In Short : Grew Energy is planning to establish a solar component unit in Gujarat with an investment of Rs 3,800 crore. This strategic move signifies a substantial commitment to Gujarat’s renewable energy sector, contributing to the state’s solar manufacturing capabilities and economic growth.
In Detail : Grew Energy has signed a memorandum of understanding (MoU) worth Rs 3,800 crore at the 10th Vibrant Gujarat Global Summit in Gandhinagar, Gujarat in the presence of Chief Minister Bhupendra Patel. The company intends to set up a solar component manufacturing unit at Dholera with a capacity of 2.8 GW, by 2025.
Through this MoU, the state government will facilitate the necessary clearances and expedite the establishment process of the unit. The investment is expected to generate employment for over 1,600 people in Dholera. The company will raise the funds through a mix of internal accruals and external funding.
The company has started its 1.2 GW module manufacturing facility at Dudu, near Jaipur, Rajasthan, and will add another 1.6 GW at the same location. It also recently announced another 3.2 GW of manufacturing unit at Dholera, which will take its total manufacturing capacity to six GW by March 2025.
Grew Energy is the renewable verticle of the Chiripal Group.
