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US thin film to build 11.6MW PV power project in India

Californian firm Miasole exports thin-film PV panels for project in support of India's Jawaharlal Nehru National Solar Mission

US firm Miasole says it is a pioneer in the development of thin-film PV solar panels

US thin film PV is being used to build a 11.6MW solar power plant project in India. Californian solar energy firm Miasole has exported its thin-film solar panels to the photovoltaic project, which is being constructed in Indian state Rajasthan.

The US company, which develops copper indium gallium selenide (CIGS) thin-film PV solar panels, has exported the panels with the support of a USD 9m direct loan from the Export-Import Bank of the United States (Ex-Im Bank).

The Indian borrower, Sai Maithili Power Company is a single-purpose solar company formed by firm KSK Energy Venture. The firm has used Miasole's high-efficiency, thin-film PV solar panels in the construction of the recently commissioned project, which is being built in support of India's Jawaharlal Nehru National Solar Mission.

Ex-Im Bank chairman and president Fred P. Hochberg, said: "Ex-Im Bank exists to help companies create and maintain American jobs through exports. This is Ex-Im's second financing of Miasole's exports to India, a growing market for renewable-energy goods and services. Through this support, Ex-Im Bank is assisting the company in expanding its manufacturing base and creating many new jobs."

The project follows Ex-Im Bank providing a USD 3.7m loan to finance exports of Miasole's thin-film PV solar panels for a solar project in the Indian state of Gujarat.

"Ex-Im Bank's support of Miasole's California-made solar modules for projects in India lowers the cost of capital and will enable Miasole to expand US exports and create jobs in California," said Miasole CEO John Carrington. "We look forward to continuing to work with Ex-Im Bank in 2013 as Miasole expands its global footprint and business model to invest in projects, acquire project pipeline and partner with leading developers and engineering, procurement and construction (EPC) companies in sustainable markets such as India."

Miasole said it is a pioneer in the development of copper indium gallium selenide (CIGS) thin-film PV solar panels, which are among the highest-efficiency and lowest-cost solar panels. Due to its expanding export-related business, the company is doubling its workforce to 400 employees in California this year.

Miasole is the latest western firm to supply its PV technology for solar power projects in India. In February, 2013, a 40MW Indian power plant went into operation which was equipped with PV inverters from German firm SMA Solar Technology. Indian power plant owner Azure Power reported the performance of the technology a success in early March this year.