+
Waaree Plans Rs 80 Billion Solar Plant and Seek 500 Acre in Nagpur
POWER & RENEWABLE ENERGY

Waaree Plans Rs 80 Billion Solar Plant and Seek 500 Acre in Nagpur

Waaree Energies (WEL), the largest solar PV module manufacturer in India, is exploring the possibility of acquiring 500 acres of land in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing facility. If the proposal is finalised, it would further strengthen the city’s position as a growing hub for renewable energy equipment manufacturing.

WEL representatives recently visited the Additional Butibori industrial estate of Maharashtra Industrial Development Corporation (MIDC) to evaluate potential sites. Although the company has yet to submit a final proposal, sources familiar with the development indicated that the state government remains optimistic about securing this major investment.

With WEL’s potential entry, the total projected investments in renewable energy equipment manufacturing in Nagpur are estimated to reach Rs 410 billion. This includes on-going projects from Avaada Group and JSW Group, positioning Nagpur as a key destination for solar cell and panel manufacturing. Avaada Group has already begun constructing its plant at the Additional Butibori estate, with operations expected to start by March. The company is investing Rs 136.50 billion in a wafer-to-module manufacturing facility, which will have an initial capacity of 6GW for solar cells and 5GW for modules.

JSW Group has also shown interest in acquiring approximately 550 acre of land in Nagpur for a lithium-ion battery manufacturing unit, with an initial investment of Rs 120 billion. Additionally, another Mumbai-based company is reportedly considering investing Rs 80 billion in the region, according to sources.

The surge in interest from renewable energy companies is partly attributed to expectations surrounding the potential return of US President Donald Trump to power. It is anticipated that his administration would reduce the US’s dependence on China for renewable energy products, creating opportunities for Indian manufacturers to expand their presence in the American market. Several Indian companies in the renewable energy sector are already exporting to the US, where Indian-made solar panels have gained a competitive edge, sources in the industry revealed.

The anticipated investments are expected to provide a significant boost to the local economy, especially benefiting Micro, Small, and Medium Enterprises (MSMEs). Julfesh Shah, Chairman of the Chamber of Small Industries Association (COSIA), remarked that Nagpur is emerging as a preferred destination for solar panel and module manufacturers, which is likely to attract ancillary industries and support the growth of the MSME sector.

Waaree Energies (WEL), the largest solar PV module manufacturer in India, is exploring the possibility of acquiring 500 acres of land in Nagpur for a proposed Rs 80 billion investment in a solar cell and panel manufacturing facility. If the proposal is finalised, it would further strengthen the city’s position as a growing hub for renewable energy equipment manufacturing. WEL representatives recently visited the Additional Butibori industrial estate of Maharashtra Industrial Development Corporation (MIDC) to evaluate potential sites. Although the company has yet to submit a final proposal, sources familiar with the development indicated that the state government remains optimistic about securing this major investment. With WEL’s potential entry, the total projected investments in renewable energy equipment manufacturing in Nagpur are estimated to reach Rs 410 billion. This includes on-going projects from Avaada Group and JSW Group, positioning Nagpur as a key destination for solar cell and panel manufacturing. Avaada Group has already begun constructing its plant at the Additional Butibori estate, with operations expected to start by March. The company is investing Rs 136.50 billion in a wafer-to-module manufacturing facility, which will have an initial capacity of 6GW for solar cells and 5GW for modules. JSW Group has also shown interest in acquiring approximately 550 acre of land in Nagpur for a lithium-ion battery manufacturing unit, with an initial investment of Rs 120 billion. Additionally, another Mumbai-based company is reportedly considering investing Rs 80 billion in the region, according to sources. The surge in interest from renewable energy companies is partly attributed to expectations surrounding the potential return of US President Donald Trump to power. It is anticipated that his administration would reduce the US’s dependence on China for renewable energy products, creating opportunities for Indian manufacturers to expand their presence in the American market. Several Indian companies in the renewable energy sector are already exporting to the US, where Indian-made solar panels have gained a competitive edge, sources in the industry revealed. The anticipated investments are expected to provide a significant boost to the local economy, especially benefiting Micro, Small, and Medium Enterprises (MSMEs). Julfesh Shah, Chairman of the Chamber of Small Industries Association (COSIA), remarked that Nagpur is emerging as a preferred destination for solar panel and module manufacturers, which is likely to attract ancillary industries and support the growth of the MSME sector.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?