Hyderabad, Feb 10: PVV Infra Limited, a leading Infrastructure Company has signed a Memorandum of Understanding (MoU) with ITC Services Company Limited, Taiwan, for consultancy, customization, and technology transfer relating to high-efficiency solar cell manufacturing, Battery Energy Storage Systems (BESS), micro-inverters and smart power electronics, besides related renewable energy products, integration solutions, and production technologies
The MoU provides for joint development, trial production, training, process stabilization, and transfer of manufacturing documentation, with a phased development and technology deployment plan targeted for completion within 14–18 months, strengthening PVV Infra’s transition into advanced renewable energy manufacturing.
This collaboration is a key strategic step toward establishing PVV Infra’s Integrated Clean Energy Manufacturing Complex, designed to include 1.2 GW solar cell manufacturing 1 GW solar module assembly, BESS assembly facilities and micro-inverter manufacturing plant.
The Company had earlier executed a MoU with the Government of Andhra Pradesh (15 November 2025) for development of renewable energy manufacturing infrastructure with an estimated project size of approximately ₹650 crore.
Following the strategic technology partnership with ITC Services Company Limited and expansion of the project scope to include integrated manufacturing across solar cells, modules, storage systems, and smart power electronics, the total project value is now proposed to be enhanced to approximately ₹1,250 crore, subject to phased implementation, financing closure, and execution milestones.
The projects with investments above ₹1,000 crore are classified as Mega Project. The Company stands to benefit from subsidies offered by AP Govt. for such Mega Projects. Company can bargain in investment subsidies, operations subsidies and other benefits.
This expansion is expected to accelerate domestic value addition in high-efficiency solar and energy storage technologies, reduce import dependency for critical renewable energy components, enable access to central and state manufacturing incentives, strengthen PVV Infra’s long-term positioning as a vertically integrated clean-energy manufacturing platform, and generate large-scale employment and create a regional renewable manufacturing ecosystem.
Besides, the Board has approved the appointment of Mr. Tse Hsiung Norman Lao as an Additional Director (Non-Independent) with effect from 09 February 2026. Mr. Lao is an internationally experienced technology and global OEM ecosystem leader with extensive experience in advanced electronics, technology commercialization, and international partnership development. His appointment is expected to strengthen the Company’s global technology partnership ecosystem, support commercialization and international market development initiatives, and enhance strategic execution capabilities in advanced manufacturing programs.
