiling some these stories here:

Orb Energy, a provider of solar energy systems in India, a received a prestigious award for US$1 million from the U.S. State Department in support of the goals of the Asia-Pacific Partnership on Clean Development and Climate.

Moser Baer India Limited, a global technology company, recently announced that its subsidiary, Moser Baer Photo Voltaic Limited has signed an agreement with China-based LDK Solar for sale and delivery of high quality multicrystalline silicon wafers to MBPV over a ten-year period commencing in mid-2008 through 2017.

Clear Skies Solar, Inc. (OTCBB: CSKH.OB) announced a $20 million agreement, subject to financing, with Power Cube, a company located in Utter Pradesh, India to develop and construct the first of several solar energy projects in India.

Spire Corporation (Nasdaq: SPIR), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules worldwide, will provide Alpex Exports Pvt. Ltd. a photovoltaic module assembly line for that company's operations in New Delhi, India.

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