Grew Energy, a renewable energy company under the Chiripal Group, has started construction of a backward-integrated solar panel factory in Jammu and Kashmir, India, with a commitment to invest INR 4,500 crore ($538.85 million) . Once completed, the facility will produce 3.2 GW of high-efficiency modules and 2.8 GW of blocks, wafers and cells per year.
Grew Energy is India’s first renewable energy company to set up a manufacturing facility in Jammu.
“Located in Kathua, the high-tech facility will meet international standards with world-class automated machinery, making Grew the first solar company in India to have such unique technology and an advanced manufacturing facility,” Grew Energy said.
Spread over a total area of 80 hectares, the Kathua plant is Grew Energy’s second manufacturing unit. It will enable Grew Energy to meet future demand for the growing solar energy needs in Northern India. The company will also drive positive change to empower communities, increase employment and equip young people with skills.
“As we embark on this transformative journey, we at Grew are grateful to the Government for the welcome and support it is providing. The new plant will not only contribute to the socio-economic development of the state but will also play a crucial role in achieving India’s net zero target,” said Vinay Thadani, CEO, Grew Energy. “It will also help in creating employment opportunities for the people of Jammu and Kashmir. With the establishment of our Kathua plant and our existing 2.8 GW module manufacturing facility in Jaipur, Rajasthan, Grew will achieve a total manufacturing capacity of 6 GW for modules and 2.8 GW for solar components by (fiscal) 2025.”
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