Solex Vitality has plans to scale up its module manufacturing capability to fifteen gigawatts which might entail an funding of Rs 8,000 crore, CMD Chetan Shah stated on Monday.
The funding shall be made below ‘Solex Vitality Imaginative and prescient 2030’ plan, the highest firm official informed PTI.
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“We’ll enhance module manufacturing capability from 1.5 GW to fifteen GW. The execution of the plan would require an funding of round Rs 8,000 crore,” Shah stated.
Fairness market would be the main supply of investments and the remaining will come from monetary establishments, he stated.
The plan additionally consists of organising a greenfield cell manufacturing facility with an preliminary capability of two GW with an possibility to extend it as much as 5 GW. Cell is a key element of photo voltaic module.
The Indian photo voltaic market is a progressing market the place the federal government is taking efforts to make sure availability of environment friendly modules for utilization.
The Permitted Listing of Fashions and Producers (ALMM) is an instance of it, the CMD stated including “we have now launched N-Sort TOPcon know-how in modules that includes rectangular Tapi-R sequence cells which comes with newest know-how available in the market.”
The Tapi-R sequence contains a cell measurement of 182.2 x 210 mm and 132 Half-Minimize cells, delivering as much as 23.14 per cent effectivity. It’s notably fitted to large-scale photo voltaic initiatives in difficult environments, similar to deserts and barren lands.
Shah additional stated,”We lately turned the primary Indian PV module producer to safe the distinguished MCS 005 certification below the BSI Kitemark, accredited by the UK Accreditation Service (UKAS).
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Sep 30 2024 | 4:25 PM IST
