It has been reported that the Tata Group is in the final stages of negotiations with the Government of Tamil Nadu regarding the construction of a 4 GW (4GW) Integrated Solar Power Plant at Gangaikondan near Tirunelveli.
It has been reported that the Tata Group’s Rs 3,000 crore solar power plant is coming up in Tamil Nadu and talks are underway for that. The Tata Group is in the final stages of talks with the Government of Tamil Nadu on a project to set up a 4GW integrated solar power plant at Gangaikondan near Tirunelveli.
“About Rs 3,000 crore will be invested in this solar power plant. The project will provide employment to 2,000 people in the area. It will provide employment mainly to women, ”said a senior official of the Tamil Nadu government. The investment will make Tamil Nadu an attractive solar power plant and help bring in new investments to the southern states.
Vikram Solar opened a 1.2 GW solar panel plant in July. First Solar, a US-based company, is organizing a groundbreaking ceremony on Tuesday in the Green area of Pillaipakkam near Chennai.
The first solar powered 3.3 gigawatt integrated solar voltage thin film solar module is expected to be operational by the second half of 2023 with an investment of $ 684 million.
Solar panel manufacturing is a sector with great potential for investment. This is because the competition for investment in renewable energy, especially solar energy, is accelerating. Prime Minister Narendra Modi has promised to meet 50% of the country’s energy needs from renewable energy by 2030.
Businessman Mukesh Ambani’s Reliance is set to build four ‘Ziga’ factories in Jamnagar at a cost of Rs 60,000 crore to manufacture solar cells, green hydrogen, batteries and fuel cells. These units will play a key role in Reliance’s goal of generating 100 GW of solar power generation capacity.
Adani Solar is at the forefront with plans to produce photovoltaic cells for 3.5GW of solar power.
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