German Solar Solutions Provider Invests $172 Million in Sustainable Energy Hub
WattPower, a leading solar photovoltaic solutions provider headquartered in Germany, has marked a significant milestone with the inauguration of its state-of-the-art production facility in Chennai, Tamil Nadu. This strategic move is a response to the surging demand for sustainable energy solutions within India, reaffirming the company’s commitment to environmental stewardship.
Spanning an expansive 3.5 acres and featuring an impressive 40 percent dedicated green space, this facility is more than just a manufacturing hub; it stands as a beacon of optimism for a greener future, as highlighted in WattPower’s official statement. Backed by an initial investment of $172 million and equipped with an impressive annual production capacity of 10 gigawatts, WattPower aims to propel India’s solar photovoltaic industry to unprecedented heights. Moreover, this endeavor is expected to generate approximately 180 direct and indirect employment opportunities, making a substantial contribution to India’s growing job market.
Divya Prakash Choraria, the Managing Director of WattPower, expressed the significance of this achievement, stating, “Our Chennai facility signifies a pivotal moment in our journey towards a sustainable future.”
WattPower’s cutting-edge technology, specializing in advanced string inverters for solar power systems, holds the promise of revolutionizing India’s renewable energy landscape. With a global presence spanning 17 countries across Central & Western Europe and South Asia, the company has already delivered over 17 gigawatts of clean, green, and carbon-neutral energy, cementing its position as a trailblazer in the field of solar photovoltaics.