Websol signs MoU with Linton to explore PV ingot and wafer manufacturing in India

Websol Energy System Limited (Websol or the Company) (BSE: 517498, NSE: WEBELSOLAR), a leading manufacturer of high-efficiency solar cells and modules, has entered into a Memorandum of Understanding (MoU) with Linton, a global leader in PV ingot and wafer equipment technology.

Both parties have agreed to explore the opportunity of manufacturing Photovoltaic (PV) ingots and wafers in India, where Websol intends to acquire PV ingot and wafer manufacturing equipment from Linton. As part of this relationship, Linton will also extend technical expertise, including the training and skills development of Websol's team, to ensure equipment related operations and processes are optimised.

Linton Crystal Technologies, headquartered in Rochester, New York, is a global leader in the design and manufacturing of Czochralski (CZ) furnaces and process control systems. It offers comprehensive solutions for growing high-quality crystals, including those used in the photovoltaic industry. With over three decades of innovation, Linton provides a wide range of equipment, from CZ growers to crystal processing equipment, enabling the efficient production of ingots and wafers for solar applications.

As India ramps up its solar capacity over the coming years, this partnership will contribute to the country's energy security and sustainability goals, while Websol remains at the forefront of technological advancement in the solar manufacturing sector.

Commenting on this strategic initiative, Mr. Sohan Lal Agarwal, Managing Director, Websol Energy System said: "This partnership with Linton represents yet another milestone in Websol's strategic journey in building India's fully integrated solar manufacturing ecosystem. By exploring PV ingot and wafer manufacturing capabilities, we aim to reduce our dependence on key raw material imports and enhance the Company's technology base. Linton is our ideal partner, given their global expertise in ingot and wafer technologies, along with three decades of experience in solar cell and module manufacturing. Together we are well positioned to capture the next wave of opportunities in India's rapidly evolving solar industry."

Source : Equity Bulls

Keywords

WebsolEnergySystem MoU Linton PVIngot WaferEquipment