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Grew Energy To Invest Rs 4500 Crore In 3.2 GW Solar Manufacturing Plant In J&K

Updated: May 11, 2024 04:50:55pm

Grew Energy To Invest Rs 4500 Crore In 3.2 GW Solar Manufacturing Plant In J&K

Srinagar, May 11 (KNN) In a major boost to renewable energy manufacturing in Jammu and Kashmir, solar company Grew Energy has announced a massive investment of Rs 4,500 crore to set up a 3.2 gigawatt (GW) solar module manufacturing facility in Kathua district.

The company's CEO and Director, Vinay Thadani, revealed that the plant, spanning across 80 acres (640 kanal), will have an annual production capacity of 3.2 GW of high-efficiency solar modules and 2.8 GW of ingots, wafers, and cells – key components used in solar manufacturing.

"Grew Energy will set up a 3.2 GW capacity manufacturing facility in J&K with an investment of Rs 4,500 crore. Upon completion, the facility will have an annual capacity of producing 3.2 GW high-efficiency modules and 2.8 GW ingots, wafers, and cells," the company stated.

Thadani highlighted that the project would create much-needed employment opportunities for the local population in the region.

This solar manufacturing plant will be Grew Energy's first renewable energy production unit in the union territory of Jammu and Kashmir, marking a significant step towards bolstering the region's renewable energy sector.

The announcement comes as a welcome move, aligning with the government's push for clean energy transition and promotion of renewable energy sources across the country.

(KNN Bureau)


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