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Miasole Solar Panels Produce Power at KSK Coal Plant

(Corrects reference to KSK Power in first paragraph.)

March 25 (Bloomberg) -- Miasole Inc., the thin-film solar panel maker owned by China’s Hanergy Holding Group Ltd., said KSK Power Ventur Plc has begun operating a project that uses its equipment adjacent to one of the company’s coal-fired power plants.

The U.S. Export-Import Bank provided $9 million of debt financing for the 11.6-megawatt project, which began operating Feb. 26 in Rajasthan, India, Miasole said today in an e-mailed statement. It’s adjacent to KSK’s coal-fired power plant and part of 100 megawatts of solar it expects to install within the next year, according to the statement.

Miasole, based in Santa Clara, California, has supplied its panels to three additional projects completed in India since 2012, and one of those also was funded by an Ex-Im Bank loan, the company said.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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