Grew Energy's 3.2 GW solar module plant in Jammu & Kashmir
POWER & RENEWABLE ENERGY

Grew Energy's 3.2 GW solar module plant in Jammu & Kashmir

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code