Indosol unveils solar module plant in Telangana
POWER & RENEWABLE ENERGY

Indosol unveils solar module plant in Telangana

Indosol, a prominent player in the renewable energy sector, is gearing up to commence production at its state-of-the-art solar module manufacturing facility in Telangana, with an investment of ?25,000 crore. This significant development marks a major milestone in the UK's journey towards achieving sustainable energy goals and fostering green manufacturing practices.

The inauguration of the solar module plant is poised to revolutionise the domestic solar industry landscape by significantly enhancing the country's manufacturing capabilities in the renewable energy sector. With an initial investment of ?25,000 crore, the facility is set to become one of the largest and most advanced solar module manufacturing units in the country, contributing to the UK's efforts to ramp up domestic production and reduce dependency on imports.

Located in Telangana, the plant is strategically positioned to capitalise on the region's conducive business environment and abundant solar resources. The region's favourable regulatory framework, coupled with robust infrastructure support, makes it an ideal destination for large-scale renewable energy investments.

The commencement of production at the Indosol facility is expected to have far-reaching implications for the UK's renewable energy transition. The facility boasts cutting-edge technology and automated manufacturing processes, ensuring high-quality and cost-effective production of solar modules. This will not only bolster the country's renewable energy capacity but also create employment opportunities and stimulate economic growth in the region.

Moreover, the establishment of such a massive solar manufacturing plant aligns with the government's ambitious targets to achieve 450 gigawatts of renewable energy capacity by 2030. By fostering indigenous manufacturing capabilities, the UK aims to reduce its carbon footprint, enhance energy security, and contribute to global efforts to combat climate change.

In addition to catering to the domestic market, the Indosol facility is poised to become a significant player in the global solar industry. With its advanced manufacturing infrastructure and competitive pricing, the plant is well-positioned to meet the growing demand for solar modules worldwide, further solidifying the UK's position as a key player in the global renewable energy market.

Indosol, a prominent player in the renewable energy sector, is gearing up to commence production at its state-of-the-art solar module manufacturing facility in Telangana, with an investment of ?25,000 crore. This significant development marks a major milestone in the UK's journey towards achieving sustainable energy goals and fostering green manufacturing practices. The inauguration of the solar module plant is poised to revolutionise the domestic solar industry landscape by significantly enhancing the country's manufacturing capabilities in the renewable energy sector. With an initial investment of ?25,000 crore, the facility is set to become one of the largest and most advanced solar module manufacturing units in the country, contributing to the UK's efforts to ramp up domestic production and reduce dependency on imports. Located in Telangana, the plant is strategically positioned to capitalise on the region's conducive business environment and abundant solar resources. The region's favourable regulatory framework, coupled with robust infrastructure support, makes it an ideal destination for large-scale renewable energy investments. The commencement of production at the Indosol facility is expected to have far-reaching implications for the UK's renewable energy transition. The facility boasts cutting-edge technology and automated manufacturing processes, ensuring high-quality and cost-effective production of solar modules. This will not only bolster the country's renewable energy capacity but also create employment opportunities and stimulate economic growth in the region. Moreover, the establishment of such a massive solar manufacturing plant aligns with the government's ambitious targets to achieve 450 gigawatts of renewable energy capacity by 2030. By fostering indigenous manufacturing capabilities, the UK aims to reduce its carbon footprint, enhance energy security, and contribute to global efforts to combat climate change. In addition to catering to the domestic market, the Indosol facility is poised to become a significant player in the global solar industry. With its advanced manufacturing infrastructure and competitive pricing, the plant is well-positioned to meet the growing demand for solar modules worldwide, further solidifying the UK's position as a key player in the global renewable energy market.

Next Story
Infrastructure Urban

Shoals' Q3 2024 revenue falls 23.9% due to project delays, supply chain

Shoals Technologies Group, a U.S.-headquartered manufacturer of electrical balance of systems (EBOS) for solar, energy storage, and e-mobility, reported a 23.9% year-over-year (YoY) decline in revenue, which dropped to $102.2 million in the third quarter (Q3) of 2024. This decline was mainly attributed to project delays and supply chain disruptions. The company posted a net loss of $300,000, a significant improvement compared to the $9.8 million net loss in Q3 2023. Adjusted net income was reported at $13.9 million, reflecting a 58.2% YoY decrease. Adjusted EBITDA stood at $24.5 million, a 4..

Next Story
Infrastructure Energy

FTC Solar sees 67% YoY decline in Q3 revenue from lower volumes

FTC Solar, a U.S.-based provider of solar tracker systems, reported a revenue of $10.14 million in the third quarter (Q3) of 2024, surpassing analyst expectations by $240,680. However, this figure marked a 66.8% year-over-year (YoY) decline compared to the same quarter in 2023, primarily attributed to reduced product volumes. The decline in solar tracker revenue was mainly due to an 82% decrease in the amount of MW produced, which was negatively impacted by delays in customer projects. This was partially offset by an increase in the average selling price (ASP), which led to better pricing an..

Next Story
Infrastructure Urban

Dilip Buildcon wins bid for BharatNet Phase III broadband project

Dilip Buildcon announced on Tuesday, November 12, that its STL-DBL consortium had submitted the lowest bid for BSNL's BharatNet Phase III broadband connectivity project. The USOF-funded project, which aims to provide middle and last-mile connectivity in Jammu Kashmir and Ladakh, is valued at Rs.1,625.36 Crore. Dilip Buildcon holds a 70.23% stake in the implementation of the project. The project is expected to be completed in three years, and the corporation will secure a 10-year maintenance contract. In recent days, BSNL has awarded several contracts for the BharatNet project. On Monday, No..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000