Photo: ReutersNew Delhi: Yoga guru Baba Ramdev’s Patanjali Ayurved Ltd, the consumer goods products upstart, is poised to diversify into solar power equipment manufacturing. Alongside, it is also proposing a “rent a roof” policy to support its ambitious plan of generating 40 gigawatts (GW) of solar power by 2022. Solar modules or panels account for nearly 60% of a solar power project’s cost. “We started with making solar modules for our captive use initially and then decided to utilize existing capacity to manufacture solar modules and sell in the market. This includes a plan to invite bids for setting up 20GW solar power capacity—the world’s largest solar tender—at one go, to spur domestic manufacturing of solar power equipment.

Source: Mint December 04, 2017 17:48 UTC