ReNew Power plans to manufacture solar cells and modules in India     

ReNew Power has announced its plan to start manufacturing of solar cells and modules in India. The company will invest Rs 15-Rs 20 billion in setting up this facility, which will initially have a 2 GW manufacturing capacity. It is in discussion with various states to set up this unit. ReNew aims to create a globally competitive manufacturing unit. The company’s foray into manufacturing will not only help it in backward integration but also provide better control over the supply chain for critical components.

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