GREW Solar to Invest Rs 30 Billion in 3 GW Solar Facility in MP
POWER & RENEWABLE ENERGY

GREW Solar to Invest Rs 30 Billion in 3 GW Solar Facility in MP

GREW Solar has announced an investment of Rs 30 billion to establish a 3 GW solar cell and module manufacturing facility in Madhya Pradesh. 
The 60-acre facility will be a three-stage, backward-integrated unit utilising tunnel oxide passivated contact (TOPCon) technology. This N-type silicon-based technology improves solar cell efficiency over traditional models, enhancing overall performance. The plant is expected to begin operations by 2026. 
Additionally, GREW Solar has commenced operations at its second unit in Jaipur, Rajasthan, and is constructing its phase-3 unit. Once completed, the Jaipur plant will have a total production capacity of 8 GW. 
Earlier, in May 2024, GREW Energy also revealed plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir, investing Rs 45 billion for the 80-acre project. This fully integrated, three-stage plant will produce 3.2 GW of solar modules and 2.8 GW of solar ingots, wafers, and cells annually. 
In April 2024, GREW Energy won 200 MW of the 400 MW tender issued by the Solar Energy Corporation of India to manufacture, test, and supply domestically produced solar modules. 
India's solar manufacturing capacity expanded in the first half of 2024, with an addition of 11.3 GW of module capacity and 2 GW of cell capacity, driven by a strong pipeline of solar projects and policy incentives. As of June 2024, the country's cumulative solar module manufacturing capacity stood at 77.2 GW, with solar cell capacity at 7.6 GW. 
(Mercom) 
              

GREW Solar has announced an investment of Rs 30 billion to establish a 3 GW solar cell and module manufacturing facility in Madhya Pradesh. The 60-acre facility will be a three-stage, backward-integrated unit utilising tunnel oxide passivated contact (TOPCon) technology. This N-type silicon-based technology improves solar cell efficiency over traditional models, enhancing overall performance. The plant is expected to begin operations by 2026. Additionally, GREW Solar has commenced operations at its second unit in Jaipur, Rajasthan, and is constructing its phase-3 unit. Once completed, the Jaipur plant will have a total production capacity of 8 GW. Earlier, in May 2024, GREW Energy also revealed plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir, investing Rs 45 billion for the 80-acre project. This fully integrated, three-stage plant will produce 3.2 GW of solar modules and 2.8 GW of solar ingots, wafers, and cells annually. In April 2024, GREW Energy won 200 MW of the 400 MW tender issued by the Solar Energy Corporation of India to manufacture, test, and supply domestically produced solar modules. India's solar manufacturing capacity expanded in the first half of 2024, with an addition of 11.3 GW of module capacity and 2 GW of cell capacity, driven by a strong pipeline of solar projects and policy incentives. As of June 2024, the country's cumulative solar module manufacturing capacity stood at 77.2 GW, with solar cell capacity at 7.6 GW. (Mercom)               

Next Story
Products

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Next Story
Infrastructure Energy

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Next Story
Infrastructure Energy

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation  and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India.   The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?