Bengaluru based solar panel manufacturer Emmvee Energy has announced a major investment of ₹15,000 crore to set up a solar photovoltaic manufacturing plant. The company will implement this project in phases, strengthening India’s renewable energy sector.
Land Allocation and Initial Investment
The company has requested the Karnataka government to allocate 120 acres of land in the Bengaluru IT Investment Region (ITIR) for the project. The state government will assess the request and facilitate the land allocation accordingly.
In the first phase, Emmvee Energy will invest ₹5,000 crore to establish a facility with a power generation capacity of 5 GW. This initial setup is expected to create 10,000 jobs, significantly boosting employment in the region.
Part of Invest Karnataka 2025
The investment aligns with the proposals signed during the recent Global Investors Meet (GIM) – Invest Karnataka 2025.
The proposed plant will play a crucial role in sustainable development by promoting green energy production.
As reported by msn.com, by expanding solar manufacturing capabilities, Emmvee Energy aims to support India’s transition towards renewable energy and reduce dependence on fossil fuels.
