ReNew Photovoltaics, a unit of ReNew Energy Global, has received $100 million in funding from British International Investment to expand solar cell production in Dholera, Gujarat. The funding, BII’s first in India’s solar manufacturing sector, will support a new 4 GW TOPCon cell facility, bringing total cell capacity to 6.4 GW. The additional capacity is expected to support ReNew’s internal requirements and supply third-party orders, including those from NTPC and Shakti Pumps. Approximately 2,000 jobs are projected to be created through the expansion.
ReNew secures $100 million funding from BII for solar cell expansion in India
British International Investment has provided $100 million in funding to ReNew Photovoltaics to expand solar cell capacity in Gujarat and generate 2,000 jobs.
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