Marking its foray into renewable energy component manufacturing, the BC Jindal Group has unveiled plans to invest INR 15,000 crore by 2030 to establish multigigawatt-scale manufacturing capacities for solar cells and modules, battery cells and packs, and solar glass.
In the first phase, the Group will invest INR 4,000 crore to set up production capacities for 2 GW of solar cells and modules, 4 GWh of battery storage, and 1,200 tonnes per day of solar glass.
The Group has shortlisted the states of Maharashtra and Gujarat to set up production facilities for renewable energy equipment.
Around 40% of the manufacturing output will likely be consumed internally by the Group’s renewable energy generation projects.
Recently, the BC Jindal Group’s JIRE secured a 300 MW solar-plus-battery energy storage project (BESS) from NHPC. It has also announced plans of strategic acquisitions of operational and pipeline renewable energy assets across India and globally.
Last year, the group had launched its renewable energy arm, Jindal India Renewable Energy (JIRE), with an aim to generate 5 GW of power through solar, wind, hybrid, and FDRE (firm & dispatchable renewable energy) solutions to boost the country’s decarbonisation goals and support its transition to clean energy.
Towards this end, the BC Jindal Group plans to invest $2.5 billion in the renewable energy sector over the next five years. Additionally, JIRE is strengthening its presence in renewable energy-rich states by developing projects connected to central transmission utility (CTU) and state transmission utility (STU) networks. These will cater to both utility-scale buyers and commercial & industrial (C&I) customers looking for reliable green energy solutions.
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