Solargise India Pvt Ltd today launched commercial operations and unveiled plans to develop 2 GW of solar power plants in the next four years, entailing investments of Rs 12,000 crore.
“We will be invest around Rs 1,000 crore on our production facility and expect manufacturing capacity to touch 500 MW (per annum) by next year,” Solargise Executive Chairman Raj Basu said after the launch.
Solargise, the arm of UK-based Solargise Ltd, is setting up manufacturing plants for 500 MW of Solar Photovoltaic Cells and 500 MW of third generation Solar Photovoltaic modules with patented technology.
The state-of-the-art manufacturing plants will be set up in Dabaspet Industrial Area, Bengaluru, the company said, adding that the facility will house climate chamber for module reliability testing and Research & Development centre for energy storage solutions, the first of its kind in India.
Aligning with the National Solar Mission, Solargise intends to build over 2 GW of solar power plants across the country over the next 3-4 years.
Solargise has selected GE as its strategic technology and EPC partner to deliver 2GW solar power projects in India over the next 3-4 years, using GE’s latest generation 1.5kV Inverters, transformers and SCADA system.
GE’s innovative 1.5kV inverters will increase the efficiency of the plants and reduce the overall system cost for Solargise, the company said.
Solargise India was founded by Basu in 2015.
Members of the team have played a key role in delivery of over 1GW of operational solar power plants in the country. Solargise currently has 60 MW of solar power plants under commissioning.
Speaking about these significant developments and his ‘Sand to Power’ vision to make renewable energy the alternative base power, Basu said: “At Solargise, we are creating the entire eco-system necessary to make renewable energy the alternative base power which will provide India with such a platform.”
GE Power Conversion President & CEO Stephan Reimelt said: “As a technology leader, GE is well poised to accelerate the adoption of solar technology in the country.”
