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Title: ReNew Power to invest up to Rs 2,000 crore to set up 2-GW solar manufacturing unit
Source:Mint
Date:16 July 2020
ReNew Power plans to start manufacturing solar cells and modules in India, the company said on 16 July 2020. The renewable energy firm will invest Rs 1,500-2,000 crore to set up a facility which will initially have a 2GW manufacturing capacity. The company is in discussion with various states to set up the unit. ReNew said it will manufacture both solar cells and modules at the upcoming facility and endeavour to create a globally competitive manufacturing unit. The manufacturing facility for solar cells and modules, apart from catering to ReNew Power’s generation business, will also meet the requirements of other clean energy companies in India.
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