Shirdi Sai Electricals Ltd, on Wednesday, April 3, announced an estimated investment of INR 15,000 Crore in setting up an integrated solar cell to module manufacturing facility in Andhra Pradesh. Once completed, it will be the world’s first fully integrated quartz-to-module manufacturing plant.
Indosol Solar, a subsidiary of Shirdi Sai Electricals, will invest in the first phase of the upcoming project, which will be developed in a phased manner. The first phase will comprise 5GW of modules, wafers, ingots, and glass capacities each. It will also include the setup of 5GW glass, a raw material product. Module production under Phase IA commenced on Sunday, March 31. The estimated investment of this phase is INR 1,300 Crore for 500MW module manufacturing. The entire Phase I is anticipated to be completed by 2025.
Also Read: Upcoming Hospitality Project – Bhutani Acqua Eden, Sancoale, Goa
Moreover, Sai Shirdi Electricals plans to complete the overall project by 2028. It will have an upscale capacity of 30GW as well as a downstream capacity of 20GW. The facility will manufacture TOPCon (tunnel oxide passivated contact) and HJT (heterojunction technology) modules.
Biltrax Construction Data is tracking 30,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0
