UK firm secures lucrative order to supply Indian solar facility in Gujarat
A small cleantech firm in south-east England has secured a GBP 4 million order to supply its technology to a projected 2.0-gigawatt solar facility in Mundra, Gujarat, according to a top company official.
Gas Recovery and Recycle Limited (GR2L), an MSME (micro small and medium enterprise) business in Surrey, claims to have developed, patented and exported cutting-edge technology to reduce the energy consumption, carbon footprint and cost of manufacturing solar panels. It was backed by UK Export Finance (UKEF), the UK government’s export credit agency, with a GBP 475,000 guarantee issued under its Bond Support Scheme that helped secure the Indian order.
