PVV Infra signs tech partnership with Taiwan’s ITC Services Company Business News & Hub

PVV Infra Limited, an infrastructure company, has signed a Memorandum of Understanding (MoU) with ITC Services Company Limited, Taiwan, for consultancy, customisation, and technology transfer relating to 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 stabilisation, 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.

Also read: PVV Infra subsidiaries bag two solar power orders worth ₹799 crore

“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 (TOPCon technology), 1 GW solar module assembly, BESS assembly facilities and a micro-inverter manufacturing plant,” the company said in a statement.

The company had earlier executed an MoU with the Government of Andhra Pradesh on November 15, 2025, for the development of renewable energy manufacturing infrastructure with an estimated project size of approximately ₹650 crore.

Following the strategic technology partnership with ITC Services Company 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 company said. 

The projects with investments above ₹1,000 crore will be classified as Mega Projects. The company said it would stand to benefit from subsidies offered by the A.P. Government for such Mega Projects.

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 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 commercialisation, and international partnership development.