Magazine

Last edition
January-February 2025

Home › Renewable energy ›Solar Module Manufacturers Showing Interest in Rajasthan to Setup Manufacturing Units

Solar Module Manufacturers Showing Interest in Rajasthan to Setup Manufacturing Units

Solar Module manufacturers are seeing Rajasthan as a viable option to set up the manufacturing industry.

May 20, 2022. By News Bureau

Rajasthan which is India's top solar state has begun to draw module manufacturing investments. Solar Module manufacturers are seeing Rajasthan as a viable option to set up the manufacturing industry.

On April 24, the Board of Investments, chaired by Chief Minister Ashok Gehlot, approved Renew Power's proposal to build a module manufacturing facility with a capacity of 2000 megawatts. The corporation has now submitted another plan to increase capacity by 2000 MW.

Similarly, Insolation Energy, which was one of the first private companies to build 200-MW module production facilities, is currently growing its capacity by 500 MW.

Manoj Gupta, vice-president of ReNew Power said, "The company has already submitted a proposal to set up another solar module manufacturing plant of 2000 MW in Rajasthan on the same premises of the existing 2000 MW which is currently under development. In both the plants, the company will invest over Rs 900 crore"

ReNew has purchased roughly 22 acres of land in Mahindra World City, Jaipur, for the construction of both units. According to Gupta, both operations will employ 800 people directly, with a total of 4000 people employed indirectly.

The first facility is expected to be operating by January 2023, with a similar timeline for the new plant if all clearances are in place.

The plants will provide a lot of economic growth opportunities in numerous areas once they are operational.

Insolation Energy is investing Rs 100 crore in its new Chomu facility, which will produce 500 MW modules. In a few months, the factory will be functioning.

Manish Gupta, Insolation Energy Ltd, said, "We are investing Rs 100 crore in the new plant which will generate job opportunities for 400 people. There are 250 people already working in the existing facility."

The country's installed module production capacity is currently over 9000 MW. From 2000 MW in 2016, it has increased but the cost of production was previously higher. Because of this, domestically produced modules are more expensive than their Chinese counterparts. However, solar industry leaders claim that economies of scale will lower costs.

Tags: