The Adani Group’s facility for manufacturing solar cells and modules will be operational before the end of the calendar year, senior executive Samir Vora said on Tuesday.
He was interacting with the media persons on the sidelines of the Renewable Energy India event.
Vora, who is the CEO (Manufacturing Solar) of Mundra Solar PV Ltd, said that the group is in the process of setting up a 1.2 GW manufacturing facility for making solar cells and modules.
Solar cells with advance technologies such as bifacial would be manufactured for the first time in the country, he said.
Mundra Solar PV Ltd is a subsidiary of Adani Enterprises.
Vora said that investment for the first phase is about ₹2,000 crore and second phase would be around ₹3,000 crore. In the second phase, along with cell and module, silicon wafers would also be manufactured. It will create a combined capacity of 2 GW at the facility.
The company has received a few export orders but it takes some time to get the products established in the international market. Key markets in Europe and the US would be targeted with products for all customer segments. The company is a vertically integrated player and it is moving up the value chain, from photovoltaic cells to silicon wafers business, he said.