Don’t miss action in Websol Energy; here’s why!

The commitment between Websol Energy Systems Limited and IREDA has been solidified through a charge on project assets

Get ready for an electrifying session on Monday as Websol Energy Systems Ltd, a Kolkata-based solar panel manufacturer, gears up to commission not just one, but two ground-breaking facilities. With a vision for the future, Websol plans to establish a Mono PERC bifacial solar cell manufacturing facility with an impressive capacity of 600 megawatts peak (MWP) alongside a module manufacturing facility with a capacity of 550 MWP.

But that's not all! The real catalyst that could propel the company's stock to new heights lies in the sanctioned credit facility received from the Indian Renewable Energy Development Agency (IREDA). This support has come in the form of a term loan amounting to a staggering Rs 179.20 crore. Websol Energy Systems wasted no time and promptly signed the agreement, marking a significant milestone towards the financial closure with IREDA.

The commitment between Websol Energy Systems Limited and IREDA has been solidified through a charge on project assets. This charge, amounting to Rs. 179.20 crore, has been duly secured, and a unique Charge Identification Number: 100726342 has been assigned, ensuring the smooth progress of the expansion plan.

You may be wondering, what exactly is a Mono PERC bifacial solar cell manufacturing facility? In simple terms, it's a cutting-edge facility where solar cells are produced. However, what sets these solar cells apart is their composition of monocrystalline silicon, which maximizes their efficiency in converting sunlight into electricity. Moreover, the cells boast a PERC (Passivated Emitter Rear Cell) design, enhancing their performance even further.

The term "bifacial" is equally intriguing. It refers to the cells' ability to generate electricity not only from the front side but also from the back side. This remarkable feature is achieved through their design, allowing them to absorb sunlight from both directions. As a result, these innovative solar cells have an amplified energy output, making them exceptionally efficient at harnessing solar power.

In the stock market, Websol Energy Systems Ltd ended Friday's session with a minor loss of 0.37 percent, closing at Rs 90.40. However, investors and enthusiasts alike are urged to keep a keen eye on this stock come Monday. The upcoming developments and the company's foray into advanced solar cell manufacturing could be a game-changer, potentially driving the stock to new heights.

With the commissioning of the Mono PERC bifacial solar cell manufacturing facility and the module manufacturing facility, Websol Energy Systems Ltd is positioning itself as a formidable player in the solar energy sector. As the world continues to prioritize sustainable energy solutions, Websol's pioneering efforts promise a brighter and cleaner future powered by the sun.