Grew Energy, a renewable energy venture of the Chiripal Group, has announced its intentions to establish a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir. The company revealed that it would be investing Rs 45 billion in setting up the fully integrated three-stage facility, spanning 80 acres of land.

Upon its completion, the plant is expected to possess an annual production capacity of 3.2 GW of high-efficiency solar modules and 2.8 GW of solar ingots, wafers, and cells.

CEO Vinay Thadani expressed that the new plant would contribute significantly to the socio-economic development of the state and would also play a pivotal role in fulfilling India?s net zero target. Additionally, Thadani emphasized that it would create employment opportunities for the people of Jammu & Kashmir.

With its existing 2.8 GW module facility in Rajasthan and the addition of the new unit, Grew Energy aims to achieve a total manufacturing capacity of 6 GW for modules and 2.8 GW for solar components by fiscal year 2025.

In the previous month, the company emerged as the successful bidder in Solar Energy Corporation of India?s (SECI) auction for the manufacturing, testing, packaging, forwarding, supplying, and transporting of 200 MW domestically manufactured solar modules, with each MWp valued at ?22.66 million (~$271,597).

Furthermore, in the preceding year, SECI had declared the company as a winner, making it eligible to receive a total of Rs 5.67 billion under Tranche II of the performance-linked incentive program to manufacture 2 GW of solar modules.

Earlier this year, Jammu and Kashmir had been chosen as the location for GoodEnough Energy?s Rs 4.50 billion battery energy storage systems gigafactory, boasting a capacity of 7 GWh. The gigafactory is anticipated to commence operations in October 2024, with plans to scale up its capacity to 20 GWh by 2026.