ReNew Power Finalises Solar Cell Units In Rajasthan & Gujarat
- Gujarat will see the establishing of a solar cell as well as module manufacturing center. The Gujarat unit will take pride in an annual capacity of 2 GW.
- In Rajasthan, the facility for the manufacture of solar modules will certainly have an annual capacity worth 4 GW.
Gurugram-based renewable energy company ReNew Power is investing a sum of Rs 2,000 crore in the direction of the establishment of module production and also solar cell units in Gujarat as well as Rajasthan, the Chairman as well as Founder of Renew Power, Sumant Sinha has actually disclosed.
The company is additionally taking a look at chances for investment in Uttar Pradesh while additionally setting sights on increasing across India. The passion has already started to take shape with the said Rs 2000 crore worth investment, as part of which, Gujarat will certainly see the setting up of a solar cell and also module manufacturing center. The Gujarat unit will certainly take pride in an annual capacity of 2 GW. In Rajasthan, the facility for the manufacture of solar modules will have a yearly capacity worth 4 GW.
While the Gujarat center will be set into operation by December quarter next , the one in Rajasthan is set to come to be functional by the very first quarter of 2023-24.
Renew Power is a subsidiary of ReNew Energy Global Plc, amongst the biggest renewable resource independent power producers (IPPs) on the planet. Lately, the firm revealed the installments of India's very first 3x platform Wind Turbine Generators (WTG) in Gadag, Karnataka. The WTGs have a nameplate capacity of 3.3-3.465 MW as well as are 128-140m in height. They provide significantly enhanced capacity over models installed in India to date, which usually have a nameplate capacity of 2-3 MW. In an additional development, Norfund and KLP have introduced that they will certainly spend around Rs 900 million in partnership with ReNew Power for 49% possession risk in ReNew's transmission project in the Koppal area of Karnataka state in India, with aspirations for further joint investments.
