ReNew Power to Kick off Solar Cell, Module Manufacturing at its 2GW Facility in Gujarat from FY23

In line with the government’s announcement of Production-Linked Incentive (PLI) scheme for solar module manufacturing, India’s leading renewable energy IPP ReNew Power has now entered into the manufacturing of solar cells and modules and currently in the process of setting up a 2 GW facility in Dholera Special Industrial Region (DSIR) in Gujarat.

The manufacturing plant is expected to commence operations from fiscal year 2023 and likely to generate 2,500 jobs in the state.

Further, the facility will manufacture 2 GW of solar cells and modules annually using monocrystalline PERC and large wafer technology and will implement best practices in line with Industry 4.0 manufacturing standards.

To setup a manufacturing plant, the state government has allocated 100 acres of land, and also ensures adequate availability of land for future capacity expansion, the company said in a statement.

The company said that the new facility will incorporate its sustainability initiatives and ensure decarbonisation of manufacturing processes and supply chain to create a ‘Green Factory’ of the future.

Commenting on the development, Founder, Chairman and CEO of ReNew Power, Sumant Sinha said, “the Indian Government’s PLI scheme for solar photovoltaic (PV) modules has opened up several avenues for domestic manufacturing in the renewable energy sector. ReNew plans to manufacture both solar cells and modules in the Dholera manufacturing facility with the goal of creating a globally competitive manufacturing unit. We are committed to India’s ambition of achieving 450 GW of clean energy generation capacity by 2030, and we believe the new manufacturing unit will play an important role in boosting India’s domestic manufacturing capacity for clean energy. The new facility will help the company to bring a crucial function in-house.”

On setting up domestic manufacturing of cells and modules, ReNew Power said that it will help in avoiding paying high customs duties on imported components, which are expected to come into force beginning in April 2022. In addition, the PLI scheme announced by the Government of India in 2020 will also provide financial incentives to domestic manufacturing units and is expected to help add 10 GW of integrated solar PV manufacturing capacity in the country.

The Dholera manufacturing facility, apart from supplying to ReNew Power’s own utility-scale power generation business, will also sell components to other renewable energy companies in India.