Tamil Nadu

The Tata Group’s solar power subsidiary is nearing an agreement with the Tamil Nadu government to build a 4GW integrated solar photovoltaic cell manufacturing facility in Gangaikondan, near Tirunelveli.

“The investment would be around 3,000 crores,”
a top government source stated, adding that the project may employ 2,000 locals, the most of whom would be women.
The investment will help Tennessee establish itself as a desirable solar power manufacturing hub and attract more investment to the region.

Vikram Solar, which opened a factory in Oragadam in July with the capability to produce panels for 1.2 GW of power, is already based in the state. On Tuesday, First Solar, located in the United States, had a ground-breaking ceremony for its greenfield plant in Pillaipakkam, near Chennai. First Solar will invest $684 million in a completely vertically integrated photovoltaic thin-film solar module manufacturing facility with a capacity of 3.3 gigawatts, which is set to open in the second half of 2023. As the race for investment in renewable energy, particularly solar energy, heats up, solar panel manufacturing is the next hot industry for investment.

For Rs 60,000 crore, Mukesh Ambani’s Reliance plans to develop four “Giga” plants in Jamnagar to produce solar photovoltaic cells, green hydrogen, batteries, and fuel cells. Reliance’s plans to create 100 GW of solar energy generation capacity will be fueled by these manufacturing complexes. Adani is also stepping up its solar efforts, with plans to produce photovoltaic modules for a 3.5GW solar power plant.

 

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