ReNew Power plans to start manufacturing solar cells, eyes China-dominated global market
New Delhi: Renew Power, India’s largest clean energy company, plans to start manufacturing solar cells and modules with an initial investment of ?1,500-2,000 crore in the sector where Chinese dominance is increasingly being challenged by government policies and corporate strategy.
“Manufacturing is a natural progression for Renew Power to ensure backward integration. It fits well with our growth plans to move towards a more integrated renewable energy play across the power value chain,” a person familiar with the development said on condition of anonymity.
