PVV Infra Signs MoU with Taiwan’s ITC for Advanced Solar, BESS, and Smart Electronics Manufacturing

PVV Infra Ltd., a leading infrastructure company, has signed a Memorandum of Understanding (MoU) with ITC Services Company Ltd., Taiwan, for consultancy, technology transfer, and customisation in solar cell manufacturing, Battery Energy Storage Systems (BESS), micro-inverters, smart power electronics, and related renewable energy integration solutions.

Under the MoU, both parties will jointly undertake development, trial production, training, process stabilisation, and transfer of manufacturing documentation. The phased development and technology deployment plan is expected to be completed within 14–18 months, bolstering 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, which will include 1.2 GW solar cell production using TOPCon technology, 1 GW solar module assembly, BESS assembly facilities, and a micro-inverter manufacturing plant,” the company stated.

PVV Infra had earlier signed an MoU with the Government of Andhra Pradesh on November 15, 2025, for renewable energy manufacturing infrastructure with a project size of roughly INR 650 crore. Following the partnership with ITC Taiwan and expanded scope across solar cells, modules, storage systems, and smart power electronics, the total proposed project value is now around INR 1,250 crore, subject to phased implementation, financing closure, and execution milestones.

With investments exceeding INR 1,000 crore, the project qualifies as a Mega Project, making PVV Infra eligible for state subsidies. The expansion is expected to enhance domestic value addition in high-efficiency solar and energy storage technologies, reduce import dependency, leverage central and state incentives, strengthen PVV Infra’s position as a vertically integrated clean-energy platform, and generate large-scale employment while creating a regional renewable manufacturing ecosystem.

Additionally, the board approved the appointment of Tse Hsiung Norman Lao as an Additional Director (Non-Independent) effective February 9, 2026. Lao brings international experience in advanced electronics, technology commercialisation, and global OEM partnerships.