Energy Puzzle Group to open $190 million renewables plant in Sri Lanka

Energy
Puzzle Group, a solar energy technology company based in Sydney, announced that
it had signed an agreement with the Sri Lankan government to build a collar pholtovoltaic
factory in the country’s south.

According
to Renew Economy
, the company will be making solar cells and panels, and have a
capacity of “up to 150 MW a year” in its initial stages. It will reportedly
cost $190 million to build and be located in Hambantota.

The deal was signed last Friday.

An EPG
director, Patrick Featherson, said 150 jobs
at the site would be filled by Australians and Sri Lankans, and, “Once Phase
One is up and operational, based on demand they would look at expanding not
only in solar panels, but will also move into energy storage and other
renewables as well, R&D and software development.”

China’s Global Times reports that
Featherston explained the location as attractive logistically.

“It is a deep water port and there are no deep
water ports in the southern part of India,” he said.

“We feel that both bringing materials into
Sri Lanka and within the new free port area, we will be able to manufacture and
export quite quickly at quite a low expense.”

Manufacturing
will begin at the site in the first quarter of 2015, according to EPG.

 

Image: caribbeanbusinesspr.com