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Daily News Wrap-Up: Reliance to Start Solar Giga-factory by 2024-End

Premier Energies’ IPO oversubscribed 74 times

September 2, 2024

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Reliance Industries will commence the production of solar photovoltaic modules at its giga-factory in Gujarat by the end of 2024. The first phase of its integrated solar production facilities includes modules, cells, glass, wafer, ingot, and polysilicon with an annual capacity of 10 GW. The giga-factory is designed for modular expansion, and the capacity can be increased to 20 GW at minimum cost and time. “We have fully integrated and indigenized the HJT technology from REC Singapore, our wholly owned subsidiary, to develop 1 Gen bifacial solar panels with cell efficiency exceeding 26%,” Reliance Industries Chairman Mukesh Ambani told the company’s shareholders.

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