Grew Energy, a renewable energy venture of the Chiripal Group, has started building a fully backward integrated solar module manufacturing unit in Jammu & Kashmir with a commitment to invest INR 4,500 crore ($538.85 million). Upon completion, the facility will have the capacity to produce 3.2 GW of high-efficiency modules and 2.8 GW of ingots, wafers and cells per year.
Grew is India’s first renewable energy player to establish a manufacturing facility in Jammu state. “Located in Kathua, the high-tech facility will be as per international standards with world-class automated machinery, making Grew the first solar company in India to have such unique technology and a cutting-edge manufacturing facility,” stated Grew.
The company conducted a ground-breaking ceremony today at the facility.
Spread over a total area of 80 acres, the Kathua facility, Grew’s second manufacturing unit, will enable Grew to meet the future demands for the growing solar needs of Jammu & Kashmir, Ladakh, other neighbouring states and the country at large. The company will also drive positive change to empower communities, boost employment opportunities and upskilling the youth of the state.
Vinay Thadani, CEO and director, Grew Energy, said, “As we embark on this transformative journey, we at Grew are grateful to the Government for the welcome and being so supportive. The new plant will not only add to the socio-economic development of the state but it will also play a pivotal role in meeting India’s net zero target. It will also help in creating employment opportunities for the people of Jammu & Kashmir. With establishment of our Kathua facility and our existing 2.8 GW module manufacturing facility in Jaipur, Rajasthan, Grew will achieve a total of 6 GW manufacturing capacity for modules and 2.8 GW for solar components by FY 2025.”
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