Adani Green Energy Limited (AGEL), a subsidiary of the Adani Group, is planning to establish a 2 GW solar module factory in Tamil Nadu. The factory is expected to be commissioned by 2024 and will create over 2,000 jobs.
The factory will be located in Tirunelveli district and will have a production capacity of 2 GW of solar modules per year. The modules will be manufactured using AGEL’s own in-house technology.
The factory is part of AGEL’s plans to expand its manufacturing capacity and become a leading player in the solar module manufacturing industry. AGEL currently has a 1 GW solar module manufacturing facility in Gujarat.
The establishment of the factory in Tamil Nadu is a boost to the state’s renewable energy sector. Tamil Nadu is one of the leading states in India in terms of solar power generation and has a target of achieving 10 GW of solar power by 2022.
The factory is expected to help Tamil Nadu achieve its solar power target and create jobs in the state. The factory will also help to boost the domestic manufacturing of solar modules and reduce India’s dependence on imports.
Benefits of the factory
The establishment of the factory will have a number of benefits for Tamil Nadu and India. The factory will create over 2,000 jobs and help to boost the state’s economy.
The factory will also help to reduce India’s dependence on imports of solar modules. Currently, India imports about 80% of its solar modules. The establishment of the factory will help to reduce this dependence and make solar power more affordable in India.
The factory will also help to boost the domestic manufacturing of solar modules. This will help to create a more sustainable solar industry in India and create jobs in the manufacturing sector.
Outlook for the solar module manufacturing industry
The solar module manufacturing industry is expected to grow rapidly in the coming years. The global demand for solar power is expected to increase significantly, and this will drive the growth of the solar module manufacturing industry.
India is well-positioned to become a major player in the solar module manufacturing industry. The country has a large and growing market for solar power, and it has a number of advantages in terms of cost and availability of raw materials.
The establishment of the AGEL factory is a significant step in India’s journey to become a major player in the solar module manufacturing industry. The factory will help to create jobs, reduce dependence on imports, and boost the domestic manufacturing of solar modules.