The Aditya Birla group plans to invest Rs. 6000 crores in solar power over the next five years as demand for clean energy rises and the government's target of 20 gigawatts of solar energy by 2022. The group has acquired stakes in solar power ventures in Gujarat and Rajasthan, and plans to set up an independent solar power company to develop 100MW of capacity in the next 18 months. It has already invested over Rs. 200cr to develop 20MW of solar power capacity.

1. AB Group Plans to Invest Rs.6000 Cr. in
Solar Power Biz
From ET(5/10/2012) page 5
The Aditya Birla group plants to invest Rs.6000 crores in the solar power business over the nest
five years as demand for clean energy rises exponentially and the government has set a target
of setting up 20 gigawatts of solar energy by 2022.
The $40 billiom retail to telecom conglomerate has acquired a minority stake in a solar
power venture promoted by electrotherm in Gujarat’s solar park and struck a long term leasing
agreement with Refex Energy in Rajasthan to operate a solar plant at Bithuja in Rajasthan. These
units of electricity per mw annually.
“ We are getting ready for a large – scale rollout as solar energy holds the potential to
replace the conventional sources of energy. It offers a great potential to scale up ,’’ said
Dev Bhatta charya, head, strategy, Aditya Birla group chairman Kumar Mangalam Birla,
is in the process of setting up an independent company as it seeks to develop a capacity of
100mw over the next 18 months. The group has so far invested a little more than Rs 200cr
To develop 20 mw capacities in solar power.
There are many other possibilities too. Cold chains, for example, many need a lot of
distributed solar power . Industrial towns like Tirupur,which suffers from major power shotage
can bank on solar energy.