Luminous Power Technologies announced plans to build the country’s first green energy-based solar panel manufacturing facility in Uttarakhand.
The facility, located in Rudrapur, is expected to be fully operational by the end of this year and will be equipped with the latest technology to design and produce high-quality solar panels for both residential and commercial use.
The facility will have a solar production capacity of 500 MW per annum, expandable up to 1 GW, and will produce a range of solar panels with a power output of 40W to 600W.
Preeti Bajaj, CEO and Managing Director of Luminous Power Technologies, said in a statement, “We are excited to announce the set up of our first solar panel facility in Rudrapur, Uttarakhand. This is a major step forward in Luminous Power Technologies’ journey towards enabling a cleaner and more sustainable future.”
The facility has been certified as a green facility by the Indian Green Building Council and will use 100% energy from solar power. The annual production capacity of the facility will be equivalent to carbon sequestration of planting one crore trees, making a major contribution to the reduction of CO2 emissions.