Key Takeaways
- The Andhra Pradesh government has approved Rs 4,000 crore investment for a solar ingot and wafer facility by ReNew Photovoltaics.
- The 6 GW plant aims to reduce India’s reliance on imported solar components and support a goal of 300 GW solar capacity by 2030.
- Expected to create 1,200 jobs, the facility will be operational by 2028 and is backed by the Government of India’s PLI scheme for solar manufacturing.
Investment Approval for Solar Manufacturing Facility
The Andhra Pradesh State Investment Promotion Board, led by Chief Minister N Chandrababu Naidu, has sanctioned a major investment of Rs 4,000 crore for a new solar ingot and wafer production facility by ReNew Photovoltaics. This initiative, located in Rambilli, Anakapalli district, is part of ReNew Energy Global PLC’s strategy to expand its footprint in the renewable energy sector.
The proposed facility will have a capacity of 6 GW, focusing on manufacturing essential components for solar cells and modules. According to an official press release, the approval highlights an important step in reducing India’s dependency on foreign imports, particularly from China, thereby bolstering national efforts toward renewable energy independence.
This endeavor aligns with India’s ambitious target of achieving 300 GW of solar capacity by 2030. The solar ingot and wafer facility will be situated on a 140-acre land plot, which is set to be allocated for construction shortly. The government has also provided backing through the Production-Linked Incentive (PLI) scheme aimed at enhancing domestic solar manufacturing capabilities.
Completion of the project is anticipated by March 2026, with commercial production scheduled to commence in January 2028. Once operational, the facility is expected to generate around 1,200 jobs, comprising high-skilled and semi-skilled positions. For its operations, the plant will require a continuous power supply of 95 MW and an estimated water requirement of 10 million liters per day.
The establishment of this facility marks a significant milestone for both ReNew Photovoltaics and the state’s economic landscape, contributing to job creation and renewable energy growth in India.
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