RSOLEC to launch with 300-million-dollar investment

RENAISSANCE SOLAR AND ELECTRONIC MATERIALS (RSOLEC), an innovative solar enterprise with operations in India and the USA, announced its official launch and establishment, accompanied by a significant planned investment of about 300 million dollars.

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The launch of RSOLEC aligns with India’s ‘Atmanirbhar Bharat’ mission, showcasing the country’s capabilities in the state-of-the-art solar value chain. The company’s primary focus for the next five years will be on Crystal Growth and Wafering in India. Over the long term, RSOLEC intends to expand its manufacturing over the entire solar value chain.

Investment and Job Creation: RSOLEC’s commitment to pioneering solar manufacturing with the lowest capital intensity ensures cost-competitive production on a global scale. The company’s roadmap anticipates achieving a capital intensity below $35 million per GW.

Furthermore, RSOLEC is dedicated to job creation, aiming to generate over 1,000 skilled jobs in the solar sector within the next three years, with more than 3,000 skilled job opportunities envisioned for the long term. This commitment to job growth aligns with economic development and skill enhancement objectives.