From pv magazine India
It will build the factory in the Dholera Special Industrial Region (DSIR), approximately 100 km outside the city of Ahmedabad. The greenfield facility will manufacture 2 GW of solar cells and modules per year, using monocrystalline PERC and large wafer technologies.
The factory will also sell components to other renewable energy companies in India, in addition to serving ReNew Power’s own requirements for its utility-scale power generation business. It is expected to generate 2,500 jobs in the state.
The developer has secured 100 acres of land for the project from the state government, which leaves room for future capacity expansion. The vertically integrated plant is expected to start production in fiscal 2022-23.
“The manufacturing capacity being set up will incorporate ReNew Power’s sustainability initiatives and ensure decarbonization of manufacturing processes and supply chain to create a ‘green factory’ of the future,” ReNew Power said.
“The Indian government’s production-Linked Incentive (PLI) scheme for solar photovoltaic (PV) modules has opened up several avenues for domestic manufacturing in the renewable energy sector,” said ReNew Power CEO Sumant Sinha. “ReNew plans to manufacture both solar cells and modules in the Dholera manufacturing facility with the goal of creating a globally competitive manufacturing unit.”
The new factory will also help the company to bring critical functions in-house, so it can avoid paying high customs duties on imported components, which are expected to go into force from April 1, 2022.
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