PVV Infra Limited, a leading Infrastructure Company, has formalised a strategic collaboration after PVV Infra signs MoU with ITC Taiwan, entering into a Memorandum of Understanding (MoU) with ITC Services Company Limited, Taiwan. The agreement covers consultancy, customization, and technology transfer related to high-efficiency solar cell manufacturing, Battery Energy Storage Systems (BESS), micro-inverters, smart power electronics, and other associated renewable energy products, integration solutions, and production technologies.
As outlined in the MoU, the partnership will focus on joint development initiatives, trial production, training programmes, process stabilization, and the transfer of manufacturing documentation. The framework follows a phased development and technology deployment plan, with completion targeted within a 14–18 month timeline. This structured approach is intended to reinforce PVV Infra’s transition toward advanced renewable energy manufacturing capabilities.
The collaboration marks a significant milestone in the development of PVV Infra’s Integrated Clean Energy Manufacturing Complex. The planned facility is designed to incorporate 1.2 GW solar cell manufacturing using TOPCon technology, a 1 GW solar module assembly unit, Battery Energy Storage Systems assembly facilities, and a dedicated micro-inverter manufacturing plant.
The Company had earlier executed a MoU with the Government of Andhra Pradesh on 15 November 2025 for the development of renewable energy manufacturing infrastructure. That agreement envisaged an estimated project size of approximately ₹650 crore.
Following the strategic technology partnership under which PVV Infra signs MoU with ITC Taiwan, and with the expansion of the project scope to include integrated manufacturing across solar cells, modules, storage systems, and smart power electronics, the total proposed project value has now been revised to approximately ₹1,250 crore. This enhancement remains subject to phased implementation, financing closure, and the achievement of execution milestones.
Projects involving investments above ₹1,000 crore are classified as Mega Project. The Company stands to benefit from subsidies offered by the AP Govt. for such Mega Projects. Company can bargain in investment subsidies, operations subsidies and other benefits.
The expanded initiative is expected to accelerate domestic value addition in high-efficiency solar and energy storage technologies. It is also intended to 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 while fostering a regional renewable manufacturing ecosystem.
In a separate development, 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 expertise 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.