IIT-Madras Research Park Signs Thin Film R&D MoU with First Solar
Chennai, January 29, 2023: IIT Madras Research Park (IITMRP), India’s first university-based research park, today announced that it has signed a Memorandum of Understanding with First Solar, Inc. (Nasdaq: FSLR), the largest American photovoltaic (PV) solar manufacturer(First Solar).
The two organizations intend to cooperate on a range of research and development (R&D) activities including the localization of supply chains in India of thin film and other next-generation PV technologies, high-volume manufacturing, testing of PV modules, and high-value recycling.
Prof. Ashok Jhunjhunwala, President – IIT Madras Research Park, IITM Incubation Cell & RTBI, said, “First Solar is the world leader in thin film solar and its knowledge and track record in both R&D and high volume manufacturing represents a tremendous opportunity for India, which is working to secure its clean energy supply chains. First Solar has demonstrated the potential of thin film to counter China’s dominance of crystalline silicon with high performance solar panels that are competitive, sustainable, and responsibly produced. We are pleased to collaborate with the company to broaden our understanding of its technology, while sharing our expertise in renewables.”
Unique among the world’s ten largest solar manufacturers for being the only US-headquartered company, for not using a crystalline silicon (c-Si) semiconductor, and for not manufacturing in China, First Solar produces its thin film PV modules using a fully integrated, continuous process under one roof and does not rely on Chinese c-Si supply chains. The company’s eco-efficient module technology, which uses its proprietary Cadmium Telluride (CadTel) semiconductor, has the lowest carbon and water footprints of any PV module available today.
Kuntal Kumar Verma, Chief Manufacturing Officer, First Solar, on the MoU said, “First Solar has a long history of investments in R&D and partnerships with leading academic institutions around the world and we’re thrilled to initiate what we anticipate will be a robust partnership with the IIT Madras Research Park,” said Kuntal Kumar Verma, chief manufacturing officer, First Solar. “The MoU covers a number of areas that directly support India’s decarbonization, energy independence, and sustainability goals and we would be pleased to share our experience, while also benefitting from the institution’s expertise in areas such as field testing.”
In 2021, First Solar announced that it would invest in a new full vertically integrated thin film solar manufacturing facility in Tamil Nadu with an annual capacity of 3.3 gigawatts (GW)DC. The facility, located in Pillaipakkam, Tamil Nadu, is expected to be commissioned in the second half of 2023
ABOUT IIT MADRAS RESEARCH PARK
IIT Madras Research Park is India’s first University-based Research Park and a Section 8 Not-for-Profit Company home to 75+ R&D companies, 240+ Startups and 9 Centre of Excellence. Envisioned to “Bringing unlike minds together”, the Research Park primarily focuses on pioneering Industry-Academia interaction leading to commercialization of scalable and unique technology-based solutions, several of which have found wide market reach. The Research Park holds high eminence for epitomizing an innovation paradigm ecosystem across geographical boundaries, driving the roadmap towards achieving mammoth technological goals for India through its flagship project- 10X.
For more information about IIT Madras Research Park visit: https://respark.iitm.ac.in/
About First Solar, Inc.
First Solar is a leading American solar technology company and global provider of responsibly produced eco-efficient solar modules advancing the fight against climate change. Developed at R&D labs in California and Ohio, the company’s advanced thin film photovoltaic (PV) modules represent the next generation of solar technologies, providing a competitive, high-performance, lower-carbon alternative to conventional crystalline silicon PV panels. From raw material sourcing and manufacturing through end-of-life module recycling, First Solar’s approach to technology embodies sustainability and a responsibility towards people and the planet. For more information, please visit www.firstsolar.com.
