CHENNAI:
Tata Group's solar power arm is in final stages of talks with the
Tamil Nadu government over its plan to set up a 4GW integrated solar photovoltaic cell manufacturing unit in Gangaikondan near
Tirunelveli
.
"The investment would be around 3,000 crore, and the project may offer employment to 2,000 local people, predominantly women," a top government source said. The investment will help TN position itself as an attractive solar power manufacturing hub and bring in new investments to southern states.
The state is already home to
Vikram Solar
which inaugurated its factory in July with a capacity to make panels for 1.2 GW capacity in Oragadam. US-based First Solar has organised ground-breaking ceremony in its green field plant at
Pillaipakkam
near Chennai on Tuesday.
First Solar is investing $684 million in a fully vertically integrated photovoltaic thin film solar module manufacturing facility with a capacity of 3.3 gigawatts and is expected to commence operations in the second half of 2023.
Solar panel manufacturing is the next hot sector for investment as the scramble for investment in renewable energy, particuarly solar energy is gaining momentum. The PM has committed to meet 50% of the country's energy requirements from renewable energy by 2030.
Billionaire Mukesh Ambanis Reliance would build four 'Giga' factories in
Jamnagar to make solar photovoltaic cells, green hydrogen, batteries and fuel cells for Rs 60,000 crore. These manufacturing units will power Reliance's dreams to build 100GW of solar energy generation capacity.
Adani
is also getting aggressive on the solar front with plans to manufacture photovoltaic cells for 3.5GW of solar power.
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