ReNew Power to set up module manufacturing unit in Dholera

ReNew Power to set up Module Manufacturing Unit in Gujarat's Dholera

Gurugram-based ReNew Power has finalised the location in Gujarat for its maiden solar cell and module manufacturing unit. The unit will come up in Dholera with an initial investment of Rs 1,200 crore. The total investment in the unit will eventually rise to Rs 2,000 crore as the company ramps up the scale. ReNew Energy is also likely to apply for the government’s Rs 4,500 crore production linked incentive (PLI) scheme for domestic manufacturing of solar equipment. As of March 2020, ReNew had a total operational renewable energy capacity of 5,400 MW with a further 4,500 MW of capacity under construction.

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