Solar module manufacturer GREW Solar has secured a contract valued at over ₹20.28 billion (~$225.82 million) from NTPC Renewable Energy (NREL) to supply high-efficiency solar modules with an approximate capacity of 1,464.5 MW for power projects across Uttar Pradesh.

Grew Solar secured the order after winning NREL’s auction for the supply of crystalline bifacial modules for its upcoming solar projects in Lalitpur and Chitrakoot districts of Uttar Pradesh, with a total capacity of 1,000 MW.

The company’s operational solar module capacity stands at 3 GW, comprising its high-efficiency M10 TOPCon modules of up to 590 W. It is expanding its module manufacturing plant in Dudu, Rajasthan, to 11 GW. The facility will include a state-of-the-art research and development laboratory to support innovation in solar technology and sustainable manufacturing practices.

Grew Solar has also started operations at its second unit in Jaipur, Rajasthan, and has commenced construction of its phase-3 unit. The Jaipur plant will have a total production capacity of 8 GW after the new phase’s commissioning.

The company plans to set up a 3 GW solar cell facility at Narmadapuram, Madhya Pradesh, with an investment of ₹30 billion (~$345 million). This will be followed by a capacity expansion of the facility to 8 GW planned for the end of 2026. The 60-acre facility will be a three-stage backward-integrated manufacturing unit, using TOPCon technology.

In September this year, Grew Solar raised ₹3 billion (~$34.09 million) from a group of investors, including those from GeeCee Holdings. The company said it would utilize the funds to develop new products, strengthen its technological infrastructure, and drive capacity expansion across its facilities.

Last May, Grew Energy announced plans to set up a 3.2 GW solar module manufacturing facility in Kathua, Jammu & Kashmir. The company said it would invest ₹45 billion (~$ 538.8 million) to establish a fully integrated three-stage facility on 80 acres of land. Upon completion, the plant will have an annual production capacity of 3.2 GW of high-efficiency solar modules and 2.8 GW of solar ingots, wafers, and cells.

In April 2024, GREW Energy emerged as one of the winners of the Solar Energy Corporation of India’s auction to manufacture and supply 400 MW of solar modules. Grew Energy won 200 MW at a bid value of ₹22.66 (~$0.272)/Wp.