Asahi India Glass Limited (AIS) and Vishakha Group have partnered for setting up a solar glass manufacturing plant at Mundra, Gujarat. The plant is expected to be the largest greenfield solar glass plant in India. The first phase of the project aims to generate a glass manufacturing capacity of up to 3 GW of the installable capacity of the solar power plant. The plant will be commissioned within 18 to 24 months. AIS will take minority stake in the solar glass venture.
Vishakha Group is a manufacturer of flexible polymer packaging. It also manufactures other components in the solar panel value chain such as solar backsheets, EVA encapsulant sheets and solar module aluminium frames. AIS is an integrated glass solutions company operating in automotive and architectural glass segments. Its services span the entire glass value chain including manufacturing, processing, fabrication and installation.
India is actively diversifying its renewable energy portfolio to meet its global commitments towards climate change and carbon emissions. India has a target of generating 450 GW of renewable energy by 2030, out of which a lion’s share is expected to come from solar power. The project is in line with India’s commitment to achieve this target and meet the surging demand for solar energy. The partnership is a step forward towards promoting domestic manufacturing of solar components in India. It is also expected to generate a large number of jobs in Gujarat and accelerate greater energy independence in the country.