With India steadily moving towards cleaner sources of energy, solar power has emerged as an integral part of this journey. This has prompted different industrial groups to expand their horizons to make a positive impact in this journey. For the Chiripal Group, this has manifested in the form of GREW Solar, the group’s foray into the solar manufacturing and renewable energy sectors.
A Strategic Move into Solar
The company, GREW Solar, was founded in 2022 and represents the renewable energy division of the Chiripal Group. The company has over five decades of experience in the manufacturing sector.
This move, rather than being a new and untested area, represents a natural progression and an extension of the industrial group's experience in the manufacturing sector into an area that promises to shape the future of energy. With the foundation of their manufacturing experience, the company has set up GREW Solar to make a mark in the solar PV industry.
Strengthening Domestic Manufacturing
One of the important functions of GREW Solar is to strengthen domestic solar manufacturing in the country. The company works in the solar PV value chain and aligns itself with the country's emphasis on self-sufficiency in the renewable energy sector.
In a short time frame, it has achieved the milestone of three-stage backward integration, which enables it to exercise greater control over quality, efficiency, and scale.
This model is in complete sync with the larger objective of building an independent and self-sustaining renewable energy sector in the country.
Scaling with Speed and Structure
AGREW Solar has recorded rapid growth since its inception and is now recognized as one of the youngest and fastest-growing solar manufacturers in India.
Its manufacturing capacity includes its fully operational 6.5 GW capacity solar PV module production facility located in Rajasthan. It is also looking to expand its capacity in both solar modules and solar cells.
This is a testament to its growth with structure and scale, enabled by its high-tech infrastructure and its continued investments in building its manufacturing capacity.
Focus on Technology and Sustainability
At the heart of GREW Solar’s operations is its focus on high-tech manufacturing and innovation. It invests in its own research and development to ensure greater efficiency.
In addition to this, it is also focused on sustainability, which is reflected in its operations.
Conclusion
GREW Solar is the forward-looking initiative by the Chiripal Group to enter the renewable space. Built on the back of its successful history in manufacturing, GREW Solar is working towards building the solar landscape in the country.
As the nation looks to move towards cleaner sources of energy, initiatives like GREW Solar are working towards making the future of renewable energy in the country self-sustaining.
