Chennai: Tata Group solar arm arm is in the final stage of negotiations with the Tamil Nadu government because it plans to form a 4GW solar photovoltaic cell manufacturing unit in Gangaikondan near Tirunelveli.
“Investment by Tata will be around RS 3,000 Crore with the potential of employment of 2,000 locals, especially women,” said high-ranking officials in the Tamil Nadu government.
The investment commitment by Tata Group is seen as “significant”, because it will help the state to show off itself as an attractive solar power manufacturing location.
It is also expected to increase investment to the southern states that have not attracted too much until now.
The country has been home to Vikram Solar, which inaugurated its factory in July to make a panel with a capacity of 1.2gw in Oragadam.
The first solar based in the US violated the land for the Greenfield factory in the Pilapakkam near Chennai on Tuesday.
The first diesel is an investment of $ 684 million in the photovoltaic solar module manufacturing facility that is fully integrated vertically with a capacity of 3.3GW and is expected to start operations in the second half of 2023.
Solar panel manufacturing is the next hot area for the flow of investment for renewable energy, more specifically solar , Get Momentum.
More with the Prime Minister who is committed to fulfilling 50% of the energy needs of the country of renewable energy in 2030.
Mukesh Ambani-LED Industries billionaires will build four ‘giga’ factories in Jamnagar to make solar photovoltaic cells, hydrogen green, batteries and fuel .
Cells for Rs 60,000 Crore.
This manufacturing unit will power the Dream Reliance to build a 100GW solar energy generator capacity.
Adani Group also became aggressive in advance of solar by planning to produce photovoltaic cells for 3.5GW from solar power.