India’s ReNew Power to build 2 GW factory

The Haryana-based developer will invest up to $266.9 million to set up a new solar cell and module manufacturing facility.

From pv magazine India

ReNew Power has announced plans to start manufacturing solar cells and modules in India.

The developer will invest INR15 billion ($200.2 million) to INR20 billion to set up a new production facility. The plant will initially have 2 GW of annual manufacturing capacity. However, the location of the factory has yet to be finalized, as the company is still in talks with a number of state authorities.

The announcement comes just weeks after Prime Minister Narendra Modi’s call for Indian companies to become more self-dependent.

For the full story, please visit our pv magazine India site.

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