- Chiripal Group recently launched Grew Energy Pvt Ltd, a solar component manufacturing company, under Chiripal Renewables.
- About 90% of solar components for PV modules are imported from other countries.
Chiripal Group recently launched Grew Energy Pvt Ltd, a solar component manufacturing company, under Chiripal Renewables positioning the conglomerate in the renewable energy space. This new venture will provide world-class solar energy solutions for domestic and international markets. India’s government has set a net zero target by 2070. India is mainly dependent on fossil fuels for most of its energy needs. As a result, the government has encouraged the adoption of solar energy through various schemes and subsidies.
However, about 90% of solar components for PV modules are imported from other countries. GREW aims to close this gap by providing indigenous solar components for PV modules and much more at a competitive value aiding a ‘further and faster’ transition to renewable energy in India. The company will commence production work in June 2023 and will cover the manufacturing of components required for the entire solar energy ecosystem in the next 3-4 years. The company has also ventured into solar infrastructure installation and has over 50 MW projects.
Mr Vinay Thadani, Director of Grew Energy Pvt Ltd, said, “At GREW, we believe sustainable solutions are necessary for future development. What catapults GREW to soar high is the expert team with 15 to 26 years of experience in sustainable solutions, the spirit of technovation, and a world-class infrastructural facility that brings together intricate engineering and functional design. Over the next four years, the facility will catalyse a manufacturing capacity of 4 GW PV Modules, 3 GW PV cells, and an impressive 300 tonnes/day of Tempered Glass. Initially, the manufacturing will be equipped with its first 2 GW of fully automated units in Rajasthan. In contrast, the other manufacturing facilities will branch across India in a phased manner.”