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

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

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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

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