Secures $100 Million Marquee Investment From BII to Boost India’s Solar Manufacturing Ecosystem
Summary
BIIs investment will be primarily utilised to grow the business and expand the Companys manufacturing capacity through the construction of a new state of the art 4 GW TOPCon cell facility in Dholera, . This partnership underscores our commitment to delivering high quality, top-tier products while making strategic investments that drive sustainable growth and create long-term shareholder value. Backward integration into the module supply chain further reinforces ReNews position as a leader in building a resilient, sustainable, and globally competitive clean energy platform., Minister Counsellor, Climate, Science and Tech, , said, This investment in ReNews solar manufacturing arm is a positive development that will diversify the supply of panels and further builds the strong partnership between the and on clean energy. The is pressing ahead with our own clean energy transition, where the private sector is playing a key role, and we are keen to work with and other countries showing domestic and international leadership on tackling climate change to protect our planet., MD and Head of , BII, said, Were excited to partner with ReNew on our first venture into solar manufacturing in . Enhancing capacity in solar manufacturing will not only boost clean energy generation but also reduce the countrys dependency on imports, promote sustainable industrialisation and create new jobs.