Andhra approves Rs 4,000-crore ReNew Photovoltaics solar ingot, wafer facility

Economic Times
Economic Times
1d ago • 3 views
Andhra Pradesh has approved a Rs 4,000-crore solar manufacturing plant by ReNew Photovoltaics. This facility aims to enhance India's solar capacity and reduce imports.
Andhra approves Rs 4,000-crore ReNew Photovoltaics solar ingot, wafer facility
A What happened
The Andhra Pradesh State Investment Promotion Board has given the green light for a Rs 4,000-crore solar ingot and wafer manufacturing facility by ReNew Photovoltaics, a subsidiary of ReNew Energy Global PLC. This facility will be established in Rambilli, Anakapalli district, and is part of India's strategy to enhance its solar energy capacity while decreasing dependence on imported components, particularly from China. The project is backed by the Government of India's Production-Linked Incentive scheme for solar manufacturing. Spanning 140 acres, the facility is projected to be operational by January 2028, with commercial production expected to start in March 2026. It will create approximately 1,200 jobs and will require a continuous power supply of 95 MW and 10 MLD of water.

Key insights

  • 1

    Job Creation

    The facility will create around 1,200 jobs.

  • 2

    Reduced Imports

    It aims to decrease India's reliance on imported solar components.

  • 3

    Renewable Energy Goals

    Supports India's target of 300 GW solar capacity by 2030.

Takeaways

The establishment of the ReNew Photovoltaics facility marks a significant step towards enhancing India's solar manufacturing capabilities and achieving its renewable energy targets.

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