Indosol Solar to invest Rs 15,000 crore to invest in Nellore plant
SSEL Group firm Indosol Solar has plans to complete phase-1 of its multi-crore integrated solar module project in Andhra Pradesh by 2025. As per ET Energyworld.com, under phase-1, Indosol Solar is investing Rs 15,000 crore to set up 5 gigawatts (GW) of modules, 5 GW wafers, 5 GW ingot, and 5 GW of glass capacities at the upcoming plant at Nellore, near Ramayapatnam port in Andhra Pradesh.
The project is part of the government of India's PLI Scheme for the solar sector. The entire project is a 30 GW upstream capacity and a 20 GW downstream capacity. It is expected to be completed by 2028 and will be the world's first fully integrated quartz-to-module manufacturing plant which will produce TOPCon (Tunnel Oxide Passivated Contact) and HJT (Heterojunction Technology) modules.
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