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Time of India
17-06-2025
- Business
- Time of India
Nagpur solar capital? Waaree, Reliance, B'luru firm seek land for solar panel projects
Nagpur: The solar power equipment manufacturing sector is set to expand in the city with more players entering the fray. After Avaada Electro began production last month, three more companies are set to start operations at Butibori. Reliance Infrastructure has put up a request before Maharashtra Industrial Development Corporation (MIDC) to acquire over 1,000 acres of land. Waaree Energies, which has been allotted 300 acres in Butibori Industrial Estate of MIDC, has applied for an additional 700 acres, said sources. A Bengaluru-based company, Powerin Urja, has also put up a request for 200 acres near the city. MIDC has initiated the process of acquiring land on behalf of the companies, said sources. The three companies plan to manufacture solar panels, a key component for generating solar power. The developments indicate Nagpur will soon emerge as a hub for solar power equipment manufacturing, said sources. Last month, Avaada Electro, the first in the sector to start operations, began manufacturing solar panels and emerged as the first to make 720Wp solar panels in the country. The company also plans to manufacture solar cells by October. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Guayaquil: Inicia hoy con Amazon CFD y construye un segundo ingreso. InvestIQ Registrarse Undo Making cells in Nagpur will eliminate dependence on China, said sources. Ashish Kale, chairman of Association of Industrial Development (AID), said this is expected to draw more players to Nagpur and open opportunities for local industries, especially in light of the rising demand for alternative energy. "Avaada has started production in record time. With this, other companies are expected to follow suit. Moreover, incentives offered by the state govt are much more lucrative compared to other states, on account of refunds available on state goods and service tax (SGST)," said industrial consultant Julfesh Shah.
Time of India
10-06-2025
- Business
- Time of India
Avaada Butibori plant is India's 1st to make 720Wp solar modules
Nagpur: Avaada Electro, which is building a solar power equipment plant at Butibori, has claimed to be the first to manufacture large-sized 720 Watt peak (Wp) TOPcon solar modules in the country. The plant at Butibori near Nagpur is expected to emerge as the country's largest solar modules and cells manufacturing facility. Avaada's projects in the state entail an investment of Rs13,000 crore, most of which is for the Butibori plant. The company has now begun manufacturing 720Wp modules at Butibori. It is currently importing the cells, which are a key component for making modules, from China. However, there are plans to operationalise the cell-making unit also by October. This will enable fully indigenous manufacturing of solar modules, doing away with dependence on China, said company officials. Even China started making 720Wp capacity modules less than a year ago. Avaada is expected to be second globally after China, said a source. Avaada Electro had performed the groundbreaking ceremony for its Butibori plant last October. Modules are the equipment that generate solar power. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo They are made of numerous solar cells. So far, modules made in India have smaller 182x183mm M10 cells which can generate 595Wp solar power. Avaada has begun manufacturing modules made of 220x220mm G12 cells. The modules have the capacity to generate as much as 720Wp power, explained a company official. The manufacturing of the first phase with a capacity of 1.5 gigawatts (GW) has started at Butibori . By July, the full capacity of making modules with a combined capacity of 7GW is expected to be reached. Modules made through the G12 cells can generate more solar power in less area due to the cell's size. Solar module installations occupy a sizeable area, said the source. Similarly, the company has also commercially launched the 630Wp solar modules. The Butibori plant has also been included in the ministry of renewable energy's (MRE) approved list of models and manufacturers (ALMM). This will ensure Avaada's eligibility for taking part in the govt tenders. The Butibori unit has already started supplying solar panels for the state govt's Mukhya Mantri Saur Krishi Vahini Yojana -- the state govt project for supplying solar power to farmers. According to company chairman Vineet Mittal with ALMM accreditation of the Butibori plant and the launch of 720Wp and 630Wp cells, the company hopes to achieve a major revolution in the sector. With Butibori emerging as a prime destination for solar energy equipment makers, Avaada is the first to start production. Other companies like Jindal Group and Waaree Energies also have similar plans for Nagpur.
Time of India
10-06-2025
- Business
- Time of India
Avaada Electro eyes 12 GW module & cell manufacturing capacity by FY27 at Butibori facility, ET Manufacturing
Advt Avaada Group's manufacturing arm Avaada Electro is looking to scale up module and cell manufacturing capacity to 12 Gigawatt each at its Butibori facility in Nagpur The capacity will be increased up to 7 gigawatt by next month, the company said in a statement."Avaada Electro is scaling towards a 12 GW solar module and 12 GW solar cell manufacturing capacity by the next financial year," it company also announced that its Butibori facility has been officially included in the Approved List of Models and Manufacturers ( ALMM ) by the Ministry of New and Renewable Energy (MNRE). Vineet Mittal , Chairman & Founder , Avaada Group, said, "With ALMM certification of our Butibori plant and the commercial launch of our 720 Wp and 630 Wp N-type TOPCon modules, we are proud to lead India 's solar manufacturing revolution."The company's Dadri facility is already was introduced by the government to boost domestic manufacturing of solar panels.
Time of India
07-06-2025
- Business
- Time of India
Reliance, Avaada among new entrants in ALMM solar modules list
Mumbai: The Ministry of New and Renewable Energy has issued the latest revision to the Approved List of Models and Manufacturers (ALMM) for solar photovoltaic modules , with several key additions including Reliance Industries , and Avaada Electro . According to the latest update dated 5 June, 2025, Reliance Industries has made the entry with an enlisted capacity of 1,716 MW per annum manufactured at its Jamnagar facility. Avaada Electro's Nagpur unit has been enlisted with a capacity of 1,272 MW per annum. Other firms such as ReNew Photovoltaics have added advanced solar panels to the list and enlisted a capacity of 2,926 MW per annum manufactured at its Jaipur facility in Rajasthan. Agrawal Renewable Energy, Unique Sun Power, Oswal Solar, Navitas Green, and Insolation Green Energy have also had module additions or capacity changes approved, indicating broad-based expansion across the sector. The latest list features a wide range of bifacial glass-to-glass and glass-to-transparent-backsheet module types across manufacturers. This ALMM revision is effective immediately and is valid up to June 4, 2029, subject to valid BIS certification. The update also clarifies that enlisted capacity reflects only the current revision and should not be interpreted cumulatively with past lists. The move comes amid India's push for domestic manufacturing capacity under the Production Linked Incentive scheme and its ALMM compliance mandate for government projects.
