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Nemji Solar Plans to Start 1 GW Solar Module Manufacturing Unit by April, 2020

Nemji Solar, a new entrant into the solar industry has announced that it plans to start operating a 1 GW solar module manufacturing facility by April 2020.

 

The Gujarat-based company also said that it plans to invest around $170 million towards the backward integration for solar cell and wafer production, depending on the government of India’s announcements for capital and interest subsidy.

 

It plans to spend about $50 million in two phases by 2021 towards the 1 GW module manufacturing unit. The company has decided to invest around $500 million by 2025.

 

The new module manufacturing facility is expected to produce next-gen PV modules like half-cut cell modules, bifacial modules, and BIPV modules.

 

Nemji also added that it plans to set up projects worth 500 MW by 2025, with an estimated investment of about $280 million.

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