Suzlon, RSOLEC keen to invest ₹36000 cr in Karnataka's Vijayapura district

Suzlon and RSOLEC, two leading companies in the Wind Power and Solar Panel segment have expressed interest to set up their units in Vijayapura district.

Published on: Mar 13, 2024, 11:20:33 IST

ANIPosted by Yamini C S

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Suzlon and Renaissance Solar and Electric Material company (RSOLEC), two leading companies in the Wind Power and Solar Panel segment have expressed interest to set up their units in Vijayapura district.

Suzlon has planned to invest ₹30,000 crore while RSOLEC has proposed to invest ₹6,000 crore. (For Representation)

After holding a meeting with the leadership teams of the companies on Tuesday, Large and Heavy and Medium Industries MB Patil said that Suzlon has planned to invest ₹30,000 crore while RSOLEC has proposed to invest ₹6,000 crore.

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JP Chalasani, CEO of Suzlon Group and Milind Kulkarni, CEO of Renaissance Solar and Electronic Materials Company participated in the separate meetings.

"Suzlon known for manufacturing 160-meter-high poles and 70-meter-long wind fan blades required for wind power generation, has planned to invest ₹30,000 crore in phased manner. In the first phase, the company wants to set up wind fan blades manufacturing unit and has asked for 100 acres of land. Once grounded, this will become a huge investment in Vijayapura district," said Patil.

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According to the surveys, Vijayapura, Anantapura in Andhra Pradesh and Jaisalmer in Rajasthan have been identified as the most favourable sites for wind power generation in the country.

The minister explained that Suzlon already has wind power plants of 2,000 MW and 3,000 MW capacity at Anantapur and Jaisalmer respectively. Now, the company intends to start a 5,000 MW unit at Vijayapura.

Mentioning the RSOLEC project, Patil stated the company known for producing raw materials for the manufacture of solar panels is keen to set up its unit in Vijayapura by investing ₹6,000 crore.

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RSOLEC also has asked for 100 acres of land, 80 MW of electricity and 10 MLD of water. Initially, the company plans to invest ₹2,500 crore initially by the company to establish a 5,000 MW capacity unit (Crystal Growth & Wafering Unit) and it intends to start its commercial activities by the end of 2025 which will create 1,000 jobs.

Renaissance Company wants to scale up its capacity to 20,000 MW by 2030 and the job potential will increase to over 3,000, he added.

KIADB CEO Dr Mahesh and others were present in the meeting.

ABOUT THE AUTHOR
Yamini C S
Yamini CS is a Senior Content Producer at Hindustan Times with nearly six years of experience in digital journalism. She is part of the India News desk, where she works on a wide range of stories cutting across civic issues, city-based developments, politics, governance, public policy, breaking news, trending topics, and international affairs that have an impact on India. Her role involves tracking fast-moving developments, verifying information from official and on-ground sources, and presenting news in a clear, accessible format for a digital-first audience. A significant part of her work includes handling live blogs during major news events, such as elections, court verdicts, political developments, civic disruptions, protests, weather-related alerts, and unfolding national or international incidents. Through live coverage, she focuses on timely updates to help readers follow complex stories as they evolve. Before moving to the broader India News desk, Yamini was associated with the Bengaluru desk at Hindustan Times, where she extensively covered urban governance, infrastructure, traffic and transport issues, weather events, public grievances, and civic administration in the city. This experience strengthened her grounding in city reporting and sharpened her focus on citizen-centric journalism. She began her career as a correspondent with Reuters after completing a postgraduate diploma in journalism from the Indian Institute of Journalism and New Media. Her early training instilled a strong emphasis on accuracy, sourcing, and news ethics, which continue to shape her reporting style. Outside of work, Yamini enjoys reading across genres, listening to music, and spending time with her family, which help her maintain balance in a fast-paced newsroom environment.Read More

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