Indosol unveils solar module plant in Telangana
28 Mar 2024
2 Min Read
CW Team
Indosol, a prominent player in the renewable energy sector, is gearing up to commence production at its state-of-the-art solar module manufacturing facility in Telangana, with an investment of ?25,000 crore. This significant development marks a major milestone in the UK's journey towards achieving sustainable energy goals and fostering green manufacturing practices.
The inauguration of the solar module plant is poised to revolutionise the domestic solar industry landscape by significantly enhancing the country's manufacturing capabilities in the renewable energy sector. With an initial investment of ?25,000 crore, the facility is set to become one of the largest and most advanced solar module manufacturing units in the country, contributing to the UK's efforts to ramp up domestic production and reduce dependency on imports.
Located in Telangana, the plant is strategically positioned to capitalise on the region's conducive business environment and abundant solar resources. The region's favourable regulatory framework, coupled with robust infrastructure support, makes it an ideal destination for large-scale renewable energy investments.
The commencement of production at the Indosol facility is expected to have far-reaching implications for the UK's renewable energy transition. The facility boasts cutting-edge technology and automated manufacturing processes, ensuring high-quality and cost-effective production of solar modules. This will not only bolster the country's renewable energy capacity but also create employment opportunities and stimulate economic growth in the region.
Moreover, the establishment of such a massive solar manufacturing plant aligns with the government's ambitious targets to achieve 450 gigawatts of renewable energy capacity by 2030. By fostering indigenous manufacturing capabilities, the UK aims to reduce its carbon footprint, enhance energy security, and contribute to global efforts to combat climate change.
In addition to catering to the domestic market, the Indosol facility is poised to become a significant player in the global solar industry. With its advanced manufacturing infrastructure and competitive pricing, the plant is well-positioned to meet the growing demand for solar modules worldwide, further solidifying the UK's position as a key player in the global renewable energy market.
Indosol, a prominent player in the renewable energy sector, is gearing up to commence production at its state-of-the-art solar module manufacturing facility in Telangana, with an investment of ?25,000 crore. This significant development marks a major milestone in the UK's journey towards achieving sustainable energy goals and fostering green manufacturing practices.
The inauguration of the solar module plant is poised to revolutionise the domestic solar industry landscape by significantly enhancing the country's manufacturing capabilities in the renewable energy sector. With an initial investment of ?25,000 crore, the facility is set to become one of the largest and most advanced solar module manufacturing units in the country, contributing to the UK's efforts to ramp up domestic production and reduce dependency on imports.
Located in Telangana, the plant is strategically positioned to capitalise on the region's conducive business environment and abundant solar resources. The region's favourable regulatory framework, coupled with robust infrastructure support, makes it an ideal destination for large-scale renewable energy investments.
The commencement of production at the Indosol facility is expected to have far-reaching implications for the UK's renewable energy transition. The facility boasts cutting-edge technology and automated manufacturing processes, ensuring high-quality and cost-effective production of solar modules. This will not only bolster the country's renewable energy capacity but also create employment opportunities and stimulate economic growth in the region.
Moreover, the establishment of such a massive solar manufacturing plant aligns with the government's ambitious targets to achieve 450 gigawatts of renewable energy capacity by 2030. By fostering indigenous manufacturing capabilities, the UK aims to reduce its carbon footprint, enhance energy security, and contribute to global efforts to combat climate change.
In addition to catering to the domestic market, the Indosol facility is poised to become a significant player in the global solar industry. With its advanced manufacturing infrastructure and competitive pricing, the plant is well-positioned to meet the growing demand for solar modules worldwide, further solidifying the UK's position as a key player in the global renewable energy market.
Next Story
Dassault To Build Falcon Jets In India With Reliance
Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..
Next Story
INDEA Lays Foundation for India’s First Auto Design School
The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..
Next Story
Karnataka Launches Global Innovation Hub at Airport City
The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..