Dear David / Anthony,
Just came across following news report in today’s Economic Times :
We will invest $3 billion in backward integration: Vneet Jaain
Extract :
"We started with solar wherein we made the modules, the cells, the wafer, and the ingots. We then have plans to go further backward on the
polysilicon side.
We have also formed joint ventures for the manufacturing of EVA (ethylene vinyl acetate), back sheets, aluminium frames etc. So, whatever
goes as input in making a panel, we will be manufacturing it.," said Jaain.
Adani Green Energy, one of India's largest renewable companies, is expanding its solar and wind power capacity. Vneet Jaain, managing
director, Adani Green Energy, and director, Adani New Industries, tells Kalpana Pathak that the company plans to invest $3 billion in
backward integration to support its plan to more than double its current solar manufacturing capacity.
With regards,
Hemen Parekh
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