RMC Switchgears has announced an ambitious plan to set up a state-of-the-art solar module manufacturing facility with an annual production capacity of 1 GWp. The facility will also produce solar module mounting structures with the same capacity, reinforcing the company’s commitment to sustainable energy and renewable innovation.
Project Overview
The project will be located in Badodiya Village, Chaksu Tehsil, Jaipur, Rajasthan, adjoining the company’s existing operational plant. This proximity is expected to ensure seamless integration of operations and maximize efficiency.
Key project highlights include:
- Investment: ₹100 crore
- Funding Mix: A balanced approach leveraging internal accruals, equity, and debt
- Operational Timeline:
- Expected Start Date: July 2025
- Commercial Revenue Generation: August 2025
Commitment to Renewable Energy Growth
This initiative aligns with RMC’s strategic vision to leverage its manufacturing expertise for strengthening its foothold in the renewable energy sector. The integration of solar module production with mounting structure manufacturing will position the company as a key player in India’s burgeoning solar energy market.
Economic and Environmental Impact
- Job Creation: The project is expected to generate significant employment opportunities in the region, both during construction and operational phases.
- Sustainability: By contributing to the development of renewable energy infrastructure, RMC Switchgears reinforces its commitment to supporting India’s clean energy transition and reducing the nation’s carbon footprint.
Why This Matters
India’s solar energy sector has witnessed exponential growth in recent years, with increasing demand for domestically manufactured solar modules. RMC Switchgears’ investment will not only enhance India’s solar manufacturing capabilities but also contribute to achieving the country’s ambitious renewable energy targets.
FAQs About RMC Switchgears’ Solar Project.
1. What is the production capacity of the new plant?
The plant will have an annual production capacity of 1 GWp for solar modules and an equal capacity for module mounting structures.
2. Where will the facility be located?
The facility will be set up in Badodiya Village, Chaksu Tehsil, Jaipur, Rajasthan, adjacent to RMC’s existing operational plant.
3. How will the project be financed?
The project’s ₹100 crore CAPEX will be financed through a mix of internal accruals, equity, and debt.
4. When will the plant become operational?
The facility is expected to be operational by July 2025, with commercial revenues commencing in August 2025.
5. How does this project align with India’s renewable energy goals?
By increasing domestic solar module manufacturing capacity, this project supports India’s mission to achieve its renewable energy targets and reduce dependence on imported solar modules.
