- Press Releases
November 23 (Renewables Now) - Indian conglomerate Tata Group is holding talks with the government of Tamil Nadu, the southernmost Indian state, to build an up to 4-GW production facility for solar photovoltaic (PV) cells, The Times of India reports.
The negotiations are currently in the final stages, officials from the state government have told the newspaper. According to the unnamed sources, the company will channel around INR 30 billion (USD 403.4m/EUR 357.8m) in the initiative.
The manufacturing capacity is planned to be installed in Gangaikondan, located in proximity to the city of Tirunelveli. The project is expected to open jobs for around 2,000 people.
Tamil Nadu is already home to a 1.3-GW solar module factory, which Indian solar energy solutions provider and equipment maker Vikram Solar Ltd opened in July. Also this summer, US-based First Solar Inc (NASDAQ:FSLR) unveiled plans to build a 3.3-GW DC thin-film solar module production base in Tamil Nadu, set to become operational in the second half of 2023.
(INR 10 = USD 0.134/EUR 0.119)