PVV Infra, on Tuesday, said that it has signed a Memorandum of Understanding (MoU) with ITC Services Company, Taiwan, for consultancy, customisation, and technology transfer relating to high-efficiency solar cell manufacturing, Battery Energy Storage Systems (BESS), micro-inverters and smart power electronics, besides related renewable energy products, integration solutions, and production technologies.

According to the statement, projects with investments exceeding ₹1,000 crore are classified as Mega Projects. The company stands to benefit from subsidies offered by the Andhra Pradesh government for such projects. These include investment-linked subsidies, operational subsidies, and other incentives.

Under this MoU, 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.

The company said that 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.

On 15 November 2025, the Company executed a MoU with the Government of Andhra Pradesh 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 Limited 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.

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 Mr. 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 commercialization, and international partnership development. His appointment is expected to strengthen the Company’s global technology partnership ecosystem, support commercialization and international market development initiatives, and enhance strategic execution capabilities in advanced manufacturing programs.