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India’s ReNew Power to build 2 GW factory
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.
News Date: 17-Jul-2020
News Source: https://www.pv-magazine.com/2020/07/17/indias-renew-power-to-build-2-gw-factory/#:~:text=ReNew%20Power%20has%20announced%20plans,GW%20of%20annual%20manufacturing%20capacity.
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