New Delhi : Luminous Power Technologies on Friday announced its plan to build the country’s first green energy-based solar panel manufacturing facility in Uttarakhand.
The new manufacturing plant located in Rudrapur is expected to be fully operational by the end of this year, a company statement said.
The state-of-the-art facility will be equipped with the latest technology to design and produce high-quality solar panels that will be used for both residential and commercial applications, it stated.
Once operational, the facility, spread across 4.5 lakh square feet/10 acres will help enable a solar production capacity of 500 MW per annum, expandable up to 1 GW, producing a range of solar panels with a power output of 40W to 600W.
With the commencement of this factory, Luminous would establish its first facility in solar panel.
Commenting on this, Preeti Bajaj, CEO and Managing Director, Luminous Power Technologies, said in the statement, “We are excited to announce the set up of our first solar panel facility in Rudrapur, Uttarakhand. This is a major step forward in Luminous Power Technologies’ journey towards enabling a cleaner and more sustainable future and aligns with hon’ble prime minister’s goal of being net zero by 2070.” Rajiv Ganju, Senior Vice President, Global Supply Chain, Luminous Power Technologies, said that the plant has been certified as a green facility by the Indian Green Building Council (IGBC) and will significantly mitigate concerns around CO2 emissions, with an estimated reduction of more than 70 million tonnes per year.
This solar panel facility is fully robotic and will use 100 per cent energy from solar power, he noted.
Annual production capacity of the facility will be equivalent to carbon sequestration of planting one crore trees, making a major contribution to the reduction of CO2 emissions.
Luminous Power Technologies provides innovative and sustainable energy solutions to meet the growing demand for clean energy in India. The company’s portfolio includes a wide range of solar products including solar panels, inverters, and energy storage systems.